Anand Rathi Recommends NLC India, Deepak Nitrite, Hindustan Copper

Mehul Kothari, DVP – Technical Research at Anand Rathi Shares, has identified three top stock recommendations for September 2, 2026. These picks include NLC India, Deepak Nitrite, and Hindustan Copper, based on their technical analysis.

NLC India: Support and Divergence

NLC India is advised for purchase within the Rs 273–277 range. The stock currently trades near its historical demand zone of Rs 265–270, a level consistently attracting buying interest.

• Buy Range: Rs 273–277
• Stop Loss: Rs 255
• Target Prices: Rs 305 and Rs 315

A bullish divergence observed in the Relative Strength Index (RSI) suggests that despite recent price weakness, the downside momentum lacks confirmation for a significant decline, indicating a potential reversal and recovery from this support.

Deepak Nitrite: Bullish Momentum

Deepak Nitrite is recommended for buying between Rs 1,790–1,810. The stock maintains a strong positive long-term trend, trading above its 200-Day Moving Average (DMA) at Rs 1,633.

• Buy Range: Rs 1,790–1,810
• Stop Loss: Rs 1,690
• Target Prices: Rs 1,965 and Rs 2,020

Its position above the Ichimoku Cloud further reinforces a bullish price structure and underlying strength. The RSI (14) at 62.27 confirms positive momentum, supported by a consistent higher-high, higher-low structure in recent price action.

Hindustan Copper: Consolidation and Upside

Hindustan Copper is recommended for buying within the Rs 530–520 range. The stock has shown a robust recovery from the Rs 480–500 zone, maintaining a broader higher-high, higher-low pattern.

• Buy Range: Rs 530–520
• Stop Loss: Rs 495
• Target Price: Rs 620

Currently undergoing consolidation after a sharp upward movement, the Rs 520–525 zone serves as crucial support. Trading above its 50-EMA (Rs 524.18) and 100-EMA (Rs 517.62), with the 20-EMA at Rs 538.47, the positive broader trend persists as long as it stays above Rs 520–525. The RSI (14) at 50.15 suggests a healthy momentum reset, allowing for potential further upside.

These technical recommendations from Anand Rathi Shares provide specific entry and exit points for traders considering positions in these three Indian equities.