Analyst recommends Union Bank, Ather Energy, and Laurus Labs following market highs

Indian benchmark indices climbed to their highest levels in over eight months, driven by easing crude oil prices, with the Nifty advancing 0.23 percent and the Sensex rising 0.13 percent. Markets are scheduled to close on Tuesday in observance of Diwali. Amid this positive sentiment, market expert Chandan Taparia recommended purchasing Union Bank of India, Ather Energy, and Laurus Labs, citing favorable technical breakout signals.

Technical stock picking involves analyzing price charts, moving averages, and volume patterns to identify counters with strong near-term momentum. When broader indices reach multi-month highs, sector-specific stock selection helps investors target counters showing relative strength compared to the wider market. Traders looking to act on these recommendations must set strict stop-loss levels and adhere to defined target prices to manage risk.

Keep an eye on post-Diwali market openings and macroeconomic crude price movements before executing trades. Secure portfolio gains by booking profits systematically at recommended technical resistance zones.