Tech picks: Anand Rathi, Cyient among 5 stocks to buy for up to 18% returns in short term
Markets witnessed a sharp correction during the holiday shortened trading week, with benchmark indices declining in each of the four sessions amid geopolitical concerns and heightened uncertainty. The sustained weakness indicates that the previous week’s recovery has lost momentum, with investors becoming increasingly selective amid global uncertainties and the ongoing corporate earnings season. Corporate earnings will remain a key driver, with TVS Motor, Asian Paints, Trent, Sun Pharma, Bharat Electronics, Indian Oil, Bank of Baroda and GAIL India, among others, scheduled to announce their results.
Anand Rathi has witnessed a strong rebound from its 100-DEMA, aligning with a previous consolidation zone, and has reclaimed all key EMAs, signalling strengthening bullish momentum. The stock has demonstrated relative outperformance within its sector, highlighting its underlying resilience. The recent resurgence reinforces the positive technical outlook, with the counter trading near its lifetime high zone. Additionally, an ascending trendline breakout in the RSI further strengthens the bullish bias and momentum outlook.
JSW Cement has entered a phase of firm consolidation following a sharp corrective move from the 142 zone, indicating the possibility of a trend reversal from oversold levels. The stock has reclaimed its 20-DEMA after an extended corrective phase, signalling improving price momentum. Additionally, the 14-day RSI has staged a U-turn from oversold territory, a pattern that has historically coincided with meaningful rebounds. This technical setup presents a potentially attractive risk-reward opportunity, subject to sustained momentum and confirmation.
Firstsource Solutions has maintained a sustained uptrend since the beginning of the current fiscal year and is currently trading above all its key EMAs on the daily charts, reflecting robust underlying momentum. The formation of successive higher bottoms further reinforces the bullish price structure. Recent positive crossovers among multiple EMAs indicate strengthening trend dynamics. Additionally, both MACD and RSI remain positively positioned, with bullish crossovers and comfortable levels above the zero line, supporting the likelihood of continued upward momentum.
Cyient demonstrates a decisive horizontal resistance breakout above recent consolidation on the daily chart, surging to Rs 1,233.00 (+7.81%). Trading comfortably above its key 20/50/100/200 EMAs with massive volume expansion and a bullish RSI rising past 66.70, the setup confirms accelerated upside momentum toward Rs 1,350.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Ipca Laboratories Limited demonstrates a strong falling trendline breakout on the daily chart, advancing to Rs 1,953.30 (+2.62%). Holding firmly above its key moving average cluster with supportive trading volume and a bullish RSI recovery crossing past signal lines to 54.92, the setup confirms accelerated upside momentum toward Rs 2,130.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.