Godrej Agrovet’s shares broke above ₹676 on Thursday, spurring analysts to lift the target to ₹710‑705 and set a stop loss at ₹644, signifying a potential reversal after a prolonged downtrend.
Hitesh Rathi, Technical Analyst at Angel One, noted a bullish base formation on the daily chart, followed by a breakout that triggered a bullish follow‑through pattern—an early sign that the stock may regain its upward trajectory. The 14‑day RSI remains in the bullish zone, and the Relative Strength comparison to the NIFTY 500 now shows the stock outperforming the index.
Caplin Point Laboratories sees a fresh bullish wave after an eight‑month consolidation break. The target price is set at ₹3,200‑3,220 with a stop loss at ₹2,567, reflecting a potential upside of roughly 13% from the current trading level. The 14‑day smoothened RSI has defended the 50‑level, reinforcing the view that momentum is steady.
Tilaknagar Industries is also on the radar, with a target of ₹660‑665 and a stop loss of ₹495. A recent breakout across multiple timeframes accompanied by high volumes suggests the breakout is technically sound, while a bullish double‑top on the 1% point‑and‑figure chart signals further upside potential.
Looking ahead, investors should watch the March quarter earnings releases, as all three companies are expected to report in the next two weeks. The sector’s overall sentiment remains cautious, but the technical signals suggest that if the stocks maintain their breakout momentum, they could become attractive plays for both short‑term traders and long‑term holders.