In a period of increasing volatility across broader equity markets, several prominent domestic brokerage firms have issued recommendations for select stocks poised for short-term gains. SMC Global Securities, Bajaj Broking, SMIFS, and Canara Bank Securities have highlighted specific companies based on robust technical charts and parameters. Investors seeking opportunities for quick returns may consider these expert picks.
Asahi India Glass
Recommendation: Buy
Target Price: Rs 1,045-1,055
Stop Loss: Rs 890
SMC Global Securities notes that Asahi India Glass is exhibiting a bullish ascending triangle formation on its daily chart. This pattern is characterized by a horizontal resistance near Rs 950 and a rising trend line connecting higher lows. A recent breakout above Rs 950, supported by an improving Relative Strength Index (RSI) and a positive Moving Average Convergence Divergence (MACD) crossover, indicates strong buying momentum. Sustained trading above this breakout zone could propel the stock towards Rs 980–1,000, then Rs 1,020-1,050. The rising trend line offers support around Rs 890–900, with Rs 920–930 acting as intermediate support. Investors are advised to accumulate the stock in the Rs 955-965 range.
Biocon
Recommendation: Buy
Target Price: Rs 472
Stop Loss: Rs 384
According to SMIFS, Biocon Ltd has experienced a significant breakout from its prior consolidation zone and is now consolidating near this breakout or support area. The stock appears to be absorbing supply post-breakout, maintaining a positive broader structure. This current consolidation at the support level offers an accumulation opportunity on dips, provided the stock holds above its key support. A fresh move past the recent consolidation range could trigger the next phase of an uptrend. The bullish setup remains intact as long as Biocon maintains above Rs 384 on a closing basis, with potential upside towards Rs 470.
Apollo Micro Systems
Recommendation: Buy
Target Price: Rs 430
Stop Loss: Rs 370
Bajaj Broking Research indicates that Apollo Micro Systems Ltd is forming a higher base around its 50-day Exponential Moving Average (EMA) and the 50 percent retracement level of its previous upward move. This offers a fresh entry opportunity with a favorable risk-reward profile. The stock took seven weeks to retrace just 50 percent of its prior seven-week rally from Rs 283 to Rs 466, signifying underlying strength and a higher base formation. The stock is anticipated to move towards Rs 430, coinciding with the 61.8 percent retracement level of its recent decline. A bullish crossover in the daily 14-period RSI further reinforces the positive bias.
Happiest Minds Technologies
Recommendation: Buy
Target Price: Rs 510-515
Stop Loss: Rs 380
SMC Global Securities reports that Happiest Minds is showing signs of a bullish structural shift on its daily chart, forming an ascending triangle after an extended consolidation phase. The Rs 425–430 zone has previously acted as a strong supply area, while a rising trend line reflects increasing buying interest and consistent higher-low formations. A recent breakout above this resistance, coupled with an attempt to reclaim the 200-DMA, adds credibility to the positive outlook. If the stock sustains above Rs 430, the breakout could gain momentum, pushing prices higher. Immediate support lies around the Rs 400–405 zone. Investors are advised to accumulate on dips in the Rs 430-435 range.
CRISIL
Recommendation: Buy
Target Price: Rs 4,769-4,921
Stop Loss: Rs 4,170
Canara Bank Securities highlights that CRISIL Ltd has broken out from a downward-sloping channel and retested its breakout levels, signaling positive momentum. The price has moved above all major moving averages, indicating improved momentum and a strengthening trend structure. CRISIL is sustaining above the key Rs 4,561 breakout zone. If this level holds on a closing basis, the next major resistance is likely around Rs 4,769, coinciding with previous swing highs and psychological resistance. The RSI is near the high zone (around 57), reflecting strong momentum, though slightly overheated short-term. Volume expansion during the breakout phase confirms the move. Sustaining above Rs 4,769 could keep momentum towards Rs 4,921 and potentially higher levels, with immediate support shifting to Rs 4,409.
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.