Festive-Season Stock Picks With Strong Charts: 4 Indian Shares for Investors

As the year ends, Indian markets are moving into the festive period with mixed feelings—cautious but hopeful.

Market backdrop

The Nifty index is up about 10% this year, while mid‑caps are flat and small‑caps have slipped roughly 8%. After two strong years, many stocks are now in a consolidation phase, which often precedes the next big move.

Top short‑term picks with clear technical signals

Tata Consumer Products

Current price: around ₹1,184.

• Pattern: symmetrical triangle breakout, confirming an uptrend.
• Key averages: trading above its 20‑, 50‑ and 200‑day moving averages.
• Support levels: ₹1,140 and ₹1,100.
• Target: ₹1,380 if the stock holds above ₹1,200.
• Stop‑loss: ₹1,080.

APL Apollo Tubes

Current price: about ₹1,820.

• Pattern: breakout from a long‑term range, signaling fresh bullish momentum.
• All major EMAs (20‑, 50‑, 100‑, 200‑week) are supportive.
• Resistance: ₹1,850; next goal ₹2,080‑2,100.
• Support: ₹1,685.
• Target: ₹2,100.
• Stop‑loss: ₹1,670.

Tech Mahindra

Current price: near ₹1,612.50.

• Pattern: falling trendline breakout, now forming higher highs and higher lows.
• Buying interest around ₹1,500 aligns with the 20‑week EMA.
• All long‑term averages are above the price.
• Target: ₹1,800.
• Stop‑loss: ₹1,480.

Torrent Pharmaceuticals

Current price: roughly ₹3,800.

• Pattern: bullish continuation after a retest of its breakout zone.
• Higher‑high, higher‑low structure shows steady buying.
• Support: ₹3,500.
• Target: ₹4,400 if it clears ₹3,850.
• Stop‑loss: ₹3,500.

How to use these ideas

These stocks are all trading above important long‑term averages, which suggests the uptrend could continue. If you decide to buy, consider a modest position, set a stop‑loss at the levels listed, and keep an eye on overall market sentiment.

Disclaimer

These suggestions reflect the analyst’s view, not a guarantee of performance. Always do your own research or consult a qualified advisor before investing.