Mirae Asset Sharekhan Unveils Top Stock Recommendations for February 2026
In a detailed market analysis, Somil Mehta, Head of Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, has identified three standout stock picks for investors to consider in February 2026. The recommendations include GMR Airports Ltd, Kotak Mahindra Bank, and L&T Finance Ltd, each backed by specific technical indicators and price targets.
GMR Airports Ltd (GMRAIRPORT): A Bullish Technical Setup
Buy Range: Rs 100 to Rs 101
Stop Loss: Rs 93
Target: Rs 115
GMR Airports has demonstrated strong momentum, closing the week above the critical resistance level of Rs 99.50. The stock is also trading above its 20-week and 40-week exponential moving averages, indicating sustained upward pressure. On the daily chart, it is forming a higher top and higher bottom pattern, positioned above the 200-day exponential moving average, which reinforces the bullish outlook.
Momentum indicators are positive, reflecting underlying strength in the stock. Key resistance is identified at Rs 110, while support levels are firm at Rs 95, providing a clear risk-reward framework for traders.
Kotak Mahindra Bank (KOTAKBANK): Breakout from Consolidation
Buy Range: Rs 430 to Rs 431
Stop Loss: Rs 400
Target: Rs 480
Kotak Mahindra Bank has been consolidating within a range over the past three weeks and is now showing signs of a breakout. On the daily chart, it has breached a descending sloping trendline, signaling a potential upward move. The weekly chart reveals an inverted head and shoulders pattern forming above the 200-week exponential moving averages, which is typically a bullish reversal formation.
Momentum indicators are exhibiting a positive crossover above the zero line, further confirming the stock's strength. Important resistance is noted at Rs 454, with support established at Rs 412, offering investors a structured entry and exit strategy.
L&T Finance Ltd (LTF): Base Formation and Range Breakout
Buy Range: Rs 299 to Rs 300
Stop Loss: Rs 268
Target: Rs 350
L&T Finance continues to build a solid base at the 20-week exponential moving average on the weekly timeframe. The daily chart shows a range breakout above the significant resistance level of Rs 299, with the stock trading above its short-term 20-day and 40-day exponential moving averages. This breakout suggests increased buying interest and potential for further gains.
Momentum indicators remain positive, highlighting the stock's underlying strength. The upside hurdle is positioned at Rs 316, while support is firm at Rs 282, providing clear benchmarks for investment decisions.
Investment Disclaimer and Expert Insights
Disclaimer: The recommendations and views expressed by Somil Mehta are his own and do not represent the opinions of The Times of India or its affiliates. Investors are advised to conduct their own research or consult with financial advisors before making any investment decisions, as stock market investments carry inherent risks.
This analysis underscores the importance of technical indicators in identifying potential stock opportunities, with Mirae Asset Sharekhan providing a focused outlook for February 2026 based on current market trends and chart patterns.
