Top stocks to buy today: Stock market recommendations for August 4, 2026 – check list
Stock market recommendations: Honasa Consumer, Gland Pharma, Bata India, and Siemens – these are the top stocks to buy picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for August 4, 2026:Buy Honasa Consumer at CMP; Stop Loss: 437 on a closing basis; Target: Rs 485 – 500Honasa Consumer Ltd. remains in a strong uptrend, as reflected by its well-defined higher top-higher bottom structure on the daily chart. The stock has traded consistently above its 40-day EMA since April 2026, highlighting sustained bullish control and strong trend persistence. The recent corrective phase appears to be nearing completion, with the stock finding support near the 40-day EMA and rebounding from the lower Bollinger Band. Adding to the constructive setup, the daily momentum indicator has started turning higher from near the zero line, suggesting improving short-term momentum. With the broader uptrend intact, a breakout above the recent consolidation range could pave the way for the next leg of the up move.Buy Gland Pharma above Rs 2586; Stop Loss: Rs 2494; Target: Rs 2700 – 2760Gland Pharma Ltd. continues to trend higher while taking support from its 40-day EMA, reflecting a constructive price structure and sustained bullish undertone. The recent consolidation near the previous highs appears to be shaping into a potential cup-and-handle formation, with the stock now approaching a breakout from the handle portion. The setup indicates accumulation following a strong prior advance and enhances the probability of trend continuation.Supporting this view, the daily momentum indicator remains in bullish mode and has turned higher, signalling improving buying interest. A decisive move above the recent resistance zone of 2573 – 2586 could trigger the next leg of the up move and reinforce the prevailing positive trend.Buy Bata India at CMP; Stop Loss: Rs 690 on a closing basis; Target: Rs 736 – 752Bata India Ltd. has witnessed a strong rebound from the lower band of its rising channel, reaffirming the stock’s positive intermediate-term structure. The recent consolidation has taken the shape of a bullish flag pattern, and prices are now attempting a breakout, signalling the potential resumption of the prior uptrend.The stock is also trading above its key daily moving averages, reflecting improving demand and a favourable risk-reward setup. On the broader timeframe, the weekly momentum indicator remains in bullish mode, indicating strengthening trend dynamics. Additionally, the stock is poised to close the week above its 20-week SMA (698), a development that would restore positive momentum and improve the prospects of a sustained move towards higher levels.Buy Siemens at CMP; Stop Loss: Rs 3740 on a closing basis; Target: Rs 4050 – 4150Siemens Ltd. staged a decisive breakout from a prolonged consolidation zone in April 2026, marking the beginning of a strong upward move. Following this breakout, the stock entered a healthy consolidation phase, allowing gains to be absorbed while maintaining its broader bullish structure. The recent price action indicates a breakout above a declining resistance trendline, suggesting the consolidation may be ending and the primary uptrend is resuming. The stock continues to trade above its key daily moving averages, reinforcing the positive price structure. Adding further strength, the daily momentum indicator has turned higher and remains above the zero line, signalling improving momentum. A sustained move above the breakout zone could pave the way for the next leg of the uptrend.(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.)
