Mirae Asset Sharekhan Unveils Top Stock Recommendations for February 2026
In a strategic market analysis, Somil Mehta, Head of Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, has identified three standout stock picks for investors targeting February 17, 2026. The recommendations focus on NTPC, Power Finance Corporation (PFC), and Union Bank of India, each backed by detailed technical analysis and projected price movements.
NTPC: A Consolidation Breakout with Strong Momentum
Buy Recommendation: Investors are advised to purchase NTPC shares within the price range of Rs 368 to Rs 369. A stop-loss is set at Rs 335 to mitigate risk, while the target price is Rs 430, indicating a potential upside.
Technical Analysis: NTPC has been consolidating in a broad range over the past week, maintaining positions above the short-term 20 and 40 Daily Moving Averages. On the weekly chart, the stock has closed above the previous swing high of Rs 364 and achieved a breakout from a descending trendline. This pattern suggests the stock is poised to resume its uptrend, supported by positive momentum indicators that highlight underlying strength.
Key resistance levels are noted at Rs 381, with support firmly established at Rs 350, providing clear benchmarks for traders.
Power Finance Corporation: Higher Highs and Breakout Signals
Buy Recommendation: For Power Finance Corporation, the advised buy range is between Rs 411 and Rs 412. A stop-loss at Rs 375 offers protection, with a target of Rs 480, reflecting significant growth potential.
Technical Analysis: PFC has broken out of a consolidation phase on the daily chart, forming a pattern of higher tops and higher bottoms. In the weekly timeframe, the stock has given a descending trendline breakout, finding support from the 20 Daily Exponential Moving Average (DEMA) at Rs 396. This setup indicates an expected resumption of the uptrend, bolstered by positive momentum indicators that confirm strength.
Resistance is anticipated at Rs 430, while support lies at Rs 400, guiding investment decisions.
Union Bank of India: Consolidation Zone Breakout with Positive Indicators
Buy Recommendation: Union Bank of India is recommended for purchase in the range of Rs 183 to Rs 184. A stop-loss at Rs 164 is advised, with a target price of Rs 220, showcasing substantial upside.
Technical Analysis: The stock has broken out of a consolidation zone, supported by the 20 DEMA. It is currently trading above the short-term 20 and 40 Daily Exponential Moving Averages, signaling a favorable technical posture. The stock is expected to resume its uptrend, with momentum indicators displaying positive strength.
Key resistance is identified at Rs 205, and support is at Rs 170, offering clear trading parameters.
Investment Disclaimer and Expert Insights
Disclaimer: The recommendations and views provided by Somil Mehta are his own and do not represent the opinions of The Times of India. Investors are reminded that stock market advice, including tips on other asset classes or personal finance management, should be considered alongside individual risk tolerance and financial goals.
This analysis underscores the importance of technical indicators and market trends in shaping investment strategies, particularly in volatile environments. As global economic conditions evolve, such expert insights can aid in navigating complex financial landscapes.
