Trade Spotlight: Analysts Weigh In on Key Stocks Including Engineers India, Sona Comstar, Lenskart and Others for April 15 Trading

Market Outlook: Bullish Trends Expected Amid US-Iran Peace Talks

The benchmark indices closed off the day's low with a 0.86 percent loss on April 13, accompanied by negative market breadth. The market is expected to rebound amid hopes that a second round of US-Iran peace talks could be held soon. A total of 1,844 shares declined against 1,140 advancing shares on the NSE.

Short-Term Trading Ideas

Engineers India

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Engineers India has recently witnessed a breakout above its falling trendline, indicating a potential shift in trend. The stock is also finding strong support around its 100-week and 200-week EMAs, reinforcing the bullish setup. From a momentum perspective, the Relative Strength Index (RSI) has broken out of its own declining trendline, suggesting strengthening momentum, while the MACD has delivered a bullish crossover near the zero line—often considered an early sign of a trend reversal. Traders may consider entering long positions in the Rs 218–214 zone.

Sona BLW Precision Forgings

A breakout in Sona Comstar is visible on the weekly chart, supported by strong momentum indicators. The RSI is sustaining above the 50 mark, indicating underlying bullish strength, while the MACD has delivered a bullish crossover above the zero line, signalling a positive trend shift. Additionally, the DMI setup remains favourable, highlighting strengthening buying momentum. This confluence of technical indicators suggests a high probability of continuation in the ongoing uptrend. Traders may consider entering long positions in the Rs 572–555 zone.

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Deepak Nitrite

Deepak Nitrite has formed a bullish divergence on the daily chart, indicating a potential reversal after recent weakness. While the price has been making lower lows, the RSI is showing higher lows, reflecting improving momentum beneath the surface. This divergence, when supported by a strong technical level, increases the probability of an upward movement. The stock is currently taking support near the Yearly S1 Floor Pivot, which acts as a crucial demand zone and adds strength to the setup. This confluence of indicators suggests a favourable risk-reward opportunity for positional traders. Traders may consider entering long positions in the Rs 1,475–1,445 zone.

Multi Commodity Exchange of India

MCX has given a breakout from a box pattern along with an expansion in volumes. A breakout from the falling trendline in the 14-period RSI has also been observed. The stock has been in an uptrend across all timeframes and is consistently trading above all the major EMAs—20-day, 50-day, 100-day, and 200-day—which are sloping upward. Previous resistances have turned into supports in the current rally, following the principle of polarity. Despite prices trading at all-time highs, the 14-period RSI still reads below the overbought zone near the 66 level, suggesting there is still room for the rally to continue.

Lenskart Solutions

Lenskart has given a breakout from a box pattern with rising volumes. The stock has been in an uptrend with the formation of higher highs and higher lows. Prices are consistently sustaining above all the major exponential moving averages—20-day, 50-day, and 100-day—with all EMAs sloping upward, which establishes a strong uptrend. During the current leg of the rally, previous resistances have turned into supports, supporting the positive price action.

KRN Heat Exchanger and Refrigeration

KRN Heat Exchanger has given a breakout to all-time highs and from a cup pattern, accompanied by an expansion in volumes. A decent accumulation occurred in the stock during the previous month, and this breakout is likely to lead to the continuation of a larger uptrend. The price action of higher highs and higher lows, along with prices sustaining above all major exponential moving averages, signals a strong uptrend. Fresh buying can be executed at current levels, as the stock is going through another short phase of consolidation.

Aether Industries

Aether Industries has been in a strong uptrend since November 2025, forming higher highs and higher lows while respecting its 12- and 26-week EMAs, indicating solid trend strength. On the daily scale, the stock has shown a bullish polarity shift, with the February 2026 resistance now acting as support. The MACD is trending higher, signalling continued upside momentum. Overall, price action across timeframes reflects strong relative strength and supports the ongoing bullish trend.

Godawari Power and Ispat

Godawari Power and Ispat has exhibited a robust price trend since 2020, reflecting a strong long-term bullish structure. On the weekly scale, the stock has shown a bullish polarity shift, with the prior resistance of August 2024 now acting as a key support zone. In the current month, the stock has broken out of a seven-month consolidation phase, indicating a likely continuation of its primary uptrend. From a momentum standpoint, the MACD has witnessed a bullish crossover, signalling a pickup in momentum and supporting the positive price action.

TD Power Systems

TD Power Systems has been maintaining a strong uptrend on the weekly scale, characterised by a consistent higher high–higher low formation and trading well above its key moving averages, indicating sustained trend strength. Notably, during the broader market correction in March, the stock remained relatively resilient, highlighting strong relative strength compared to the indices. From a momentum perspective, the MACD supports the positive price action, indicating that the prevailing uptrend is backed by strengthening momentum.

Aditya Birla Sun Life AMC

Aditya Birla Sun Life AMC has maintained a strong uptrend since April 2023, forming consistent higher bottoms. The stock has seen a bullish polarity shift, with previous resistance zones now acting as support. It remains well above its 12- and 26-week EMAs, indicating sustained strength. Additionally, the RSC indicator signals strong outperformance, as the ratio line continues to sustain above a multi-year resistance zone from 2021 and trends higher, suggesting the stock is likely to remain a high relative strength candidate going forward.

Bharti Airtel

Bharti Airtel recently completed a complex correction that started from the November high of Rs 2,175. In Monday’s trading session, the stock gave a breakout from a double bottom pattern. This indicates that the bearish trend and the larger corrective phase are over. In the coming trading days, the stock is expected to test the 50 percent and 61.8 percent retracement levels of the entire fall, i.e., Rs 1,960 and Rs 2,010, respectively.

KFin Technologies

KFin Technologies is in a downtrend, as it is forming lower highs and lower lows and is trading below the 40-day EMA. On the daily chart, the stock has seen sideways consolidation after a five-wave decline. A five-wave move typically occurs in the direction of the trend. The stock recently touched the 40-day EMA and the upper Bollinger Band and corrected from there. The daily momentum indicator is on the verge of giving a bearish signal, indicating that the sideways consolidation is complete and the next leg of the correction may unfold.

UNO Minda

In the previous month, UNO Minda broke the 20-month SMA on a closing basis. Additionally, the recent recovery in