Trade Spotlight: How should you trade MCX India, TVS Motor, Laurus Labs, SAIL, RBL Bank, and others on February 26?

Top Trading Ideas for February 26

• Experts pick top 8 trading ideas for February 26 including MCX India, TVS Motor, Laurus Labs, SAIL, RBL Bank

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The benchmark indices bounced back after a day of sharp correction, with the Nifty 50 rising 0.23 percent on February 25. Market breadth improved moderately, with about 1,503 shares advancing against 1,424 declining shares on the NSE. Consolidation is likely to continue as long as the index trades below the downward-sloping resistance trendline. Below are some short-term trading ideas to consider:

Nilesh Jain, VP- Head of Technical and Derivative Research at Centrum Finverse

Lupin | CMP: Rs 2,292.2

Lupin is steadily trending higher, forming a higher top and higher bottom structure on the daily chart. It is also shaping into a rounding bottom pattern and is sustaining above all key short-term and long-term moving averages.

Momentum indicators and oscillators remain firmly in buy mode, while a build-up of long positions further reinforces the bullish outlook. Based on this setup, the stock is well placed for a follow-up move towards its all-time highs near Rs 2,420, with immediate support seen around the 21-DMA at Rs 2,210.

Strategy: Buy

Target: Rs 2,420

Stop-Loss: Rs 2,210

Multi Commodity Exchange of India | CMP: Rs 2,449.2

MCX has delivered a fresh breakout from a falling trendline and has also moved above its short-term 21-DMA, placed at Rs 2,408. Momentum indicators are turning favourable, with the RSI crossing above the 55 mark and the MACD flashing a bullish crossover, signalling strengthening upside momentum.

On the derivatives front, a build-up of long positions further supports the positive bias. Overall, the technical structure indicates that the stock is well positioned to advance towards the Rs 2,650 level in the near term, while immediate support is placed around Rs 2,345.

Strategy: Buy

Target: Rs 2,650

Stop-Loss: Rs 2,345

Blue Star | CMP: Rs 1,942.2

Blue Star has formed a triple-top pattern around the 2,030 level and is facing persistent selling pressure from this zone. The RSI, after touching the 70 mark, has reversed from overbought territory, while the MACD has generated a fresh sell crossover on the daily chart. Overall, the setup signals short-term weakness, and the stock may drift towards its 50-DMA, placed near the Rs 1,840 level.

Strategy: Sell

Target: Rs 1,840

Stop-Loss: Rs 2,004

Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities

TVS Motor Company | CMP: Rs 3,932

On Wednesday, TVS Motor gave a horizontal trendline breakout on the daily scale. As the stock is trading at an all-time high, all moving average-based setups suggest strong bullish momentum. Momentum indicators have strengthened, with the RSI moving above 60 in a rising trajectory, signalling improving bullish momentum.

Additionally, DI+ has crossed above DI- on the ADX indicator, highlighting growing buying dominance. The technical structure now favours a bullish outlook with potential for further upside. Hence, we recommend accumulating the stock in the Rs 3,940–3,910 zone with a stop-loss at Rs 3,790. On the upside, it is likely to test the Rs 4,210 level in the short term.

Strategy: Buy

Target: Rs 4,210

Stop-Loss: Rs 3,790

Laurus Labs | CMP: Rs 1,076.35

Laurus Labs had been consolidating in the Rs 1,045–985 range since February 12 and has now delivered a decisive breakout, accompanied by a noticeable rise in volumes. Momentum indicators have turned favourable, with the RSI reclaiming the 60 mark after remaining below it since January 9, signalling strengthening bullish momentum.

The MACD line is positioned above the zero line, while widening DI lines indicate a strong presence of buyers over sellers. The overall technical structure has improved significantly, keeping the near-term outlook firmly bullish. Hence, we recommend accumulating the stock in the Rs 1,080–1,070 zone with a stop-loss at Rs 1,030. On the upside, it is likely to test the Rs 1,160 level in the short term.

Strategy: Buy

Target: Rs 1,160

Stop-Loss: Rs 1,030

Steel Authority of India | CMP: Rs 165

SAIL had been consolidating in the Rs 163–149 range since early February and has now given a decisive breakout, supported by a strong surge in volumes. Momentum indicators are turning favourable, with the MACD line on the verge of crossing above the signal line and histogram bars shrinking, indicating a pickup in bullish momentum.

The RSI is also trending higher and has confirmed a breakout from a downward-sloping trendline, further strengthening the positive bias. The overall technical setup points towards a bullish outlook with scope for continued upside. Hence, we recommend accumulating the stock in the Rs 165–163 zone with a stop-loss at Rs 157. On the upside, it is likely to test the Rs 180 level in the short term.

Strategy: Buy

Target: Rs 180

Stop-Loss: Rs 157

Rupak De, Senior Technical Analyst at LKP Securities

RBL Bank | CMP: Rs 329.8

RBL Bank has delivered an expanding wedge breakout on the upside, suggesting rising optimism. Additionally, the stock has successfully retested the breakout level, indicating strength. The price has been sustaining above the critical near-term moving average (21-EMA), reinforcing the positive bias. Support is placed at Rs 320, below which the price may weaken. On the higher side, the stock may move towards Rs 348–350.

Strategy: Buy

Target: Rs 348

Stop-Loss: Rs 320

Bharti Airtel | CMP: Rs 1,913.4

Bharti Airtel has fallen below a rising trendline on the weekly chart, indicating increasing bearish sentiment. Moreover, the price has slipped below the 50-week SMA, confirming a negative bias. The RSI has also broken below its rising trendline, reflecting weakening momentum.

On the downside, the stock may decline towards Rs 1,850. Immediate resistance is placed at Rs 1,940, above which the sentiment may turn neutral.

Strategy: Sell

Target: Rs 1,850

Stop-Loss: Rs 1,940