On August 14, 2026, Hitesh Rathi, a Technical Analyst (Equity & Derivatives) at Angel One, provided several compelling stock recommendations for investors. These included Amara Raja Energy & Mobility, Indian Bank, and Kfin Technologies, each exhibiting technical indicators that suggest potential for significant upside.
Amara Raja Energy & Mobility was recommended for purchase within the price range of Rs 945-940, with a stop loss set at Rs 770 and a target price of Rs 1200. This recommendation stems from a strong technical setup. The stock recently formed a bullish swing engulfing pattern and subsequently triggered a multi-brick breakout above the Rs 930 level on its Daily 3% Renko charts. This breakout was further supported by a range breakout on its smoothened 14-brick RSI, accompanied by a bullish crossover, indicating increased momentum. The 3% Daily Point and Figure chart revealed an improving technical structure and a bear trap, suggesting that sellers at lower levels are now finding themselves in a disadvantageous position. The formation of a bullish double top buy above Rs 940 provided additional confirmation of this positive trend. Furthermore, a bullish crossover of all its major short-term Exponential Moving Averages (EMAs) over its 200 Simple Moving Average (SMA) points to robust bullish momentum. The recent correction, which presented an attractive risk-reward profile after a strong performance this year, occurred on declining volumes, suggesting an absence of significant selling pressure.
Indian Bank also presented an intriguing opportunity, with a recommended buy range of Rs 895-890, a stop loss at Rs 796, and a target between Rs 980-1000. The technical analysis of this PSU bank indicated a potential turnaround after a period of weakness. The stock found crucial support near its 40-brick EMA on its 3% Daily Renko charts, forming a weak breakout near this dynamic support level. This led to a multi-brick breakout above the 895-890 zone, which was reinforced by a trendline breakout in the same region. Momentum indicators were also turning bullish, evidenced by a bullish crossover on its 14-Brick RSI. This positive shift was further emphasized by the formation of a follow-through double top buy to a bullish 100% pole on its 1%*3 Daily Point and Figure chart. The convergence of these bullish signals across various charting systems implies a gradual shift towards buying interest and anticipates higher price levels in the near future. A “golden crossover” where the 20 EMA crossed above its 50 and 89 EMA on its candlestick charts further highlighted an improving chart structure across different analytical methods.
Finally, Kfin Technologies was suggested for acquisition in the Rs 925-920 range, with a stop loss at Rs 845 and a target of Rs 1040-1050. The technical outlook for KFINTECH appeared promising, following the formation of a bullish pattern retest near its significant support band of 830-820. Subsequently, a bullish brick reversal stemming from a bullish ABCD pattern near its critical support signaled an emerging trend reversal for the stock. The recent one-back bullish breakout above the 940-950 zone and its 20-brick EMA on its 3% Daily Renko charts pointed to strong buying presence at lower levels. A multi-bracket breakout on its 1% Daily Renko charts indicated a multi-time frame alignment, suggesting a shift in control towards buyers after a recent downtrend. A retracement following a Triple Top Buy on its 1%*3 Daily Point and Figure chart presented a favorable entry point for a stock potentially on the cusp of a significant turnaround. These business insights highlight a comprehensive analytical approach to investment decisions.
