Stock to buy today: Gabriel India (₹1,242) – BUY

The short-term outlook has turned bullish for Gabriel India. The 4 per cent rise has taken the share price well above the key resistance level of ₹1,210. It also confirms an inverted head and shoulder pattern on the chart. Moving average indicators on the daily chart also signal bullishness. Support is now in the ₹1,210-₹1,200 region. Fresh buyers are likely to come into the market and limit the downside. Gabriel India share price can rise to ₹1,500 in the coming weeks. Traders can buy Gabriel India shares now at ₹1,242. Accumulate on dips at ₹1,215. Keep the stop-loss at ₹1,140. Trail the stop-loss up to ₹1,265 as soon as the stock goes up to ₹1,295. Revise the stop-loss to ₹1,320 and ₹1,390 when the price touches ₹1,360 and ₹1,440, respectively. Exit the long positions at ₹1,480.

Note: The recommendations are based on technical analysis. There is risk of loss in trading.