Technical analyst Kush Bohra has highlighted three stocks—Shringar House of Mangalsutra, Granules India, and Himadri Speciality Chemical—showing bullish momentum on technical charts. While these picks reflect short-term trading setups, investors should assess the underlying company fundamentals and market risks before making decisions.
What Happened
Technical analyst Kush Bohra has identified three stocks that appear to be exhibiting strong price momentum as of July 1, 2026. His analysis focuses on technical chart patterns in the jewellery, pharmaceutical, and specialty chemical sectors. Bohra pointed to Shringar House of Mangalsutra, Granules India, and Himadri Speciality Chemical as stocks showing potential for short-term price appreciation based on recent trading trends.
Shringar House of Mangalsutra: Growth Context
Shringar House of Mangalsutra, which listed in September 2025, has been under analyst scrutiny due to its expansion into bridal jewellery and focus on tier-2 and tier-3 markets. The company operates as a major B2B manufacturer in the Indian jewellery segment. Investors monitoring this stock should note that while technical momentum can indicate short-term interest, the company is relatively new to the public markets, and performance will depend on its ability to sustain profit margins amid gold price volatility. The analyst has set technical targets for the stock at ₹227 and ₹234, with a stop-loss at ₹214.
Granules India: Pharma Performance
Granules India, a well-established name in the pharmaceutical sector, has recently reported strong financial results, with revenue growth reaching approximately 19.8% year-on-year in the latest reported quarter. The company has gained attention for its scaling of new product filings in the US and recent positive regulatory updates, such as the USFDA’s Voluntary Action Indicated (VAI) status for its Chantilly facility. Bohra’s technical view points to bullish traction for the stock, with identified technical targets of ₹831 and ₹855, and a suggested stop-loss at ₹783.
Himadri Speciality Chemical: Transition To EV Materials
Himadri Speciality Chemical is currently transitioning from a traditional carbon black manufacturer to a player with exposure to the electric vehicle (EV) battery material segment. The company has been investing in capacity additions, including a new 70,000 MTPA specialty carbon black line. While the company's recent earnings have shown steady performance, investors often track the realization trends in carbon black and the progress of its battery material projects. The analyst’s technical outlook places targets for the stock at ₹712 and ₹747, with a stop-loss level of ₹645.
How To Read Technical Picks
It is important to remember that technical analysis primarily relies on chart patterns, price trends, and trading volumes to forecast near-term movements. These strategies often differ significantly from fundamental investing, which looks at long-term financial health, debt levels, and competitive advantages. Technical targets and stop-losses are specific to short-term trading plans and may not account for sudden changes in company news or broader market sentiment. Investors should ensure any decision aligns with their personal risk tolerance and time horizon rather than relying solely on technical price projections.