Top stocks to buy or sell today: Stock market recommendations for October 9, 2026 – check list
Stock market recommendations: Axis Bank, and Authum Investment & Infrastructure Ltd have been recommended as the top stocks to buy today on October 9, 2026 by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. Meanwhile, Dixon is a sell call according to him. Let’s take a look:Buy Axis Bank at Rs 1245-1240; Stop Loss: Rs 1158; Target: Rs 1350-1360Following a sharp 16% move in a month earlier this year, which resulted in the formation of an Anchor Column on the 1% Point & Figure charts, AXISBANK has remained in consolidation thereafter. Despite the consolidation and the recent selling pressure, the medium-term bullish view is intact, as buyers have successfully defended the lows of the Anchor Column around the 1180 mark.Alongside this, the formation of successive weak breakdowns points towards a possible exhaustion on the part of sellers. A weak Breakdown on the candlestick charts, followed by the formation of an exhaustion Gap, points towards the possibility of a resumption of the prior uptrend. Given the stock’s proximity to a very strong support level, coupled with the presence of trapped sellers on the downside, we expect AXISBANK to resume its upward trajectory and outperform over the coming months.Buy Authum Investment & Infrastructure Ltd at Rs 550-545; Stop Loss: Rs 500; Target: Rs 620-630AIIL is one of the stocks exhibiting high relative strength, in a market that has encountered a broad-based selling. The stock has been gradually inching higher, in a higher high-higher low formation, indicating a strong uptrend is in place. The stock has established a strong support in the 510-500 band, taking support in this zone on multiple occasions, also indicated by the formation of a bullish anchor column, which has remained intact since its formation, providing additional evidence that buyers remain in control of this stock.Alongside this, the stock is also invalidating a major bearish set up, breaking above its prior bearish anchor column, providing further evidence of a shift in control towards buyers. This recent price decline offers a lucrative, risk-adjusted opportunity to enter into a strong stock.Sell Dixon at Rs 12650-12660; Stop Loss: Rs 13040; Target: Rs 12000-11965DIXON has had a scintillating run this FY, but post the prior up move, the stock is now showing signs a potential trend reversal, with prices now slipping below key exponential moving averages on its candle stick charts, where the bearish set up gets further underscored, with a bearish cross over of the 20 EMA, below its 50 EMA, indicating the short term trend has turned bearish. A weak breakout, and a follow-through double-both sell on the 1% Point and figure chart, corroborates the emerging bearish structure.The 0.25% Point and figure charts further reinforce the bearish view as well, where the stock is now triggering a follow through double bottom sell, after forming a bull trap, indicating that buyers are now trapped at higher levels. Given the overall established bearish trend in the broader market, DIXON offers a promising opportunity to enter early into a stock, which indicates a trend reversal.(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.)
