Anand Rathi Analyst Unveils Three Promising Stock Buys for Medium-Term Gains
In a detailed technical analysis released today, April 8, 2026, Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi Shares and Stock Brokers, has identified three stocks with strong potential for upside movement. The recommendations are based on specific chart patterns and momentum indicators, offering investors actionable insights for medium-term positioning.
Birlasoft: Triple Bottom Pattern Signals Accumulation Phase
Buy Range: ₹365–₹355 | Stop Loss: ₹315 | Target: ₹470
Birlasoft (BSOFT) has been forming a substantial base on the weekly chart since April 2025, developing into a clear triple-bottom pattern. This technical formation typically indicates sustained accumulation and a potential reversal from bearish to bullish trends. The pattern is further reinforced by a three-point bullish divergence on the Relative Strength Index (RSI), which highlights strengthening underlying momentum despite relatively stable price action.
The ₹325–335 zone has consistently acted as a robust long-term support area, providing a solid foundation for the stock. A recent bullish engulfing candle near the S1 floor pivot adds conviction to this setup. With Birlasoft currently trading around ₹370, the overall structure presents a favourable risk-reward scenario for investors looking for a medium-term upward move.
Bajaj Holdings: Base Formation Emerges After Prolonged Downtrend
Buy Range: ₹9150–₹9100 | Stop Loss: ₹8600 | Target: ₹10200
Bajaj Holdings has experienced a sustained downtrend but is now showing early signs of base formation around the 8800–9000 zone. This development suggests the emergence of demand at lower levels, indicating that selling pressure is gradually being absorbed. The price has started to stabilize following a sharp decline, pointing to potential exhaustion in the downward momentum.
From a momentum perspective, a triple bullish divergence on the daily RSI highlights clear exhaustion on the downside and improving underlying strength. This technical setup points toward a potential pullback or early reversal, with a higher probability of an upside move if the stock manages to sustain above immediate resistance levels. Investors should monitor these key levels closely for confirmation of the trend change.
Gujarat Ambuja Exports Ltd: Constructive Pullback Within Established Uptrend
Buy Range: ₹146–₹140 | Stop Loss: ₹130 | Target: ₹164
Gujarat Ambuja Exports Ltd (GAEL) delivered a decisive breakout above its 50-week Exponential Moving Average (EMA) in December 2025 after a prolonged consolidation phase. This breakout signaled a significant shift toward a bullish structure, marking the beginning of a new upward trajectory.
The stock is currently undergoing a constructive pullback while continuing to trade above the Williams Alligator indicator, suggesting that the broader uptrend remains intact. This retracement appears healthy, with the RSI cooling off toward neutral levels without showing signs of weakness. This alignment between price action and momentum indicators reflects a temporary pause rather than a reversal, indicating the stock is likely preparing for the next leg of its uptrend.
Disclaimer: Recommendations and views on the stock market, other asset classes, or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India or Bharat Horizon.
