Stock market recommendations: Varun Beverages (VBL), and Eternal are the top stock picks by Bajaj Broking Research has chosen for May 29, 2026:Varun Beverages (VBL)Buy in the range of ₹ 526-536
The stock is in uptrend forming higher high and higher low in the weekly and monthly chart. It has recently rebounded, taking support at its previous trendline breakout area highlighting Change of Polarity and overall positive bias. On the smaller time period chart, it is at the cusp of generating a breakout above the last three weeks range 535-485 highlighting positive bias and offering fresh entry opportunity.The stock has strong support at 510-500 levels being the confluence of the 20-day EMA and key retracement of previous up move. On the higher side we expect the stock to head towards 590 levels, being the measuring implication of the recent range breakout and high of February 2025.EternalBuy in the range of 254.00-259.00
The stock has recently generated a breakout above the falling trendline connecting the highs of February and April 2026, indicating strength and creating a favourable entry opportunity.The stock in the process has closed above its 20- & 50-days EMA thus supports the positive bias in the stock.Going ahead, we expect the stock to move towards the 290 level over the coming months, which represents the 50% retracement of the entire decline from 368 to 213.Adding to the bullish setup, the daily MACD has given a buy signal by crossing above its 9-period average, suggesting improving momentum and supporting the positive bias in the stock.(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.)
