Technical analyst Kapil Shah from Emkay Global has identified Authum Investment & Infrastructure Ltd. (AIIL) and APL Apollo Tubes Ltd. as top stock picks for positional investors. According to Shah's analysis, both stocks are showing favorable technical setups with attractive risk-reward opportunities for medium-term gains. Shah emphasized that AIIL is displaying a constructive technical setup after undergoing a healthy consolidation over the past several months, with the stock successfully reclaiming and sustaining above its 20, 50, 100, and 200-day EMAs, indicating that the intermediate trend has turned positive.
AIIL is displaying a constructive technical setup after undergoing a healthy consolidation over the past several months. As reported by Shah, the stock has successfully reclaimed and sustained above its 20, 50, 100, and 200-day EMAs, indicating that the intermediate trend has turned positive. The convergence of these moving averages near the ₹510–530 zone is expected to provide a strong demand base on any pullback. Price has moved above the key resistance around ₹512, which had acted as a supply zone in recent months, suggesting a transition from consolidation to the next leg of the uptrend. The recent improvement in volumes further strengthens the validity of the breakout, according to Shah's analysis.
According to Shah's analysis, momentum indicators are supportive with the 14-day RSI holding above the 50 mark, reflecting improving buying momentum without entering overbought territory. The recommended buy range is ₹550-530 with a stop loss at ₹498 below the recent swing low and key moving average cluster. On the upside, the stock has potential to revisit its previous swing high and extend towards the ₹660 level, offering a favorable risk-reward ratio for positional investors. Shah noted that from a risk-reward perspective, accumulating the stock in the ₹550-530 range offers an attractive setup with room for further upside without entering overbought territory.
APL Apollo is witnessing a healthy correction within its long-term uptrend after retracing nearly 23% from its recent swing high. As reported by Shah, the stock has approached the previous breakout zone around ₹1,780-1,740, which is expected to act as a strong demand area. The current price action indicates that selling pressure is gradually fading, with the stock stabilising above this key support band. On the weekly chart, the correction appears to be corrective rather than impulsive, suggesting profit booking instead of a structural trend reversal, according to Shah's analysis. The formation of higher lows from the support zone reflects renewed buying interest at lower levels, with the stock historically respecting this support zone and resuming its primary uptrend after similar intermediate corrections.
From a technical perspective, accumulating in the ₹1,850-1,780 range allows participation near a well-defined support area while limiting downside risk. Shah recommends a stop loss at ₹1,760, placed below the support zone, to protect against a breakdown and invalidation of the bullish structure. On the upside, a sustained move above the recent consolidation can trigger a fresh momentum rally toward ₹2,130, which coincides with the previous swing high and represents the next major resistance. The setup favors positional investors looking to capitalise on a continuation of the long-term bullish trend, with the stock's stabilisation above the key support band indicating strengthening technical positioning.
