Must-Have Stocks: Asian Paints, IndiGo, and TVS Motor

Asian Paints, IndiGo, and TVS Motor are recommended stocks to buy due to their positive momentum and uptrend. Asian Paints has formed a "Higher Top Higher Bottom" structure, while IndiGo has consolidated within a range and TVS Motor has given a breakout above its previous swing high. These stocks are expected to see short-term upmoves and positional traders are advised to buy them at current levels.

Asian Paints, IndiGo, and TVS Motor have shown promising signs of positive momentum and uptrend, making them attractive picks for investors seeking short-term gains. According to Ruchit Jain, head of equity technical research at Motilal Oswal Financial Services, these stocks are expected to see short-term upmoves.

Asian Paints has formed a "Higher Top Higher Bottom" structure on its daily chart, indicating a potential reversal in its underperformance. The stock's price is trading above its crucial 50 and 200 DEMA's, and the RSI oscillator hints at a positive momentum, suggesting a short-term upmove [1].

IndiGo, on the other hand, has been consolidating within a range over the past month, which is seen as a temporary correction within its broader uptrend. The 50 DEMA has acted as a support, and as long as it remains intact, the stock is expected to resume its uptrend soon [1].

TVS Motor has been an outperformer among auto stocks and has given a breakout above its previous swing high, indicating buying interest even at current levels. The daily and weekly charts suggest a continuation of the positive momentum, advising positional traders to buy the stock at current levels [1].

These technical indicators and chart patterns provide a strong basis for the bullish outlook on these stocks. However, investors should always conduct thorough research and consider their risk tolerance before making any investment decisions.

References:
[1] https://www.business-standard.com/markets/news/these-3-stocks-indigo-asian-paints-tvs-motor-stock-portfolio-market-technical-share-market-today-bse-nse-sensex-125080700075_1.html