Motilal Oswal Financial Services has issued technical buy recommendations for Divi’s Laboratories, HAL, and Sona BLW Precision Forgings for September 9, 2026. The calls come as the Nifty remains under pressure, with the analyst pointing to momentum breakouts despite broader market weakness.
Brokerage firm Motilal Oswal Financial Services (MOFSL) has identified Divi’s Laboratories, Hindustan Aeronautics (HAL), and Sona BLW Precision Forgings as potential technical 'buy' candidates for trading on September 9, 2026. These recommendations focus on short-term price momentum and chart patterns rather than long-term fundamental analysis.
The broader market environment remains cautious. The Nifty index has been forming a series of lower highs and lower lows, indicating selling pressure. The index is currently struggling to maintain levels above 23,700, and analysts have warned that further downside could continue if this level is not reclaimed. In such a volatile market, these stock-specific calls are intended for traders looking to capture short-term movements.
Divi’s Laboratories Technical Setup
Divi’s Laboratories was recommended at a market price of ₹9,575. The analyst set a target of ₹10,000 and a stop-loss at ₹9,300. The bullish case for the stock is built on its position near all-time highs and its ability to hold support near the 10-day exponential moving average. Additionally, strength in the Nifty Pharma index is seen as a supporting factor for the stock’s performance.
HAL Momentum Indicators
Hindustan Aeronautics (HAL) was highlighted at a price of ₹5,031, with a target of ₹5,300 and a stop-loss at ₹4,880. The recommendation follows a period of 12 sessions of consolidation, from which the stock has now broken out. Increased trading volumes and the stock’s tendency to perform better than the broader market are the key reasons cited for the positive technical outlook.
Sona BLW Precision Forgings Outlook
Sona BLW Precision Forgings was suggested at ₹804, with a target price of ₹850 and a stop-loss at ₹775. The analyst noted that the stock has formed a base around the ₹770 level following a recent correction. The current setup, which includes a range breakout and a rising Relative Strength Index (RSI), suggests that momentum may be shifting in favor of the buyers.
Market Context and Risks
It is important for investors to note that these recommendations are based on technical momentum during a period of market fragility. The Bank Nifty has also shown signs of weakness after breaking down from a 30-session range, adding to the cautious sentiment. Given the current market structure, technical trades carry higher risk, and failure to maintain the identified support levels or stop-losses could lead to rapid reversals. Investors may monitor the Nifty's stability around the 23,700 level, as sustained index weakness can often override individual stock momentum.