Stock market recommendations: BSE, Reliance Industries, and PI Industries have been identified as the top stocks to buy today, July 22, 2026, by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares.BSE: Buy Near Ichimoku Cloud SupportBuy: Rs 3,650–Rs 3,600 | Stop Loss: Rs 3,520 | Target: Rs 3,850BSE has witnessed a healthy corrective decline and is now approaching a crucial support zone around Rs 3,650–Rs 3,600, which coincides with the Ichimoku Cloud support. Despite the recent weakness, the broader trend remains positive as prices continue to trade within the long-term bullish structure. The Ichimoku Cloud is expected to act as a strong demand zone, increasing the probability of a pullback from current levels.Additionally, the RSI has cooled off near the 40 mark, indicating that downside momentum is easing and providing room for a potential recovery. This combination of strong technical support and improving momentum makes the current risk-reward favourable. Traders may consider entering long positions in the Rs 3,650–Rs 3,600 zone, with a target of Rs 3,850.Reliance Industries: Confluence Support Signals Rebound OpportunityBuy: Rs 1,320–Rs 1,300 | Stop Loss: Rs 1,250 | Target: Rs 1,450Reliance Industries has undergone a healthy correction and is now approaching a strong confluence support zone around Rs 1,320–Rs 1,300. This region coincides with the 200-DEMA, a rising long-term trendline support, and a previous breakout zone, making it a critical demand area. Despite the recent weakness, the broader trend remains constructive as the stock continues to trade above its long-term moving average.Additionally, the RSI has cooled off near the 45 mark, indicating that selling pressure is gradually easing and the stock is entering an attractive risk-reward zone. The confluence of multiple technical supports increases the probability of a meaningful rebound from current levels. Traders may consider entering long positions in the Rs 1,320–Rs 1,300 zone, with a target of Rs 1,450.PI Industries: Pullback Towards Ichimoku Support Offers Buying OpportunityBuy: Rs 2,650–Rs 2,600 | Stop Loss: Rs 2,350 | Target: Rs 2,850PI Industries has undergone a meaningful correction from its recent highs and is now approaching a strong support zone around Rs 2,650–Rs 2,600, which aligns closely with the lower boundary of the Ichimoku Cloud. Despite the recent decline, the long-term trend remains constructive, and this pullback appears to be a corrective move within the broader uptrend. The Ichimoku Cloud is expected to provide a strong base, increasing the probability of a technical rebound.Additionally, the RSI has slipped near the 40 mark, indicating that downside momentum is gradually weakening and the stock is approaching an attractive risk-reward zone for fresh buying. Traders may consider entering long positions in the Rs 2,650–Rs 2,600 zone, with a target of Rs 2,850.(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.)
