Market expert Raja Venkatraman has identified EID Parry, Sapphire Foods, and Aster DM Healthcare as technical trading picks for August 5, 2026. The recommendations follow a session of profit-taking in Indian indices. Investors should note that Aster DM Healthcare is scheduled to report its quarterly financial results today, which could lead to stock volatility.
Indian equity markets ended in the red on August 4, 2026, as investors booked profits and prepared for the upcoming derivative expiry. With the Nifty 50 and Sensex retreating from recent highs, market participants are looking for specific trading opportunities based on technical setups. Raja Venkatraman, co-founder of NeoTrader, has highlighted three stocks—EID Parry, Sapphire Foods, and Aster DM Healthcare—that show potential for momentum in the current session.
EID Parry, a prominent company under the Murugappa Group, is recognized for its business in sweeteners, nutraceuticals, and bio-energy. From a technical perspective, the stock has shown signs of a firming uptrend following a period of decline over the past year. Analysts often monitor such chart patterns, where the stock breaks above key value areas, as potential signals for a shift in momentum. Investors tracking this stock may focus on how it sustains its current levels.
Sapphire Foods India Limited, a major franchise partner for global chain Yum! Brands, is also on the watchlist. The company’s stock has maintained support at key technical levels since April, suggesting a base has been formed. For traders, the stock's ability to hold these support levels is often considered a sign of buying interest. The current technical outlook suggests the potential for the stock to move toward higher price levels if it crosses its immediate resistance barriers.
Aster DM Healthcare presents a different dynamic due to upcoming corporate news. The healthcare enterprise is scheduled to hold a board meeting on August 5, 2026, to consider and approve its unaudited financial results for the quarter ended June 30, 2026. The stock has exhibited a rounding recovery pattern in its price chart since January, supported by increasing trading volumes. While technical experts point to this pattern as a potential long opportunity, investors should exercise caution as quarterly earnings announcements can lead to increased share price volatility, regardless of technical indicators.
Investors considering these stocks should distinguish between technical trading and long-term investment. Technical picks are based on short-term chart signals, such as support, resistance, and volume trends, rather than long-term business fundamentals. These trades come with inherent risks, including market volatility, unexpected company news, and the possibility of stop-loss triggers. Given the broader market’s recent weakness and caution surrounding RBI policy, maintaining disciplined risk management is essential for any short-term trading strategy.