Market expert Raja Venkatraman, co-founder of NeoTrader, has recommended three stocks for trading on April 23, 2026. According to his analysis, the strong push to the upside did not sustain as profit booking stepped in, but the mood remains optimistic. The best approach is to combine a multiday and intraday approach to capitalise on market momentum.
SJVN Ltd is recommended as a multiday trade with a current market price of ₹80.85. As reported by NeoTrader, the stock has been declining for the past 9 months but shows strong bullish signals with a Kumo cross indicating fresh buying. The recommended buy level is above ₹81 with a stop loss at ₹76.50 and target price of ₹91 for a two-month period. The stock has a P/E ratio of 32.82 and 52-week high of ₹107.50 with technical support at ₹75 and resistance at ₹125.
Sterling and Wilson Renewable Energy Ltd (SWSOLAR) is recommended as a multiday trade with a current market price of ₹218.65. According to NeoTrader, the company has secured major orders worth ₹3,550 crore, including a significant 875MW solar project from Coal India in Rajasthan. The recommended buy level is above ₹220 with a stop loss at ₹207 and target price of ₹241 for a two-month period. The stock has a 52-week high of ₹348.90 with technical support at ₹201 and resistance at ₹265.
Triveni Engineering and Industries Ltd is recommended as an intraday trade with a current market price of ₹411.40. As reported by NeoTrader, the stock has shown strong volatility with prices swinging rapidly over the last six months. The recommended buy level is above ₹415 with a stop loss at ₹390 and target price of ₹461. The stock has a P/E ratio of 29.99 and 52-week high of ₹468.20 with technical support at ₹380 and resistance at ₹478.
According to market reports, Indian equity benchmarks reversed their three-day winning streak on April 22, 2026, slipping nearly 1% as weakness in IT heavyweights and lingering geopolitical uncertainty weighed on sentiment. The Sensex tumbled over 250 points at the start and the Nifty slid below the 24,500 mark, with the Nifty ending 198.5 points lower at 24,378.10. The session highlighted investor caution, with selective buying in FMCG, realty, and metal counters helping limit the damage.
