As the new financial year 2026 begins, investors are on the lookout for promising stock opportunities that align with long-term growth potential. With market volatility and global economic trends influencing investment strategies, selecting fundamentally strong and technically sound stocks is crucial for sustained returns. According to Kunal Kamble, Senior Technical Research Analyst at Bonanza Group, five stocks stand out as strong investment picks for April 2025. These stocks—Fortis Healthcare, Bank of Baroda (BOB), Ambuja Cements, NHPC, and Shree Cement—have demonstrated robust technical patterns and bullish momentum, making them attractive options for investors seeking stability and appreciation.
Fortis Healthcare Ltd: Bullish Momentum and Strong Technical Setup
Recommended Buy Price: ₹833.15
Target Price: ₹1,020 – ₹1,150
Stop-Loss: ₹710
Fortis Healthcare has exhibited strong price action, trading within a rectangle pattern that signals a range-bound accumulation phase. This formation typically precedes a breakout, and Fortis has successfully closed above a Doji formation, confirming buyer dominance. Such patterns often indicate renewed upward momentum, positioning the stock favorably for a potential rally.
Additionally, the stock is trading above key Exponential Moving Averages (EMAs), reinforcing its positive trend. The Relative Strength Index (RSI) is steadily moving upward, validating continued buying interest. With a combination of technical indicators confirming strength, Fortis Healthcare is well-positioned for an uptrend, making it a compelling stock for April 2025.
Technical Insights:
Breakout from rectangle pattern indicates bullish momentum.
Trading above major EMAs reinforces positive sentiment.
RSI trend suggests sustained buyer strength.
Bank of Baroda (BOB): Strong Support and Institutional Accumulation
Recommended Buy Price: ₹231.90
Target Price: ₹280 – ₹320
Stop-Loss: ₹200
Bank of Baroda has been building a solid base at its 200 EMA level, which is a critical support area for long-term trend reversals. This level has consistently acted as a floor for price corrections, allowing the stock to regain strength. The recent weekly close above resistance confirms renewed buying interest, suggesting that the stock could experience further upward movement.
A notable increase in trading volume during the recent buying sessions indicates institutional participation, further validating the bullish outlook. The RSI has successfully broken out of its falling trendline, signaling a momentum shift, while the MACD crossover above the signal line further strengthens the case for an uptrend. These indicators collectively support the stock’s potential for continued gains in the coming weeks.
Technical Insights:
Strong support at the 200 EMA confirms stability.
Increase in trading volume indicates institutional accumulation.
RSI and MACD crossovers confirm bullish momentum.
Ambuja Cements Ltd: Trendline Breakout and Volume Expansion
Recommended Buy Price: ₹546.10
Target Price: ₹600 – ₹620
Stop-Loss: ₹510
Ambuja Cements has broken out from its falling trendline on the weekly timeframe, a key signal that suggests a shift from a downtrend to an uptrend. This breakout is significant as it has been accompanied by rising trading volume, which indicates that buyers are stepping in with conviction. Stocks that break out of such formations often attract fresh buying interest, leading to sustained rallies.
Further supporting this bullish setup, the RSI has exited its consolidation range, signaling increasing momentum that aligns with positive price action. The MACD line crossing above the signal line from below zero also indicates a trend reversal toward a more positive trajectory. Additionally, Ambuja Cements has successfully held support at the 200 EMA and closed above the 50 EMA, reinforcing a strong bullish bias.
Technical Insights:
Breakout from falling trendline suggests trend reversal.
Rising volume confirms strong buyer interest.
RSI and MACD indicate momentum acceleration.
NHPC Ltd: Base Formation and Upward Breakout Confirmation
Recommended Buy Price: ₹85.64
Target Price: ₹115 – ₹130
Stop-Loss: ₹70
NHPC has established a strong base around the ₹71 level, a key support area where demand has consistently outweighed supply. The recent breakout from this base formation suggests that the stock has entered a new bullish phase, supported by increased volume activity. This is a crucial indicator that institutional and retail investors alike are showing confidence in NHPC’s future potential.
The stock has also closed above its 50 EMA, further strengthening its bullish outlook. Additionally, the RSI has successfully broken out of its previous range, confirming upward momentum, while the MACD crossover above the signal line validates the trend shift. With these strong technical indicators in place, NHPC appears well-positioned for significant upside in the coming months.
Technical Insights:
Base formation and breakout confirm new bullish trend.
Closing above 50 EMA supports continued upward movement.
RSI and MACD signal increasing buying strength.
Shree Cement Ltd: Ascending Triangle Breakout Indicates Further Upside
Recommended Buy Price: ₹31,058
Target Price: ₹35,000 – ₹36,000
Stop-Loss: ₹29,150
Shree Cement has broken out of an ascending triangle pattern, a classic bullish continuation formation. This technical setup suggests strong price momentum, with buyers gaining control over supply. Stocks that break out from such patterns often continue their upward trajectory, making Shree Cement an attractive pick for April 2025.
The stock is currently trading above both its 20 EMA and 50 EMA, indicating sustained strength. Additionally, the RSI is positioned in the higher zone, confirming strong bullish sentiment. From a directional standpoint, the DI+ line trading above the DI- line reinforces the positive outlook. Given this setup, investors can consider a long position as long as the stock maintains support above ₹29,150, with an expected target range of ₹35,000 – ₹36,000.
Technical Insights:
Breakout from ascending triangle signals continued uptrend.
Trading above key EMAs confirms bullish strength.
RSI and Directional Index validate positive momentum.
