Stock market recommendations: Deepak Fertilisers & Petrochemicals Corp Ltd, Jubilant FoodWorks, and HDFC Life Insurance Company are the top buy calls from Mehul Kothari, DVP of Technical Research at Anand Rathi Shares for September 23, 2026. He has shared the target prices, stop loss levels and the technical reasoning and outlook:Deepak Fertilisers & Petrochemicals Corp Ltd: Buy between Rs 1,370-1,340 | Stop Loss: Rs 1,250 | Target: Rs 1,555DEEPAKFERT has corrected around 24.5% from its recent high and is now showing signs of stabilisation near the 38.2% Fibonacci retracement of its previous up move. The same zone is also supported by the weekly flat cloud, making it an important area from a medium-term perspective. The daily RSI has also formed a hidden bullish divergence, suggesting that momentum is improving despite the recent correction.With multiple technical supports coming together in the current zone, the stock could be entering a phase of accumulation and may see a reversal if the support holds.Traders may consider entering long positions in the 1,370-1,340 zone, with a target of 1,555.Jubilant FoodWorks: Buy between Rs 488-475 | Stop Loss: Rs 455 | Target: Rs 532JUBLFOOD has been sustaining above its 45-week moving average, which is a positive sign for the medium-term price structure. The stock has also developed a bullish divergence on the daily RSI, indicating that momentum is gradually improving.The ability to hold above the 45 WMA would remain important for the current setup, while any sustained buying above the recent range could open room for further upside. Overall, the technical structure remains favourable and the stock could continue its upward move if the current support levels are maintained.Traders may consider entering long positions in the 488-475 zone, with a target of 532.HDFC Life Insurance Company: Buy between Rs 560-550 | Stop Loss: Rs 520 | Target: Rs 625HDFCLIFE has been building a base over the last four to five months, with the stock forming multiple bottoms around the lower levels. The daily RSI has also shown bullish divergences during these phases, indicating that selling momentum has been losing strength.More recently, the stock has moved above its falling trendline, which suggests an improvement in the short-term trend. Sustaining above this breakout zone would be important and could attract fresh buying interest. With the base formation, positive RSI structure and trendline breakout coming together, the stock has the potential to move higher.Traders may consider entering long positions in the 560-550 zone, with a target of 625.(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.)
