Ganesh Dongre’s 3 Stock Picks for Monday

Ganesh Dongre’s 3 Stock Picks for Monday: JSW Steel, CAMS and RVNL in Focus

Summary: Anand Rathi Analyst Favors a Buy-on-Dips Strategy

Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi, has recommended JSW Steel, Computer Age Management Services (CAMS) and Rail Vikas Nigam (RVNL) as three stocks to buy for Monday, August 24, 2026. His recommendations come as the Nifty 50 remains in a consolidation phase amid geopolitical uncertainty, elevated crude oil prices and global market volatility.

Description

• JSW Steel: Dongre recommends buying the stock in the ₹1,285–₹1,295 range, with a target price of ₹1,345 and a stop-loss at ₹1,265.

• Computer Age Management Services (CAMS): The technical analyst has given a buy call in the ₹450–₹455 range, with a target of ₹470 and a stop-loss of ₹435.

• RVNL: Dongre recommends buying Rail Vikas Nigam shares around ₹225–₹228, with a target price of ₹240 and a stop-loss of ₹218.

• Nifty outlook: Dongre sees 24,500–24,600 as an important resistance zone, while immediate support is placed around 23,900–24,000.

• Trading strategy: The analyst continues to favour a buy-on-dips approach, provided the broader support structure remains intact.

• Market risks: US-Iran and broader Middle East developments, crude oil prices and global market cues remain important near-term triggers.

Key Highlights

1. JSW Steel: Buy ₹1,285–₹1,295 | Target ₹1,345 | Stop-loss ₹1,265.

2. CAMS: Buy ₹450–₹455 | Target ₹470 | Stop-loss ₹435.

3. RVNL: Buy ₹225–₹228 | Target ₹240 | Stop-loss ₹218.

4. Nifty support: 23,900–24,000.

5. Nifty resistance: 24,500–24,600.

6. Key breakout: A sustained close above 24,800 could strengthen the broader bullish setup.

7. Bank Nifty: 57,000 is a key psychological support, while 58,000–58,500 remains the crucial resistance zone.

Bottom line: Dongre views the recent market weakness as a phase of consolidation rather than a structural trend reversal. His three technical picks—JSW Steel, CAMS and RVNL—could remain on traders’ radar, with strict adherence to the suggested stop-loss levels being important. These are analyst recommendations for educational purposes and should not be treated as guaranteed-return calls.