Three stocks to trade, recommended by NeoTrader’s Raja Venkatraman:
GODREJIND (Cmp ₹1,022.40)
Why it’s recommended: Godrej Industries Ltd is a diversified holding company under the Godrej Industries Group, founded in 1897 and headquartered in Mumbai. It operates in oleochemicals, while holding major stakes in subsidiaries. After spending nearly 7 months in a declining phase, the stock lost all its sheen. In the recent revival a sharp thrust above the value area the all through the year 2026 and in last few days in April 2026 the prices revived. The steady support at the TS & KS bands and the reversal gathered steam on Wednesday, post the results. A promising long body candle to end the previous trading session, despite some market sell-off, indicates some genuine buying interest. Go long.
Key metrics:
52-week high: ₹1,391.50,
Volume: 15.43M
Technical analysis: Support at ₹325 | Resistance at ₹440.
Risk factors: High debt levels, interest coverage concerns.
Buy: Above ₹1,025.
Stop loss: ₹975.
Target price: ₹1,150 (Two months)
AJANTAPHARM (Cmp ₹3,096.30)
Why it’s recommended: Ajanta Pharma is a Mumbai-based speciality pharmaceutical company, founded in 1973, that specialises in developing and manufacturing branded generics and generic medicines. After the recent reaction, we can note that the steady rounding pattern in the value area support around 2760-2800 is continuing to lend support to the breakout, which is now leading to the TS & KS bands heading higher. The strong thrust has led to a strong breakout above the cloud region, forming a nice rounding pattern revival. A strong long body candle augurs well for some upside if the market retains some positive momentum. A rise in the RSI above the 60 level indicates we can look to initiate a long opportunity here, targeting higher levels. Go long now.
Key metrics:
P/E: 40.82,
52-week high: ₹3,158.20,
Volume: 758.18K.
Technical analysis: Support at ₹2,950 | Resistance at ₹3,400.
Risk factors: Heavy dependence on the US market, regulatory compliance, and pricing pressures.
Buy: Above ₹3,105
Stop loss: ₹2,980
Target price: ₹3,375 (Two months)
LTF (Cmp ₹300.30)
Why it’s recommended: L&T Finance Ltd is a leading, top-rated Non-Banking Financial Company (NBFC) in India, focused on providing a wide range of financial products and services. The steady rise since April 2026, a reaction that found support in the cloud region, has driven volumes higher, combined with the rising RSI, indicating no let-up in momentum. A break above 980 was a key event that is now initiating us to go long.
Key metrics:
P/E Ratio: 26.26
52-week high: ₹1,028.42
Volume: 8.85M
Technical analysis: Support at ₹278 | Resistance at ₹340.
Risk factors: Risks primarily tied to its retail-heavy, rural-focused lending portfolio, high debt, and reliance on parent support.
Buy: Above ₹302.
Stop loss: ₹288.
Target price: ₹331.
