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Stocks suggestions by Kunal Kamble of Bonanza
Stocks to Buy right this moment: April 16 Recommendations by Kunal Kamble of Bonanza
Kingfa Science & Technology (India) Ltd
Kingfa Science & Technology (India) is displaying a robust bullish breakout above a key resistance zone and descending trendline, indicating a possible pattern reversal. The inventory is buying and selling above vital shifting averages, which are actually performing as dynamic help ranges and turning upward. The formation of upper highs and better lows suggests strengthening value construction and sustained shopping for curiosity. Additionally, the breakout is supported by elevated volumes, reflecting accumulation. RSI has moved into the bullish zone, indicating robust momentum.
Buy vary: ₹4,705
Stop-loss: ₹4,300
Target: ₹5,450
KRN Heat Exchanger and Refrigeration Ltd
KRN Heat Exchanger and Refrigeration has delivered a robust breakout above a key descending trendline and horizontal resistance, signaling a transparent shift from consolidation to a bullish pattern. The inventory is buying and selling above all main shifting averages, which are actually turning upward and performing as robust dynamic help ranges. The sharp value growth backed by elevated volumes signifies robust participation. Additionally, the formation of upper highs and better lows confirms pattern power,whereas RSI shifting into the bullish zone displays robust momentum.
Buy vary: ₹1,123
Stop-loss: ₹990
Target: ₹1,350
Quality Power Electrical Equipments Ltd
Quality Power Electrical Equipments is exhibiting a robust bullish breakout above a key resistance zone, indicating a continuation of the upward pattern. The inventory is buying and selling properly above its key shifting averages, that are aligned positively and performing as dynamic help. The latest sharp value growth suggests robust shopping for curiosity supported by rising volumes. Additionally, the formation of upper highs and better lows confirms a sturdy bullish construction. RSI is trending within the overbought zone, reflecting robust momentum and sustained power.
Buy vary: ₹1,108
Stop-loss: ₹993
Target: ₹1,334 (Disclaimer: This article is by Kunal Kamble, sr. technical analysis analyst, Bonanza. Views expressed are his personal.)
First Published: Apr 16 2026 | 6:50 AM IST