With the RBI delivering the rate hike on expected lines, the domestic market reacted more sharply to the shift in policy stance from neutral to calibrated tightening, which signals a turn in the rate cycle. Looking ahead, analysts say the market focus will turn to the September-quarter earnings season for further direction. A resilient macroeconomic backdrop supports headline expectations, but investors will watch management commentary closely for evidence on whether the companies can absorb rising input costs, retain pricing power and sustain demand through the second half of the fiscal year.Here are 5 stock recommendations that could offer good returns in the medium term
Stop loss: 841 Target: 973Black Box is breaking out from a multi-month rounding bottom base on the daily timeframe, currently quoted at a market price of 885 after clearing horizontal neckline resistance near 850. The 14-period RSI has advanced strongly into bullish territory at 66.64, holding well above its signal line (56.02) to reflect accelerating upside momentum and expanding buying pressure.Sachin Gupta, VP – Technical Research at Choice Equity Broking
Stop loss: 748 Target: 890Deep Industries is signalling a fresh breakout from a descending trend line resistance, currently trading at a market price of 796 after finding firm buying support at the 725–730 horizontal base. The 14-period RSI has advanced to 62.12, crossing above its signal line to reflect accelerating upside momentum and strong buyer accumulation. Looking at the moving averages, the stock trades well above its 20, 50, 100, and 200 EMAs, which are fanning out in a strong bullish sequence to provide robust dynamic downside support.Sachin Gupta, VP – Technical Research at Choice Equity Broking
Stop loss: 172 Target: 205MRPL is demonstrating strong bullish continuation on the daily timeframe, currently quoted at a market price of 183 after aggressively defending its multi-month polarity demand zone near the 162–165 band. The 14-period RSI has advanced sharply into bullish territory at 62.91, reflecting accelerating upside momentum and persistent buying accumulation.Sachin Gupta, VP – Technical Research at Choice Equity Broking
Stop loss: 580 Target: 650Leela Palaces Hotels & Resorts Limited demonstrates a decisive breakout above major resistance around the 580.00 level on the daily chart, pushing to 602.45 (+3.39%). Trading comfortably above its key 20/50/100/200 EMAs with continuous higher-high price action and strong bullish volume followthrough, the setup confirms accelerated upside momentum toward 650.00.Virat Jagad, Sr Technical Research Analyst at Bonanza