Market Trading Guide: Buy Aster DM, AU SFB on Monday for up to 8% near-term gains

Apr 26, 2026, 02:44:59 PM IST

Nifty ended lower on Friday, dragged mainly by IT stocks, while pharma, healthcare and energy stocks also remained under pressure. The past three sessions have been highly volatile, with the index witnessing a sharp decline amid renewed US-Iran tensions.
Decoding the charts, Rupak De, Senior Technical Analyst at LKP Securities, said the index faced resistance near its 100-day EMA on the daily chart, which capped the rally and triggered fresh selling, dragging it below the 24,000 mark. The broader setup now appears bearish, with Nifty likely to drift towards 23,500. However, he added that 24,200 remains an immediate resistance level, and a move above it could help improve market sentiment.
Here are 2 stocks to buy:

ETMarkets.com

Stop loss: Rs 680
Target: Rs 760
ASTERDM has given a classic cup-and-handle breakout on the daily chart, moving above key resistance at Rs 695. The stock is trading above its 20-day EMA, supported by a rising RSI (57), indicating strengthening bullish momentum. A recent spike in volumes confirms the breakout, signalling strong accumulation and potential upside towards previous highs.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)

ETMarkets.com

Stop loss: Rs 1,020
Target: Rs 1,150
AU Small Finance Bank has delivered a decisive multi-month range breakout on the weekly chart, hitting all-time highs with strong volume expansion. The RSI has entered the bullish zone (above 60), reflecting robust trend strength. With the price sustaining above the earlier resistance-turned-support of Rs 1,030, the outlook remains positive for further gains.
(Kunal Kamble, Sr. Technical Research Analyst, Bonanza Portfolio)
(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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