Top stocks to buy (AI image)

Stock market recommendations: According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today (January 28, 2026) are Chennai Petroleum, Oil India, and Punjab National Bank (PNB). Let’s take a look:CHENNAI PETROLEUM – Consolidation near Key SupportBuy: ₹850–₹840 | Stop Loss: ₹795 | Target: ₹950Chennai Petroleum is consolidating after its recent up-move and is trading near a strong support zone of ₹850–840, which coincides with the prior breakout base and demand area. The broader structure remains positive as long as ₹795 is protected on a closing basis. Price is holding near the Ichimoku cloud support, indicating consolidation within an ongoing medium-term uptrend. RSI has cooled off into the neutral zone, suggesting a healthy momentum reset and scope for a fresh upside move.OIL INDIA – Consolidation with Trend SupportBuy: ₹448–₹440 | Stop Loss: ₹425 | Target: ₹480Oil India is trading near a strong support zone of ₹448–440 after a phase of consolidation, indicating buying interest emerging at lower levels. The broader structure remains positive as long as ₹425 is protected on a closing basis. Price is holding near key moving averages and trend support, suggesting consolidation within an ongoing medium-term uptrend. Momentum indicators are stabilising, with RSI in the neutral zone and ADX showing signs of strength, providing scope for a fresh upside move towards the ₹480 level.PNB – Pullback to Support within UptrendBuy: Near ₹122 | Stop Loss: ₹118 | Target: ₹130PNB is witnessing a healthy pullback after its recent rally and is now trading near a strong support zone around ₹122, which coincides with short-term moving averages and a prior demand area. The broader price structure remains positive as long as ₹118 is protected on a closing basis. Price action suggests consolidation within an ongoing uptrend rather than a trend reversal. Momentum indicators have cooled off from higher levels, indicating a reset in momentum and providing scope for a fresh upside move towards the ₹130 level.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)