Stock market recommendations: United Breweries, and Max Healthcare are the top stocks to buy recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for July 29, 2026. Adani Enterprises has been identified as a sell call.United Breweries: Bullish Divergences Signal Potential ReversalBuy: Rs 1,430–Rs 1,410 | Stop Loss: Rs 1,300 | Target: Rs 1,565United Breweries (UBL) is showing signs of a potential reversal after correcting sharply from its recent highs. The stock is currently trading near a major historical demand zone, which also coincides with the Floor Pivot S1 support, making this an important accumulation area. Additionally, the weekly MACD, RSI, and DMI are exhibiting bullish divergences, indicating that bearish momentum is fading despite the stock making lower lows. These positive divergences suggest that selling pressure is weakening while buyers are gradually returning. The recent price action also reflects a successful defence of the demand zone, increasing the probability of a recovery.Traders may consider entering long positions in the Rs 1,430–Rs 1,410 zone, with a target of Rs 1,565.Max Healthcare: 50-EMA Support Signals Resumption of UptrendBuy: Rs 1,120–Rs 1,110 | Stop Loss: Rs 1,060 | Target: Rs 1,200Max Healthcare has resumed its upward momentum after taking support near the 50-day EMA, indicating that the broader bullish trend remains intact. The stock has witnessed a strong rebound from lower levels, while the RSI around 57 reflects improving strength without entering the overbought zone. Although the MACD is witnessing a mild loss in momentum, it remains in positive territory, suggesting the primary trend is still favourable. The Stochastic oscillator has turned higher from the oversold region, hinting at renewed buying interest.Traders may consider entering long positions in the Rs 1,120–Rs 1,110 zone, with a target of Rs 1,200.Adani Enterprises: Bearish Reversal Signals Fresh Shorting OpportunitySell: Rs 3,100–Rs 3,050 | Stop Loss: Rs 3,225 | Target: Rs 2,775Adani Enterprises has started showing signs of fatigue after failing to sustain above the Rs 3,150–Rs 3,180 resistance zone, where the Camarilla R4 level is acting as a strong resistance, increasing the likelihood of profit booking. The recent breakdown below the short-term rising trendline indicates weakening bullish momentum and raises the probability of a deeper corrective move. The DMI has turned bearish, with the -DI (red) crossing above the +DI (green), while both the -DI and ADX are trading above the 25 level, confirming that bearish momentum is strengthening and sellers are gaining control. The RSI has slipped below the 50 mark, reflecting fading buying strength, while the MACD remains below the signal line with an expanding negative histogram, indicating increasing downside momentum.Traders may consider entering short positions in the Rs 3,100–Rs 3,050 zone, with a target of Rs 2,775.(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.)
