Market strategist Anand James of Geojit Investments identified Jyoti CNC, RK Forge, and ACI as showing positive technical signals on August 18, 2026. While the brokerage maintains a positive technical outlook, investors should balance these chart-based trends with broader market volatility and company-specific risks.
Anand James, Chief Market Strategist at Geojit Investments, released a technical analysis report on August 18, 2026, highlighting three stocks showing potential for upward movement based on chart patterns and momentum. While these technical assessments focus on short-term price trends, investors often look at them alongside fundamental performance and company-specific risks.
Jyoti CNC, which is currently trading at ₹858, showed signs of a trend reversal after moving above its weekly resistance levels. The stock’s momentum has been supported by an increase in buying interest, as noted by technical indicators like the Relative Strength Index (RSI). From a fundamental perspective, the company recently reported a 37% year-on-year revenue increase for the first quarter of FY27, showing growth in its core business. However, investors may want to monitor the company’s ongoing regulatory context. The company remains under scrutiny regarding an earlier 2026 investigation into export compliance at its French subsidiary, Huron Graffenstaden SAS. This past issue has previously caused uncertainty, and any further updates on this compliance matter could affect market sentiment.
RK Forge, trading at ₹755, has resumed an uptrend after finding support at a rising trendline. The stock has broken out of a consolidation phase, which usually suggests that buyers are gaining control. Technical indicators on the monthly charts also show a positive crossover, suggesting the medium-term trend may remain favorable. Like many stocks in the manufacturing and engineering space, RK Forge's performance can be influenced by raw material costs and demand in the automotive sector.
ACI, currently priced at ₹515, is showing signs of recovery after experiencing a two-week correction. The stock has successfully defended its weekly support zone, where buying emerged to stop the downward slide. While the stock has been trading below some long-term moving averages, the recent improvement in momentum suggests the selling pressure is easing. The brokerage notes that the stock's ability to maintain these support levels will be a key factor for its short-term movement.
Investors using technical signals as a guide should note that these strategies are highly sensitive to market changes. The 'Buy' recommendations and targets provided by the brokerage are contingent on the stocks maintaining specific price levels, often referred to as stop-losses. If a stock falls below these levels, it can signal that the technical setup has failed. Monitoring quarterly financial results, subsidiary developments, and broader sector demand remains important for a complete understanding of these companies beyond just their chart patterns.