SBI Securities has spotlighted Viyash Scientific and AU Small Finance Bank for the week of August 24, 2026, citing technical breakout patterns. As the Nifty remains in a consolidation phase, investors should weigh these technical indicators against fundamental business risks, such as Viyash’s debt profile and the banking sector's sensitivity to loan demand.
SBI Securities has identified Viyash Scientific and AU Small Finance Bank as notable picks for the week starting August 24, 2026. Sudeep Shah, Head of Technical Research and Derivatives at the brokerage, highlighted specific technical chart patterns suggesting momentum, even as the broader market remains in a phase of sideways movement.
Viyash Scientific and Technical Patterns
The report highlights Viyash Scientific, pointing to a technical chart formation known as an 'Adam & Adam' double bottom. This pattern is often monitored by technical analysts as a potential sign that the stock price may have finished falling and could see a reversal. The stock has shown support between the ₹245 and ₹240 range since early June, with buying interest returning during price dips.
While technical indicators like the Relative Strength Index (RSI) and Average Directional Index (ADX) point to potential momentum, investors should view these signals alongside the company's financial health. Viyash Scientific has historically dealt with high debt levels and low return on equity (ROE) ratios. These factors can impact a company's ability to fund operations or expansion without increasing debt. Investors may want to monitor whether the company can improve these return ratios alongside any potential stock price moves.
AU Small Finance Bank Momentum
AU Small Finance Bank is also in focus after reaching an all-time high of ₹1108, successfully crossing the ₹1080-₹1100 resistance level that had been a barrier since April. Technical indicators like the RSI, which is currently above 60 on daily and weekly charts, suggest that the stock has maintained strong upward momentum.
Despite the positive technical trend, the banking sector faces its own set of pressures. The performance of lenders like AU Small Finance Bank is closely tied to the broader economic environment, including interest rate cycles and the health of specific loan segments. The bank relies on certain high-margin loan products, and changes in consumer borrowing patterns or sector-wide regulatory shifts could impact future profitability. Market participants often watch how lenders manage asset quality when interest rates are volatile.
Broader Market Context
The recommendations come at a time when the Nifty index is undergoing a period of consolidation. The index has faced downward pressure throughout August and is currently trading in a range, with technical resistance around 24350-24400 and support near 24000-24050. Similarly, the Bank Nifty index has been moving within a narrow range, often a sign that the market is waiting for a clear direction before making a larger move.
For investors, the next important monitorables will be how these stocks react if the broader market breaks out of its current range. While technical analysts often look for specific target levels, the actual performance of these companies will ultimately depend on their ability to manage debt, maintain margins, and navigate the current economic environment.