Technical picks: HDFC Life, Pidilite Industries among 5 stocks that can rally up to 20% in short term

Suryoday has reversed its recent intermediate downtrend this week. The reversal was confirmed when the stock crossed its previous intermediate high of 140 touched in April 2025. This week’s rise was also accompanied with above average volumes.

In the process, the stock has also closed above the 200 day EMA. Momentum readings like the 14-week RSI too are in rising mode and not overbought, which implies potential for more upsides in the coming sessions.

(Subash Gangadharan, Senior Technical/Derivative Analyst, HDFC Securities)

The stock had been in a consolidation phase for the past four years, with the 750–760 zone acting as a strong resistance on two prior occasions. This key hurdle has now been decisively breached, confirming a long-term breakout. Volume analysis supports the move, as strong buying interest is evident during upswings, while downswings are accompanied by lower volumes, highlighting underlying strength in the counter.

In recent times, prices have been trending steadily higher, with dips consistently finding support near the 20 DEMA. This suggests that buying interest remains intact, and we expect the positive momentum to continue.

(Rajesh Bhosale, Equity Technical Analyst, Angel One)

After forming a base near the 200DSMA, the stock has witnessed a sharp rebound and recently broken out of a symmetrical triangle pattern. This breakout is backed by a significant surge in volume, confirming a price–volume breakout. Furthermore, the stock has closed above all key moving averages, reinforcing the overall bullish sentiment. The momentum oscillator RSI has also crossed above 60, indicating strengthening positive momentum.

(Rajesh Bhosale, Equity Technical Analyst, Angel One)

The stock has given a consolidation breakout on the weekly chart, indicating a sharp rise in demand. The trend appears positive, with the price sustaining above the 21-week EMA. Additionally, the RSI on the weekly chart has formed a bullish crossover. In the short term, the stock is expected to remain strong, with potential to rise toward 62. Support is placed at 51; a break below this level could lead to a loss of momentum.

(Rupak De, Senior Technical Analyst at LKP Securities)

The stock has given a consolidation breakout on the daily chart, suggesting increased buying interest. The trend remains positive, with the price holding above the 50-day EMA. The RSI on the daily chart has also formed a bullish crossover. In the near term, the stock is expected to stay strong and may move toward 3300. Support is placed at 3030; a break below this level could result in weakening momentum.

(Rupak De, Senior Technical Analyst at LKP Securities)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)