Stock to buy: Granules, Orob

Granules India is showing a positive technical structure, with the price holding above key moving averages, indicating strengthening bullish momentum. The stock has formed a higher high-high low structure, supported by a rising trend line, suggesting continuation of the bullish trend. Recent consolidation near resistance indicates accumulation rather than distribution. The 50 EMA and 100 EMA are acting as strong dynamic support, while the RSI is trending above the midline, indicating improving buying strength. A breakout above the immediate resistance zone could trigger fresh upside.

Wheels India is exhibiting strong bullish momentum with the price breaking above a key resistance zone, indicating a possible trend continuation. The stock is trading above all major moving averages, indicating a well-established uptrend supported by higher highs and higher lows. The breakout is supported by strong price action, indicating fresh buying interest. Additionally, the RSI is trending in the bullish zone, which suggests strengthening momentum without immediate signs of exhaustion. The rising trend line further supports the positive structure.

Aurobindo Pharma is showing a strong bullish sentiment, with prices breaking out of a long-term consolidation and turning down the trendline, indicating a possible trend reversal. The stock is trading above key moving averages, which are now becoming supportive and indicating recovery momentum. The formation of higher highs and higher lows suggests strengthening price structure. Additionally, the RSI is trending above the midline, indicating continued buying interest. A breakout above the resistance zone confirms bullish sentiment and opens the door for continued upside.

(Disclaimer: This article is by Kunal Kamble, Senior Technical Research Analyst, Bonanza. Views expressed are his own)