Top stocks to buy (AI image)

Stock market recommendations: ITC, and Ramco Industries – these are the top stocks to buy recommended by Bajaj Broking Research for July 3, 2026. Let’s take a look:ITCBuy in the range of ₹ 286-292

ITC stock price has undergone a corrective phase over the past 21 months and is currently consolidating near a crucial support zone. This technical setup offers a favorable risk-reward profile, positioning the stock for a pullback in the coming months.The current corrective phase appears to be approaching its final stages, as the stock is nearing both price and time parity with its previous major decline. Between July 2017 and March 2020, the stock fell from 338 to 124, a decline of 214 points. The ongoing correction has exhibited a comparable magnitude, with the stock declining from 485 to 275, a fall of 210 points. From a time perspective as well, the current correction closely mirrors the earlier phase, having already extended for approximately 21 months. This alignment in both price and duration suggests that the present corrective phase may be nearing exhaustion.The monthly stochastic has also rebounded from oversold territory and has generated buy signals thus supporting positive bias. We expect the stock to head higher towards 330 levels being the confluence of the high of February 2026 and 23.6% retracement of the entire decline from 485 to 275.Ramco IndustriesBuy in the range of 334.00-342.00

The stock has recently generated a breakout above the last 4 months bullish Cup & Handle formation signaling continuation of the up move and offers fresh entry opportunity for the next leg of up move. The breakout is supported by strong volume signaling larger participation at the breakout area highlighting strength.A key technical observation on the daily chart is the recent formation of a golden crossover, wherein the 50-day Exponential Moving Average (EMA) has crossed above the 200-day EMA. This crossover is widely regarded as a strong bullish signal, indicating a shift in trend from bearish to bullish territory.Going ahead, we expect the stock to head towards the 388 level over the coming months, which represents the measuring implication of the handle of the recent cup & handle breakout area and the previous all-time high is also placed around 388 levels.(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.)