Stock Market: Experts Advise Key Buys for August 18, 2026, with Mphasis, Supreme Industries, United Spirits, and Kfin Technologies in Focus
Mumbai, India – As the Indian stock market gears up for trading on August 18, 2026, investors are keen to identify potential gainers. Leading the analysis, Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, has provided his top recommendations, signaling promising opportunities across various sectors. His selections for today include Mphasis, Supreme Industries, United Spirits, and Kfin Technologies, each backed by compelling technical indicators.
Mphasis: Breaking Out and Consolidating for Further Gains
IT services giant Mphasis (NSE: MPHASIS) has caught Mehta’s eye following a significant technical development. The stock successfully broke out of a multi-month consolidation pattern in early August 2026, a move further validated by its ascent above the crucial 200-day Daily Moving Average (200DMA). This breakout indicates a potential shift in momentum towards an upward trend.
Currently, Mphasis is observed consolidating just above this breakout point and its 200DMA, suggesting a period of price stabilization before its next move. Mehta anticipates that once this sideways movement concludes, the stock is poised to surpass its recent high of Rs 2556, targeting a range of Rs 2610-2650 in the near term. The bullish outlook for Mphasis remains strong as long as it holds above its 20DMA, presently positioned at Rs 2415, which serves as a critical support level. Investors are advised to buy at the current market price (CMP) with a stop loss at Rs 2415 on a closing basis.
Supreme Industries: Inverse Head & Shoulders Signals Bullish Reversal
Supreme Industries (NSE: SUPREMEIND), a leader in plastic products, is another strong recommendation from Mehta, driven by a clear bullish reversal pattern. The stock has broken out of an "inverse head-and-shoulders" formation, a classic technical indicator suggesting a significant upward trend reversal.
Further strengthening this positive signal, the stock closed above its 20DMA in Monday’s trading session. Concurrently, its daily momentum indicator turned bullish on Friday after registering a positive crossover. This confluence of an improved price structure and robust momentum suggests considerable upside potential. Mehta forecasts Supreme Industries could advance towards the Rs 3750-3825 zone in the upcoming sessions. The bullish sentiment holds firm as long as the stock maintains its position above Rs 3470 on a closing basis, which should be considered as a key support and stop-loss level for traders. A buy at CMP is recommended.
United Spirits: Poised for an Upside Breakout Post-Consolidation
For United Spirits (NSE: UNITDSPR), India’s largest alcoholic beverage company, the recommendation is to buy above a specific price point, indicating a breakout strategy. The stock had previously broken out of a medium-term resistance line towards the end of July 2026. Following this, it entered a consolidation phase, trading within a narrow range of Rs 1500-1548.
Mehta believes that a decisive close above Rs 1548 will confirm the end of this consolidation and initiate the next leg of its upward journey. This move could propel United Spirits towards the Rs 1620-1650 target zone. The bullish view for United Spirits will remain intact as long as the stock sustains above Rs 1500. Investors are advised to place a stop loss at Rs 1500 on a closing basis.
Kfin Technologies: Emerging from Downtrend with Bullish Momentum
Kfin Technologies (NSE: KFINTECH), a leading financial services platform, presents an intriguing turnaround story. The stock broke out of a smaller consolidation on Friday and, more notably, closed above its 200-day Simple Moving Average (SMA) on Monday. This development is particularly significant as it follows a prolonged downtrend.
Adding to the positive outlook, Kfin Technologies has begun forming a pattern of "higher tops and higher bottoms," a classic sign of a potential trend reversal. The daily momentum indicator further confirmed this bullish shift with a fresh crossover on Monday. These combined signals suggest that the extended downtrend may finally be over, with buying interest returning to the stock. Mehta anticipates Kfin Technologies to move towards the Rs 1020-1060 zone in the short term. A buy at CMP is recommended, with a stop loss set at Rs 938 on a closing basis.
(Disclaimer: The stock market recommendations and views provided in this article are solely those of Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan, and do not necessarily reflect the opinions of this news publication. Investors are advised to conduct their own due diligence and consult with a financial advisor before making any investment decisions.)
