Top Stock Picks for Today – 27 May: Chandan Taparia Recommends These 3 Stocks to Buy Now

Shares to Buy or Sell Today – 27 May: Chandan Taparia's Top 3 Stock Picks with Targets & Strategy

As we step into the final trading week of May 2025, the markets are cautiously optimistic. The Nifty50 is holding near key resistance levels, while sector rotation continues to dominate short-term trends. Amidst this setup, Chandan Taparia, renowned technical analyst at Motilal Oswal, has handpicked three high-conviction buy ideas for today's trade (27 May).

Whether you're a day trader or a short-term swing investor, Taparia’s picks offer an excellent blend of technical breakouts, price volume action, and risk-reward ratios. Let’s deep dive into his top three buy calls, including technical analysis, chart setups, entry/exit points, and strategy insights.

Market Mood Check – 27 May 2025

• Nifty50 opened marginally higher and is attempting to break above the 23,000-mark resistance.

• Bank Nifty is showing relative strength with PSU banks in focus.

• FII flows turned marginally positive after five straight sessions of selling.

• Sectoral churn is evident – FMCG & IT are lagging while auto & banking are gaining momentum.

In this environment, Taparia’s stock recommendations are momentum-driven with a focus on price breakout formations and trend continuation setups.

Stock Pick #1: ICICI Bank – Breakout from Consolidation

 Recommendation: BUY

• CMP: ₹1,083

• Target: ₹1,125

• Stop Loss: ₹1,058

• Timeframe: 3–5 trading sessions

 Technical Rationale:

ICICI Bank has been consolidating in a narrow range for the last few sessions, forming a base near ₹1,060–1,070 zone. Today, it has broken above the consolidation pattern on the back of strong volumes and improving sector sentiment in private banking.

The stock has crossed above its 21-day exponential moving average (EMA), which often acts as dynamic support in a rising trend. With the Relative Strength Index (RSI) climbing past 60 and MACD crossover turning positive, the stock is poised for a short-term upmove.

 Expert View:

According to Taparia, "ICICI Bank is forming higher lows on the daily chart and is well-positioned to surpass its short-term resistance levels. We see this as a buy candidate for quick upside."

Stock Pick #2: Tata Motors – Strength in Auto Pack

 Recommendation: BUY

• CMP: ₹1,030

• Target: ₹1,075

• Stop Loss: ₹1,005

• Timeframe: 5–7 trading sessions

 Technical Rationale:

Tata Motors has been a consistent outperformer in the auto space, and the stock is witnessing fresh long buildup after it cleared the ₹1,015 hurdle with rising delivery volumes.

The recent consolidation post the Q4 results seems to be over, and the stock is resuming its upward trajectory, supported by strong open interest (OI) additions in futures contracts.

Technically, it has given a bullish flag breakout, supported by price action and strength in Auto Index, which is one of the leading sectors this month.

 Expert View:

Chandan Taparia highlights, “Tata Motors is seeing a revival in buying interest, and with positive momentum across the auto sector, it can move towards ₹1,075 in the coming sessions.”

Stock Pick #3: HCL Technologies – Tech Counter Poised for Pullback Rally

 Recommendation: BUY

• CMP: ₹1,410

• Target: ₹1,455

• Stop Loss: ₹1,384

• Timeframe: 3–5 trading sessions

 Technical Rationale:

HCL Tech is showing signs of a pullback from key support near ₹1,375, forming a bullish reversal candle on the daily charts. IT stocks have been under pressure in recent weeks, but HCL Tech is exhibiting early reversal signs, with support from oversold RSI and positive divergence on MACD.

The stock has also reclaimed the 20-day moving average, a critical trend indicator for short-term positions.

 Expert View:

“Among IT stocks, HCL Tech is displaying resilience. If Nifty IT stabilizes, HCL Tech could lead the rebound. Use dips to enter with a tight stop,” says Taparia.

Summary Table: Chandan Taparia’s Picks for 27 May

 Trading Strategy Tips for Today

1. Use Trailing Stop Losses: In trending stocks like ICICI Bank and Tata Motors, shift your stop loss higher to protect profits.

2. Avoid Over-leverage: Market volatility remains high due to global cues. Keep position sizing in check.

3. Watch Sector Rotation: Auto and Banks are outperforming; IT could offer a short-term bounce but requires tight risk control.

 Market Risks to Monitor

• Global Headwinds: US Fed rate talk and crude oil fluctuations are keeping markets jittery.

• FIIs Selling Resumes: Any return to sustained foreign selling could derail the ongoing recovery.

• Election Sentiment: With state-level election buzz picking up, volatility may rise in specific sectors like infra, PSU, and energy.

Final Word: Should You Buy These Stocks?

If you're looking for short-term trading opportunities with a technical setup and momentum backing, these three picks from Chandan Taparia offer compelling entry points. However, as always, traders must respect stop losses, position sizing, and sector trends.

Apply if:

• You’re an active trader.

• You follow technical signals and breakout strategies.

• You monitor charts and use disciplined exits.

Avoid if:

• You’re a long-term investor looking for fundamental stories.

• You dislike short-term market volatility.

• You don’t track markets intraday or at close.