Technical Stock Picks for Short-Term Traders in 2026
As Indian equity markets step into the year 2026, short-term traders are increasingly turning their attention towards technically robust stocks that are emerging from prolonged consolidation phases. With broader indices displaying signs of stability and a selective risk appetite gradually returning to the markets, technical indicators such as moving averages, momentum oscillators, and volume-based breakouts are once again becoming pivotal in guiding tactical trading strategies. In this evolving landscape, Ventura Securities has pinpointed two technical stock picks that showcase clear bullish structures on the charts, bolstered by improving momentum indicators and robust price action.
According to the brokerage firm, these specific setups present favourable risk-reward opportunities for short-term traders who are willing to capitalise on the ongoing momentum, provided they adhere to disciplined stop-loss mechanisms. The analysis delves into the technical trajectories of Ujjivan Small Finance Bank and APL Apollo Tubes, highlighting their breakout patterns and potential upside targets.
Ujjivan Small Finance Bank: A Positive Trend Reversal
Recommendation: BUY | Target Price: ₹82 | Stop Loss: ₹50
Ventura Securities has observed that Ujjivan Small Finance Bank has transitioned from a prolonged downtrend into a structurally bullish phase. The stock commenced its decline from a high of ₹61.80 in January 2024, forming consistent lower lows and trading below key moving averages before ultimately bottoming out at ₹30.90 in March 2025. From these lows, the stock experienced renewed buying interest and rallied sharply to ₹51.87 by June 2025, although resistance near previous supply zones triggered a temporary correction to approximately ₹42 in September 2025.
The brokerage noted that the stock resumed its upward trajectory by taking support along a rising trend line and established a higher bottom at ₹51.50 in December 2025. More recently, Ujjivan Small Finance Bank confirmed a decisive triangle breakout, supported by strong trading volumes, and surged to a high of ₹62.52 in January 2026, surpassing its earlier peak of ₹61.80.
"The triangle breakout supported by volumes and a rising 200-day SMA confirms a positive trend reversal with further upside potential," Ventura Securities stated.
Momentum indicators, including the MACD and Stochastic RSI, have also flashed positive crossovers, reinforcing the bullish outlook. Ventura Securities anticipates the stock to advance towards a short-term target of ₹82, while identifying intermediate support levels at ₹58, ₹55, and ₹53. A strict stop loss at ₹50 has been advised to effectively manage downside risk.
APL Apollo Tubes: Trend Continuation Signals
Recommendation: BUY | Target Price: ₹2,300 | Stop Loss: ₹1,840
Ventura Securities highlighted that APL Apollo Tubes continues to exhibit strong trend continuation signals following a textbook ascending triangle breakout. The stock initiated its upward move from ₹1,306 in February 2025 and remained consistently above key moving averages, rallying to a high of ₹1,936 by June 2025. Subsequent profit booking led to a healthy correction, with the stock forming a lower top and declining to ₹1,492 in July 2025.
After attracting fresh buying interest, the stock rebounded to ₹1,825 in November 2025 but failed to surpass its earlier peak, resulting in another mild correction. However, Ventura Securities emphasised that the formation of a higher bottom at ₹1,690 in November 2025 marked a crucial shift in the stock's structure. The stock then resumed its upward trajectory and recently confirmed an ascending triangle breakout, supported by strong volumes, reaching a fresh high of ₹1,983 in January 2026.
"The weekly close above the horizontal resistance line confirms strength in the ongoing up move and signals trend continuation," Ventura Securities remarked.
The brokerage added that momentum indicators, such as the MACD and Stochastic RSI, remain firmly positive, suggesting further upside potential. Ventura Securities has set a short-term target of ₹2,300 for the stock, while identifying support zones at ₹1,956–1,927 and ₹1,895–1,872 in case of intermediate corrections. A stop loss at ₹1,840 has been recommended for traders to mitigate risks.
Disclaimer: The views and recommendations presented above are those of individual analysts or broking companies, and not of Mint. Investors are advised to consult with certified experts before making any investment decisions.
