Analyst Hitesh Rathi has issued technical recommendations for APL Apollo Tubes, Lenskart, and Anthem Biosciences as of November 6, 2026. While the report highlights bullish patterns for these stocks, investors should remain cautious as these projections rely on chart trends and market sentiment.
Angel One analyst Hitesh Rathi has released a technical report highlighting potential upward trends for APL Apollo Tubes, Lenskart, and Anthem Biosciences, effective November 6, 2026. The analysis, which relies on chart patterns like Renko, candlestick formations, and exponential moving averages, suggests that these stocks may see further movement based on recent price action.
APL Apollo Tubes Technical Outlook
According to the report, APL Apollo Tubes is showing relative strength compared to the broader market. The stock has established a reliable demand zone near its 50-day exponential moving average. Technical charts suggest a "W-pattern" breakout, which is often interpreted as a shift in support levels. The analyst has set a target range of Rs 2,270–2,280, with an entry suggestion between Rs 2,194 and Rs 2,190. A stop-loss level has been marked at Rs 2,130 to manage potential downside risk.
Lenskart Momentum and Performance
Lenskart has been highlighted for breaking out from a multi-week consolidation zone, supported by a double-top buy signal on point-and-figure charts. From a fundamental perspective, Lenskart recently reported a net profit of Rs 227.1 crore for the second quarter of the 2027 fiscal year, marking a 122.1% growth compared to the same period last year. The analyst report suggests a target range of Rs 800–825, with an entry zone of Rs 718–715 and a stop-loss at Rs 660.
Anthem Biosciences Support Levels
Anthem Biosciences is being monitored for its technical support near a previous down-sloping trendline, with key structural support appearing between the Rs 709 and Rs 820 range. The 200-day exponential moving average at this intersection provides a confluence of support for the stock. The technical analysis suggests a target range of Rs 970–980, with an entry range of Rs 913–910 and a stop-loss at Rs 870.
Important Risks for Investors
While technical analysis can provide a framework for timing, it does not guarantee future price performance. These projections are subject to broader market risks, such as unexpected sector downturns, liquidity issues, or shifts in the economic environment. Specifically for Lenskart, while profit growth has been strong, the stock currently trades at a high price-to-earnings (P/E) ratio, which can increase valuation risk if market sentiment shifts. Investors should remember that technical signals can be invalidated by fundamental events or sudden changes in company performance. It is essential to monitor these trades against stop-loss levels to mitigate potential losses.