Expert Picks: Varun Beverages and Elecon Engineering as Top Stocks for the Week of May 25, 2026; Nifty and Bank Nifty Outlook Revealed
मुख्य बातें
- •Varun Beverages Ltd recommended for accumulation between ₹537–₹542 with a stop-loss at ₹523; target ₹578
- •Elecon Engineering Company Ltd suggested for accumulation in ₹530–₹535 range with stop-loss at ₹515; target ₹570
- •Nifty 50 consolidating between 23,262 and 23,860; breakout direction critical for trend formation
- •Bank Nifty showing mild pullback near 61.8% Fibonacci level; support seen at 53,200–53,000, resistance at 54,350–54,500
Mumbai, May 25, 2026: Technical research and derivatives head Sudeep Shah of SBI Securities has identified two strong stock picks for the week ahead—Varun Beverages Ltd (VBL) and Elecon Engineering Company Ltd (ELECON)—based on recent chart patterns and momentum indicators. Shah also shared a cautious outlook for the broader market benchmarks, Nifty and Bank Nifty, highlighting consolidation phases and key levels to watch.
Varun Beverages Ltd, a leading bottling partner for PepsiCo in India, has emerged as a top buy after forming a “Stage-2 cup pattern breakout” on the daily chart. This bullish formation was accompanied by a significant volume surge, validating the breakout. Since finding support near its 20-day Exponential Moving Average (EMA) on May 13, 2026, the stock has climbed nearly 11%, signaling strong buying interest at lower levels. On the weekly chart, VBL broke out from a downward-sloping trendline, followed by a strong follow-through. Momentum indicators such as the Relative Strength Index (RSI) are firmly above 60 on both daily and weekly timeframes, while the Average Directional Index (ADX) is rising, indicating strengthening trend momentum. Shah recommends accumulating VBL between ₹537 and ₹542, with a strict stop-loss at ₹523. The stock is expected to test ₹578 in the near term.
