Technical Analysis

Stocks to buy today, April 6, 2026: Kunal Kamble of Bonanza Portfolio recommends buying Ganesha Ecosphere, Sportking India, and Avenue Supermarts (DMart); here's why

Vedanta and Adani group are involved in an intense battle to acquire assets of insolvent Jaiprakash Associates. Technically, Vedanta stock seems to be favourably placed on charts, says Bonanza analyst

Muthuselvaraj, technical analyst at Mirae Asset Sharekhan believes that the overall chart structure for Nifty remains bullish as long as the index holds above 21,750 levels.

A positive RSI divergence, in general, is considered a bullish technical signal. Tech analysts expect Nifty to target 23,800 levels on the upside.

Nifty's historical chart shows presence of an unfilled gap around the 20,300 level formed in December 2023; here is what tech analysts have to say.

The West Asia conflict has changed the bullish narrative around Gold. High oil prices, US recession-cum-inflationary fears, and fading Fed rate cut bets weigh on the sentiment, says YES Securities.

Global markets were down over 1% in Thursday's early trade amid escalating West Asia tensions, and fresh spike in crude oil prices. GIFT Nifty hints at a near 500-point gap-down start for the Nifty.

Kunal Kamble, technical analyst at Bonanza expects Adani Power to test ₹200 on the upside in the long-term, and Adani Energy Solutions to test ₹1,400 levels.

Nifty 50 Index: A recent note by SAMCO Securities suggests that on an average the Nifty 50 index has bounced back by 3.4 per cent in the week after an over 5 per cent fall in the last 15 years.

Kunal Kamble, technical analyst at Bonanza helps decode a trading strategy in oil & gas related stocks as Crude Oil prices surge to a multi-year high around $119 per barrel on Monday.

The Nifty has shed over 9% so far this year. Anand James of Geojit warns that the NSE benchmark could dip toward 22,000 or all-the-way to 19,000-mark in case it breaks the key support at 23,535 levels

Mazagon Dock, Concor, IRCTC, DLF and SRF can bounce back from oversold levels owing to a positive divergence on the RSI indicator, explains Muthuselvaraj, technical analyst at Mirae Asset ShareKhan.

Any impact on the oil infrastructure in case of a prolonged war could see the Nifty drop to 23,500 - 23,700 levels," says U R Bhat, co-founder & director of Alphaniti Fintech.

On the upside, the 25,350-25,500 band now acts as a key resistance area for the Nifty, according to Ponmudi R, CEO of Enrich Money, a SEBI-registered online trading and wealth tech firm

The Nifty can test 24,400 levels on the downside; MidCap, SmallCap indices can fall up to 7 per cent, cautions Kunal Shah, Senior Technical Analyst of Mirae Asset ShareKhan.

PSE stocks have rallied up to 19% thus far in CY26, and up to 45% so far in FY26. Anand James of Geojit Investments expects BPCL, IOC and PFC to gain another 10% from current levels.

The IT index decline gathered pace after it broke down from a Head and Shoulders pattern on the weekly chart - a classic signal of a structural trend reversal, explains Sachin Gupta of Choice Broking.

Drumil Vithlani, Technical Analyst at Bonanza, decodes trading strategy in IDFC First Bank, AU SFB following the recent adverse stock reaction on the NSE.

Here's why technical analysts at Kotak Securities and Bonanza are bullish on Trent, Tata Steel, Titan and Voltas. Tata Sons board meet on Tuesday, February 24.

Stocks to buy: Choice Equity Broking Technical Research Analyst Aakash Shah suggests Netweb Technologies, IDBI Bank, and SBI Life Insurance Company for buying