Trade Spotlight: How should you trade Siemens, Mankind Pharma, Kotak Bank, DLF, Indegene and others on Tuesday?

Top Buy Ideas

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Bulls maintained control of the street, driving the benchmark indices to a new closing high for another session on September 23, with gains of around half a percent and positive market breadth. Approximately 1,562 shares advanced, while 939 shares declined on the NSE. The Nifty 50 is likely to continue its upward journey, with the possibility of some consolidation. Below are some trading ideas for the near term:

Jay Thakkar, Vice President & Head of Derivatives and Quant Research at ICICI Securities

Kotak Mahindra Bank | CMP: Rs 1,935

Kotak Mahindra Bank has broken out from the downward trendline resistance, accompanied by a bullish crossover in its momentum indicator, the MACD (Moving Average Convergence Divergence), on both the daily and weekly charts. The stock has shown significant long build-up in the September series. With this breakout, there are no major hurdles until the Rs 2,010 level. Hence, the immediate target is Rs 2,010, and beyond that, Rs 2,060. Crucial support is pegged at Rs 1,865, and as long as this level holds, the short-term trend is likely to remain bullish.

Strategy: Buy

Target: Rs 2,010, Rs 2,060

Stop-Loss: Rs 1,865

DLF | CMP: Rs 910

DLF has provided a clear breakout from a sideways consolidation, with its MACD turning bullish in the near term on the daily charts. The stock appears oversold on the weekly charts, increasing the likelihood of a bullish reversal there as well. Last week, the stock experienced short covering, and over the last couple of trading sessions, it has seen long build-up. Therefore, the overall setup looks bullish for DLF.

Strategy: Buy

Target: Rs 950, Rs 970

Stop-Loss: Rs 890

UltraTech Cement | CMP: Rs 11,962

UltraTech has broken out from a falling trendline, with a bullish crossover in its momentum indicator on the daily charts. It appears to have completed a sideways correction and has witnessed a strong long build-up ahead of the expiry week. The short-term trend remains bullish as long as the breakout level of Rs 11,796 (from the triangular pattern) is held. The target on the upside is Rs 12,400.

Strategy: Buy

Target: Rs 12,400

Stop-Loss: Rs 11,796

Pravesh Gour, Senior Technical Analyst at Swastika Investmart

Vedant Fashions | CMP: Rs 1,356

Manyavar is in a classical uptrend, recently breaking out from a Flag formation to continue its rally. The breakout is supported by rising volumes, and the stock is sustaining above the breakout level. It is trading above all key moving averages, with momentum indicators showing a positive bias. On the upside, Rs 1,400 serves as strong resistance, with the next resistance at Rs 1,500. The stock is also respecting its 9-day and 20-day moving averages, signaling trend strength.

Strategy: Buy

Target: Rs 1,504

Stop-Loss: Rs 1,300

Mankind Pharma | CMP: Rs 2,650

Mankind Pharma is experiencing bullish momentum and has formed a bullish Flag pattern, signaling further upside. The previous swing high near Rs 2,700 is the immediate resistance level, with Rs 2,800 as the next target. On the downside, the previous breakout level of Rs 2,600 serves as immediate support, with Rs 2,550 also acting as a strong demand zone. Momentum indicators are aligned with the current trend strength.

Strategy: Buy

Target: Rs 2,810

Stop-Loss: Rs 2,560

Indegene | CMP: Rs 690

Indegene has broken out from a triangle formation on the daily chart and maintains a strong bullish setup. After reaching a fresh all-time high, the stock has retested its previous breakout level of Rs 640. The overall structure looks attractive as the stock is trading above all key moving averages. On the upside, Rs 700–720 are the next key levels, and beyond that, a move towards Rs 800+ is expected in the near to medium term. On the downside, Rs 630 serves as critical support during any pullbacks.

Strategy: Buy

Target: Rs 760

Stop-Loss: Rs 650

Mehul Kothari, DVP – Technical Research at Anand Rathi

Maruti Suzuki | CMP: Rs 12,683

Maruti has been consolidating within a narrow range of approximately Rs 12,000 to Rs 12,500 near its 100-day Exponential Moving Average (DEMA), indicating a phase of indecision or accumulation. Recently, the stock broke out of this consolidation zone, closing near Rs 12,600. This breakout indicates that buyers have gained control, with potential for further upside. The Relative Strength Index (RSI) has also shown a bullish signal, breaking its previous swing high and currently sitting near 60, just below the overbought threshold of 70. Based on these technical signals, it is recommended to buy Maruti in the Rs 12,500 to Rs 12,650 range, with an upside target of Rs 13,500. A stop-loss should be placed near Rs 12,100 on a daily closing basis to manage risk.

Strategy: Buy

Target: Rs 13,500

Stop-Loss: Rs 12,100

Adani Power | CMP: Rs 672

Adani Power has broken through a key bearish trendline on the daily chart, suggesting a potential reversal in momentum from its previous downtrend. The stock had formed a double bottom pattern, a bullish reversal structure, which, along with bullish divergence in the RSI, indicates weakening selling pressure and a likely move upward. This divergence occurred near a significant demand zone, reinforcing the positive sentiment around the stock. It is recommended to enter a long position in the Rs 655-675 range, with an upside target of Rs 755. A stop-loss should be set at Rs 620, with close attention to any daily close below this level.

Strategy: Buy

Target: Rs 755

Stop-Loss: Rs 620

Siemens | CMP: Rs 6,938

Over the past five trading sessions, Siemens has been consolidating within a narrow range of Rs 6,600 to Rs 6,800, with the stock price hovering near its 100-day Exponential Moving Average (DEMA). This period of consolidation suggests potential base formation, with selling pressure likely waning. Recently, the RSI on the daily chart broke above its previous bear trendline, signaling improving momentum. Based on these factors, it is recommended to take a long position in Siemens at around Rs 6,800 to Rs 6,900.

Strategy: Buy

Target: Rs 7,250

Stop-Loss: Rs 6,700

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.