According to Kunal Kamble, senior technical research analyst at Bonanza Portfolio, three stocks have been identified as attractive investment opportunities based on technical analysis. The recommendations include Northern Arc Capital, Central Depository Services (India), and Knowledge Marine & Engineering Works.
As reported by Bonanza Portfolio, Northern Arc Capital has confirmed a decisive breakout above its key horizontal resistance zone, supported by a strong bullish candle and increased trading volumes. The stock continues to trade comfortably above its 20, 50, 100 and 200-day moving averages, highlighting a strong bullish trend across multiple timeframes. The RSI has moved above the 60 mark with a positive crossover, reflecting strengthening momentum while supporting further upside potential. The breakout from the recent consolidation phase signals continuation of the prevailing uptrend, with a buy range of ₹325, stop loss at ₹309, and target of ₹358.
According to the analysis, Central Depository Services (India) has delivered a decisive breakout above a key horizontal resistance level, supported by a strong bullish candle and notable surge in trading volumes. The stock has reclaimed its 20, 50, and 100-day moving averages and is approaching the 200-day EMA, reflecting significant improvement in its technical structure. Momentum indicators remain supportive, with the RSI rising above 60 and maintaining a positive crossover, signalling strengthening bullish momentum. The breakout from the prolonged consolidation phase suggests potential for trend continuation, with a buy range of ₹1,432, stop loss at ₹1,354, and target of ₹1,602.
As reported by Bonanza Portfolio, Knowledge Marine & Engineering Works has delivered a decisive breakout above the recent consolidation range and descending trendline, supported by a strong bullish candle and healthy trading volumes. The stock continues to trade comfortably above its 20, 50, 100 and 200-day moving averages, reinforcing a well-established uptrend across multiple timeframes. Momentum indicators remain constructive, with the RSI holding above 60, reflecting sustained bullish strength without entering an extreme overbought zone. The breakout suggests fresh accumulation by market participants, with a buy range of ₹2,413, stop loss at ₹2,272, and target of ₹2,700.
