3 Stocks for 10% Gains: Choice Equity Broking Picks
By Business Desk
Choice Equity Broking identifies Poly Medicure, Ather Energy, and Cohance Lifesciences as top stock picks for potential 10% gains, navigating market downturns.
Sachin Gupta, Vice-President of Choice Equity Broking, recommends three stocks—Poly Medicure, Ather Energy, and Cohance Lifesciences—for potential gains up to 10%. This guidance emerges as the Indian stock market faced a downturn on Tuesday, August 11, 2026.
The market’s decline was primarily driven by profit-booking, alongside rising oil prices and ongoing geopolitical uncertainties. Despite these broader pressures, Gupta’s analysis points to strong bullish signals in these specific equities.
Poly Medicure: Ascending Triangle Breakout
Technical analysis reveals Poly Medicure (POLYMED) has achieved a significant breakout from an Ascending Triangle pattern on its daily chart. This breakout, supported by increased trading volume, signals a continuation of its established bullish trend.
The stock trades above all major moving averages, underscoring robust short and long-term positive trends. Its Relative Strength Index (RSI) stands at 70.29, indicating strong momentum and persistent buying interest.
- Buy POLYMED at Rs 1,863
- Target Price: Rs 2,035
- Stop Loss: Rs 1,788
Ather Energy Hits All-Time High
Ather Energy showcases a strong bullish trajectory, having broken its consolidation range to reach an all-time high of Rs 1,534.80. The upward movement of its 20, 50, 100, and 200-day Exponential Moving Averages (EMAs) further validates this positive momentum.
Sustaining above Rs 1,535 could propel the stock towards Rs 1,630, with immediate support identified at Rs 1,470. Its RSI of 77.39 points to strong buying interest, placing it in overbought territory.
- Buy Ather Energy above Rs 1,535
- Target Price: Rs 1,630
- Stop Loss: Rs 1,470
Cohance Lifesciences: Symmetrical Triangle Breakout
Cohance Lifesciences has also executed a strong breakout from a Symmetrical Triangle pattern on its daily chart, signaling a continuation of its bullish trend. Post-breakout, the stock has observed increased buying activity, bolstering its technical strength.
The stock currently trades above its 20, 50, and 100-day EMAs, indicating a positive short to medium-term outlook. With an RSI of 65.86, it demonstrates strong momentum and consistent buying without reaching an overbought state.
- Cash purchase COHANCE at Rs 464
- Target Price: Rs 503
- Stop Loss: Rs 443
These technical recommendations from Choice Equity Broking highlight specific entry and exit points for investors seeking up to 10% gains in the current market environment.