Indian markets failed to hold early gains on Monday as sentiment weakened. Analysts now suggest five stock recommendations for Tuesday, including Astra Microwave, Manappuram, and Laurus Labs. Sachin Gupta said, "Manappuram is staging a technical rebound off its long-term base." These stocks show renewed momentum despite ongoing global economic uncertainties.
Indian markets failed to hold early gains on Monday as sentiment weakened amid a rise in the 10-year bond yield to a three-year high and continued FII outflows driven by external uncertainties. Going forward, analysts say the Middle East remains a key overhang, with continued Houthi attacks on Saudi and regional energy infrastructure keeping concerns over potential supply disruptions and elevated crude oil prices alive.
Here are 5 stock recommendations for Tuesday
Astra Microwave is attempting a breakout from a downward-sloping channel pattern on the daily chart, currently trading at Rs 1,690 after consolidating and defending its base along the 1,600–1,630 zone. The 14-period RSI has crossed back into positive territory at 53.56, indicating steadying momentum and renewed buying interest off the channel lows.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
Manappuram is staging a technical rebound off its long-term base on the daily chart, currently trading at 320 after finding support around the 308–312 zone. The 14-period RSI has curled upward to 48.75, showing a steady pickup in momentum as selling pressure subsides from recent lows. Across the moving average framework, the price has reclaimed its 20 EMA and the long-term 200 EMA, with further upside opening the way toward retesting the overhead 50 and 100 EMAs.
Sachin Gupta, VP – Technical Research at Choice Equity Broking
Laurus Labs is demonstrating strong bullish continuation on the daily timeframe, currently trading at fresh swing highs of 2,069.20 after completing a brief shallow consolidation above the 1,980–2,000 zone. The 14-period RSI sits firmly in bullish momentum territory at 64.17, turning upward to signal accelerating buying strength without reaching overbought extremes.