Stock market recommendations: Dixon Technologies, GAIL, and Prestige Estates Projects have been identified as the top stocks to sell by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on October 6, 2026. On the other hand, Adani Power is a buy call according to the analyst. Let’s take a look:Dixon Technologies: Sell in the range of Rs 12,748-12,749; Stop Loss at Rs 13,150; Target: Rs 12,200On the weekly time frame, the stock has broken below the support of the last four weeks and also breached the 38.2% retracement level of the overall rise from the previous swing low. On the daily chart, the stock is forming a lower top and lower bottom pattern below the 200 DEMA.The overall price structure remains weak, indicating continued bearish momentum. Momentum indicators are showing a negative crossover, which supports the bearish view. The key resistance level is placed at 13,000, while immediate support is at 12,400.GAIL: Sell in the range of Rs 167-168; Stop Loss at Rs 173.50; Target: Rs 161In the weekly time frame, the stock has witnessed a breakdown from a broad trading range. On the daily chart, the stock has faced multiple rejections near the 20 and 40 DEMA and has also broken below the 200 DEMA.The stock is showing a gradual decline at current levels. Momentum indicators are showing a negative crossover, suggesting continued weakness. The key resistance level is placed at 170, while support is at 163.Prestige Estates Projects: Sell in the range of Rs 1,445-1,446; Stop Loss at Rs 1,500; Target: Rs 1,385The stock has been consolidating in a narrow range for the last three weeks. On the daily chart, it has broken below a rising trendline and is trading below the 20 and 40 DEMA. The stock has faced multiple rejections near the supply zone as well as the 200 DEMA, indicating a possible breakdown from the current consolidation range.Momentum indicators are showing a negative crossover, which signals weakness. The key resistance level is placed at 1,471, while support is at 1,408.Adani Power: Buy in the range of Rs 200-201; Stop Loss at Rs 193; Target: Rs 210The stock is showing strong support near an important demand zone on the weekly chart. The lower Bollinger Band is aligned with the 40 WEMA and the 50% retracement level of the overall rise from the previous swing low of 131, making this a strong support area.On the daily chart, the stock is forming a base near the 200 DEMA and has formed a positive reversal candlestick pattern. Momentum indicators are showing a positive crossover, reflecting bullish strength. The key resistance level is placed at 205, while support is seen at 197.(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)
✍️ Vikrant Kharwar
Vikrant Kharwar is the Founder and Editor of News Us Media. He writes about trending news, sports, entertainment, technology, and viral stories. His goal is to make news simple, informative, and easy to understand for readers across the United States and around the world.
