Technical stock picks: Airtel, ABB Power, Astral, Ion Exchange and other stocks analysts recommend now

Ion Exchange (India): The stock began an upmove on the daily chart from Rs 1,186 in April 2021, forming higher tops and higher bottoms and scaling a peak of Rs 2,947 in July 2021. That move was followed by a corrective fall, with the stock making a low of Rs 2,011 in August 2021 and then moving in a tight range. One can buy Ion Exchange shares in the range of Rs 2150-1,960-1,850 for targets of Rs 2,600, Rs 2,800 and Rs 3,200 with a stop loss at Rs 1,600. (Analyst: Bharat Gala, Ventura Securities)

Vinati Organics: The stock has been following an uptrend with momentum indicators MACD and RSI looking positive. One can buy Vinati shares above Rs 2,015 for a target of Rs 2,250 with a stop loss at Rs 1,800. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

Garden Reach Shipbuilders & Engineers: The stock has confirmed a strong breakout with good volumes recently from its multi-year triangle pattern. Buying on declines is recommended for a short-term target of Rs 298 with a stop loss at Rs 238. (Analyst: Sameet Chavan, Angel One)

Astral: The stock appears to be trading near the lower band of an ascending channel, and is expected to continue bullish movement from the support level. Indicators MACD and RSI are looking positive for Astral. Buying is recommended above Rs 2,350 for a target of Rs 2,650 with a stop loss at Rs 2,050. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

UPL: The stock has taken support at its 200-day exponential moving average line, after retracing important support at the Rs 700 mark following a breakout. Buying is recommended above Rs 790 for a target of Rs 870 with a stop loss at Rs 690. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

Bata India: The stock has retested the level of an ascending channel after a breakout, with support at a 40-day exponential moving average. Momentum indicators MACD and RSI are suggesting positive movement in the stock. One can buy the Bata India stock above Rs 2,190 for a target of Rs 2,350 with a stop loss at Rs 1,995. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

Bharti Airtel: The stock appears to be in an uptrend with a breakout expected above Rs 740. Momentum indicators MACD and RSI and hinting at a further upside in the stock. One can buy the stock above Rs 745 for a target of Rs 800 with a stop loss at Rs 692. (Analyst: Vijay Dhanotiya, CapitalVia Global Research)

ABB Power Products and Systems: The stock appears to be in an intermediate uptrend, having made higher tops and higher bottoms for several months. After consolidating in the Rs 2,260-2,400 range, the stock has broken out with above-average volumes. Technical indicators are giving positive signals as the stock trades above the 20- and 50-day simple moving averages. One can buy ABB Power Products shares in the range of Rs 2,380-2,463 for targets of Rs 2,656 and Rs 2,850 with a stop loss at Rs 2,270. (Analyst: Subash Gangadharan, HDFC Securities)

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