3 technical stock picks for this week with potential upside of up to 13%

Oct 26, 2025, 01:51:09 PM IST

Indian equities ended last week on a steady note, with the Nifty 50 forming a “doji” candle and holding above key support zones, a sign of resilience in the broader uptrend. According to Axis Securities, the index is expected to trade between 25,500–26,300 with a positive bias this week. Against this backdrop, the brokerage has identified three stocks — Hindalco Industries, Can Fin Homes, and Cholamandalam Investment and Finance Company — showing strong technical momentum and potential upside of up to 13% over the next three to four weeks.

Agencies

CMP: Rs 824 | Target: Rs 877–913 | Upside: 6.4%–10.8%
Axis Securities noted that “Hindalco has registered an all-time high at 826 and confirmed a rounded bottom formation breakout at 790 levels on the weekly chart, signalling the continuation of the medium-term uptrend.” The brokerage added that momentum indicators are aligned positively, with the stock “holding above its 20, 50, 100, and 200-day SMAs” — reaffirming the bullish trend.

ANI

CMP: Rs 848 | Target: Rs 910–935 | Upside: 7.3%–10.3%
Axis Securities highlighted that “Can Fin Homes has registered a decisive breakout above an inverse Head & Shoulder formation at 818 on the weekly chart, supported by a strong bullish candle, signalling a shift in momentum.” The brokerage also pointed out that “the stock is trading well above its 20, 50, 100, and 200-day SMAs, reflecting robust underlying strength,” and that momentum indicators reinforce the bullish outlook.

ETMarkets.com

CMP: Rs 1,734 | Target: Rs 1,885–1,935 | Upside: 8.7%–11.6%
Axis Securities observed that “Cholamandalam Investment has been in a strong uptrend across all time frames, forming a series of higher tops and bottoms,” with a “decisive breakout above the multiple resistance zone.” The brokerage added that the stock’s moving averages are “inching up along with the price rise,” confirming a sustained bullish trend supported by positive RSI signals.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

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