Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, has issued stock market recommendations for August 18, 2026, featuring four key stocks for potential investment. According to The Times of India, these recommendations include Mphasis, Supreme Industries, United Spirits, and Kfin Technologies. The selections are based on technical analysis and market momentum indicators.
Mphasis has broken out of a multi-month consolidation pattern in August 2026, crossing above its 200-day moving average (200DMA). As reported by The Times of India, the stock is currently consolidating just above the breakout point and the 200DMA in recent sessions. The recommendation includes a buy at current market price (CMP) with a stop loss at ₹2,415 on a closing basis and a target price of ₹2,610-2,650. The bullish outlook remains intact as long as the stock holds above the 20DMA, currently positioned at ₹2,415.
Supreme Industries has broken out of an inverse head-and-shoulders pattern, signaling a positive shift in trend direction. According to The Times of India, the stock crossed above the 20DMA in Monday's trading session, while the daily momentum indicator turned bullish after a positive crossover on Friday. The recommendation includes a buy at CMP with a stop loss at ₹3,470 on a closing basis and a target price of ₹3,750-3,825. The bullish outlook is maintained as long as the stock stays above ₹3,470 on a closing basis, which serves as the key support level for traders.
The recommendations reflect technical analysis of current market conditions and momentum indicators across these four stocks. As reported by The Times of India, the selections are based on specific technical patterns and moving average breakouts that suggest potential upward movement in the coming sessions. The stop-loss levels are strategically positioned to manage downside risk while target prices indicate potential upside targets for each recommendation.
