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Below the Stock pick to buy post budget by Sachin Gupta, Vice President – Research of Choice Equity Broking

VBL 

Buy VBL in Cash around 475-478 SL @ 455 TGT @ 500/515

VBL is showing signs of a positive turnaround after rebounding strongly from its immediate support zone near 460 and sustaining above the 100-day DMA, highlighting improving price stability and buyer confidence. The stock’s ability to hold above this key moving average indicates a shift away from the recent corrective phase.

Momentum indicators further support the bullish outlook, with the Daily RSI pulling up from lower levels, signaling renewed buying interest and the presence of bulls. Additionally, the price has moved decisively above the Ichimoku Cloud, suggesting strengthening bullish bias and improving trend structure in the counter.

On the downside, the 460 zone is expected to act as a crucial support area. Considering the improving technical setup, traders may look to initiate long positions around 468–470, with a stop loss placed below 455 and upside targets positioned at 495 and 510, while adhering to disciplined risk management practices.

PFC

Buy PFC in Cash around 378-380 SL @ 367 TGT @ 400/408

PFC is showing a positive technical setup after registering a consolidation breakout and sustaining above the 100-day EMA, indicating improving price strength and a potential shift toward a bullish phase. The stock’s ability to trade above this key moving average highlights growing buyer confidence and stability in the ongoing trend.

Adding to the positive outlook, strong volume participation has been observed over the last few trading sessions, confirming accumulation at higher levels. A trendline breakout on the daily chart further strengthens the bullish bias, suggesting that the stock may be entering a fresh upward leg.

On the downside, the 370 zone is acting as immediate support area. Considering the favorable technical structure, traders may look to initiate long positions around 378–380, with a stop loss placed below 366 and an upside target near 400/408, while maintaining disciplined risk management practices.

DATAPATTERN

DATAPATTERN is currently trading near the Rs 2520 zone, reflecting steady price behavior after a corrective phase.

On the daily chart, the stock has recently managed to close above its key 21-day Exponential Moving Average (EMA). This breakout signals a shift in short-term momentum from neutral to bullish and strengthens the overall positive bias in the stock.

Traders may consider buying on dips in the range of Rs 2470–2500, keeping a stop loss at Rs 2298. On the upside, the stock has the potential to move towards Rs 2700 and Rs 2800 in the short to medium term, provided the broader market sentiment remains supportive.

LARSEN & TOUBRO

After forming a base near the 3720 zone, the stock has witnessed a steady recovery move on the daily chart and is now comfortably sustaining above its 200-day DMA, indicating a revival in the broader trend. Holding above this long-term moving average reflects improving price stability and strengthening buyer confidence.

Momentum indicators are also turning supportive, with the RSI rebounding from oversold territory, signaling renewed buying interest and a potential shift in momentum. Additionally, the stock has taken support near the lower Bollinger Band and is now gradually moving toward the mid-band, suggesting a normalization of price action and scope for further upside.

Given the improving technical setup, traders may consider initiating long positions in the range of 3850–3870, with a strict stop loss placed below 3650. On the upside, the stock has the potential to move toward 4100 and 4250 levels in the short to medium term.

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