Mumbai, India – October 28, 2026 – Indian equity markets concluded a choppy trading session largely flat today, influenced by elevated crude oil prices and investor caution ahead of upcoming US Federal Reserve policy announcements and mid-term elections. Amid this environment, Vaishnavi Jagtap, Senior Technical Research Analyst at Axis Direct, has identified three stocks poised for significant trading activity: Anand Rathi Wealth, Cohance Lifesciences, and Whirlpool of India.
Anand Rathi Wealth: Sustained Bullish Momentum
Anand Rathi Wealth Ltd. is currently exhibiting a strong uptrend, characterized by a consistent pattern of higher tops and bottoms. The stock has successfully breached its multi-resistance zone of Rs 2,230-2,240 on a closing basis, signaling robust bullish sentiment. It trades comfortably above its 20, 50, 100, and 200-day Simple Moving Averages (SMAs), which are also rising in tandem with the price. Daily, weekly, and monthly Relative Strength Index (RSI) indicators remain in favorable territory, reinforcing strength across all timeframes.
- Recommendation: Buy, Hold, Accumulate
- Target Price: Rs 2,320-2,355
- Stop Loss: Rs 2,210
- Downside Support: Rs 2,222-2,200
Cohance Lifesciences: Breakout After Consolidation
Formerly known as Suven Pharmaceuticals Ltd., Cohance Lifesciences has been in a six-week consolidation phase. However, a recent upmove has enabled the stock to surpass its crucial resistance level of Rs 474 on a closing basis. This breakout was accompanied by a significant surge in trading volumes, indicating increased market participation. A daily Bollinger band buy signal further points to rising momentum. Similar to Anand Rathi, Cohance is well-positioned above its key SMAs, with RSIs across all timeframes suggesting favorable conditions.
- Recommendation: Buy, Hold, Accumulate
- Target Price: Rs 510-555
- Stop Loss: Rs 455
- Downside Support: Rs 460-450
Whirlpool of India: Technical Turnaround Signals Strength
Whirlpool of India has demonstrated a notable technical turnaround this week, successfully recapturing its 20, 50, 100, and 200-day SMAs. The stock decisively broke above a 5-6 week downward-sloping trendline on an intraday basis, supported by a substantial increase in trading volumes. On the momentum front, a positive divergence in the weekly RSI suggests emerging strength at lower price levels, while both daily and weekly RSIs remain in positive territory, confirming the bullish trajectory of its rally.
- Recommendation: Buy, Hold, Accumulate
- Target Price: Rs 910-970
- Stop Loss: Rs 785
- Downside Support: Rs 800-773
Disclaimer: This information is provided for educational and informational purposes only and does not constitute investment advice. Readers should consult with a qualified financial advisor before making any investment decisions. Stock market investments are subject to market risks.