Market expert Raja Venkatraman of NeoTrader has recommended three stocks for trading on August 21, 2026, with updated recommendations including 360ONE (buy above ₹1,205, target ₹1,325), BRIGADE (buy above ₹630, target ₹695), and MEESHO (buy above ₹210, target ₹235). The latest recommendations include Petronet LNG Ltd with buy above ₹290 and target of ₹325, and Ambuja Cements Ltd with sell below ₹406 and target of ₹370. All recommendations are based on equity rates with F&O sell rates, targeting multiday moves.
Indian equities ended on a positive note on Thursday, August 20, 2026, with benchmark indices posting healthy gains amid largely positive global cues. The Sensex closed 628 points higher at 77,537.72 (up 0.82%) while the Nifty 50 ended 154 points higher at 24,231.85 (up 0.64%). The rally was broad-based with the Nifty Midcap 150 index climbing 0.36% and the Nifty Smallcap 250 index rising 0.58%. The overall market capitalization of BSE-listed firms rose to over ₹491 trillion from ₹488.70 trillion in the previous session. The advance-decline ratio shifted in favour of advancers, with nearly 2,450 stocks advancing and about 1,875 declining out of 4,550 stocks traded on the BSE.
360ONE (CMP: ₹1,203) is recommended with buy above ₹1,205, stop loss at ₹1,165, and target of ₹1,325 (multiday). The stock has been forming higher lows since April 2026, taking support at the Tenkan Sen and Kijun Sen lines with positive Q1 numbers and revival of rounding pattern generating buying interest. BRIGADE Enterprises (CMP: ₹625.75) is recommended with buy above ₹630, stop loss at ₹595, and target of ₹695 (multiday). The company's diverse portfolio spanning residential, commercial, retail, and hospitality sectors shows consolidation breakdown with steady volumes indicating potential decline in the real estate sector. MEESHO (CMP: ₹209.51) is recommended with buy above ₹210, stop loss at ₹198, and target of ₹235 (multiday). The e-commerce company's strong thrust on the back of a block deal has pushed prices beyond value resistance around ₹197, with sustained buying and retail sector resilience supporting the recommendation.
The recommendations include specific stop-loss levels and target prices, with 360ONE having support at ₹1,140 and resistance at ₹1,300, BRIGADE showing support at ₹560 and resistance at ₹750, and MEESHO demonstrating support at ₹175 and resistance at ₹300. According to the analysis, risk factors include sensitivity to market-linked assets and AUM fluctuations for 360ONE, environmental clearance challenges for BRIGADE, and persistent net losses for MEESHO. The market's muted response to stronger-than-expected Q1 earnings and hopes of corporate recovery remains concerning, with the bigger drag being elevated crude oil prices driven by ongoing West Asia conflict. For India, which imports nearly 80-85% of its oil needs, sustained high prices pose serious risks to fiscal health and inflation. The Nifty 50's ability to mount a meaningful rebound despite supportive global cues suggests continued caution among traders, with trend analysis showing bearish pressure pushing the index below 24,000 and challenging support at 24,100.
