Stocks to buy for the long term: The domestic stock market remains rangebound between 24,000 and 24,400 amid lingering concerns over the US-Iran conflict, higher oil prices, and rising US bond yields.
Even as Q1FY27 earnings season concluded ahead of expectations and valuations in select sectors have come down to fair levels, rising macro risks from the Middle East conflict are keeping the bulls on the sidelines.
However, some experts believe this is the time to buy stocks for the long term, as the market may see a healthy rebound if the US-Iran conflict is resolved, oil prices come down below $90 per barrel, and foreign investors continue their selective buying in the Indian stock market.
Om Mehra, a technical research analyst at SAMCO Securities, recommends the following five stocks to buy now for the long term:
1. PB Fintech: Mehra said PB Fintech has staged a strong recovery from its lows earlier in the year and is now trading near its recent highs around ₹1,837.
"The stock has reclaimed the ₹1,700 zone and is sustaining comfortably above its rising short-term moving average and the Supertrend support," said Mehra.
It displays multiple bullish formations on the daily chart, including a double bottom. The RSI holding above 70 reflects strong momentum; however, a cool-off toward 60 could bring a phase of consolidation before the next leg unfolds.
"On the upside, ₹1,960 remains the key hurdle to watch, and a sustained close above this level should open room toward ₹2,100 and higher over the next 6 to 12 months. The ₹1,700–1,730 band remains the preferred buy-on-dip zone for investors looking to build medium- to long-term positions," said Mehra.
2. Axis Bank: According to Mehra, Axis Bank share price is showing renewed strength as it trades near ₹1,260, comfortably above its rising short-term moving average at ₹1,230.
The stock has taken firm support in the ₹1,220 zone on multiple occasions this year, and each test has been followed by a sharp bounce, establishing a strong base that buyers continue to defend.
This bounce is backed by a clear improvement in the RSI, which has broken above its falling trendline near 45 after forming a higher low, signalling that momentum is beginning to turn in favour of the bulls.
"The ₹1,220–1,230 band remains the preferred buy-on-dip zone for investors. On the upside, ₹1,300 is the immediate hurdle, and a sustained close above this level should pave the way toward ₹1,390–1,410 and higher over the next 6 to 12 months," said Mehra.
3. Paradeep Phosphates: Mehra said Paradeep Phosphates is extending its recovery, trading near ₹160 and breaking out of the range that had capped its upward movement through the recent months.
The stock has printed a fresh higher high on this move, confirming a continuation pattern within the larger uptrend that began from the March lows, while the sharp volume upsurge on the breakout candle adds real weight to the move.
The daily and weekly RSI holding above 65 reflects strong underlying momentum, with the current reading near 71 pointing to sustained buying interest rather than a stretched, exhaustion-prone rally.
