According to Choice Equity Broking technical analyst Aakash Shah, three stocks have emerged as strong buy recommendations for portfolio consideration. The recommendations are based on technical analysis showing bullish momentum and favorable chart patterns across different sectors.
As reported by Choice Equity Broking, India Cements has regained bullish momentum after rebounding from its long-term rising trendline, supported by the 100-week EMA at ₹360.48. The stock achieved a 7.83% weekly gain and closed at ₹410.30, while also reclaiming its 50-week EMA at ₹387.04. The technical setup shows the 14-week RSI at 55.05, reflecting improving buying strength after consolidation, with a breakout above the recent consolidation range supported by healthy volumes.
According to the analysis, Asian Paints continues displaying positive technical setup following a sharp rally from the ₹2,150 zone, accompanied by healthy consolidation within a flag pattern. The stock has found strong support near ₹2,600, holding above its 50-day DEMA at ₹2,642.15 with further support from a bullish Golden Crossover. The 14-day RSI is gradually trending higher from 52.10, indicating improving momentum without entering overbought territory, with a sustained move above the flag pattern potentially targeting the ₹2,900 resistance zone.
As reported by Choice Equity Broking, CDSL has confirmed a strong bullish breakout on the daily chart after spending several months in consolidation. The stock has moved decisively above its long-term falling trendline as well as a key horizontal resistance zone, with current trading at ₹1,418.20 holding comfortably above the breakout level. The technical setup shows 14-day RSI at 62.46, suggesting further upside potential while remaining below overbought levels, with the previous resistance at ₹1,390 expected to act as strong support for potential movement toward the ₹1,500/1,550 zone.
