Kunal Kamble of Bonanza has issued buy recommendations for three stocks based on technical analysis. According to reports from Business Standard, the analyst suggests Siemens Energy India, Supriya Lifescience, and Exide Industries as potential investment opportunities. The recommendations are based on technical breakouts and momentum indicators across different time frames.
Siemens Energy India has delivered a decisive breakout above the crucial ₹3,600 resistance zone, indicating continuation of the broader bullish trend on the daily chart. As reported by Business Standard, the stock is trading firmly above all key moving averages, with short-term EMAs positively aligned above long-term averages, confirming strong momentum and trend strength. The breakout is supported by a sharp rise in volumes, highlighting aggressive buying participation, with RSI moving above 70 reflecting powerful momentum.
Supriya Lifescience is exhibiting a strong bullish breakout setup on the weekly chart after decisively moving above the long-term descending trendline resistance near ₹790–800. According to the analysis reported by Business Standard, the stock is trading firmly above its key moving averages, reflecting sustained strength in the broader trend structure. RSI has sharply risen above 65, indicating strong momentum and renewed buying interest after a prolonged consolidation phase.
Exide Industries has delivered a strong breakout from a large rounding bottom formation, indicating a major trend reversal on the daily chart. As reported by Business Standard, the stock has decisively crossed a key resistance zone with sharp expansion in volumes, reflecting strong participation and aggressive buying momentum. Price action remains firmly above all major moving averages, confirming positive trend across multiple time frames after a prolonged consolidation phase.
The analyst has provided specific buy ranges, stop-loss levels, and target prices for each stock. According to Business Standard, Siemens Energy India has a buy range of ₹3,766 with a stop-loss at ₹3,430 and target of ₹4,400. Supriya Lifescience has a buy range of ₹807 with stop-loss at ₹758 and target of ₹907. Exide Industries has a buy range of ₹394 with stop-loss at ₹365 and target of ₹442. The recommendations are based on technical breakouts and momentum indicators across different time frames.
