Anand Rathi Shares has identified Bata India, IFCI, and KFin Technologies as its top stock recommendations for August 19, 2026, according to Business-Today. Mehul Kothari, DVP - Technical Research at Anand Rathi Shares, outlined specific buy zones, stop-loss levels, and price targets for each equity, citing technical indicators such as the Keltner Channel, Relative Strength Index (RSI), Directional Movement Index (DMI), and Average Directional Index (ADX).
Bata India: Higher-Low Structure Points to Reversal
According to Kothari, Bata India is showing signs of a potential trend reversal after forming a higher-low structure near the Rs 650–700 zone. The stock has moved above the Keltner Channel mid-band, while RSI at 51.17 indicates improving momentum. The DMI is supportive, with +DI at 27.54 above -DI at 19.53. The stock has also taken support near the yearly Camarilla S4 pivot, strengthening the downside support structure.
Kothari recommends buying Bata India in the Rs 750–760 zone, with a stop loss at Rs 699 and a target of Rs 850. Sustaining above Rs 750–760 could trigger further recovery towards Rs 850, the analyst noted. Traders may consider entering long positions in the 760–750 zone, with a target of Rs 850, according to the report.
IFCI: Constructive Setup After Consolidation
For IFCI, Kothari recommends buying between Rs 77 and Rs 79, with a stop loss at Rs 72.5 and a target of Rs 90. The stock is showing a constructive technical setup after a period of consolidation, according to the analyst. It is trading above the Keltner Channel mid-band, indicating improving price structure. RSI at 60.10 reflects positive momentum without entering the overbought zone.
The recent price action also shows higher lows and improving recovery momentum from the lower Keltner region. Overall, the technical structure is turning constructive, with improving momentum and positive directional bias supporting further upside potential, Kothari said. Traders may consider entering long positions in the 79–77 zone, with a target of Rs 90, according to the report.
KFin Technologies: Breakout from Falling Trendline
KFin Technologies is the third pick, with a recommended buy between Rs 955 and Rs 975, stop loss at Rs 910, and target at Rs 1,055. According to Kothari, the stock is showing a strong bullish technical setup, breaking out of a short-term falling trendline and reclaiming the Keltner Channel mid-band. The current price action indicates a breakout from a brief consolidation, supported by improving momentum.
RSI at 63.48 remains firmly bullish without entering the overbought zone. DMI is strongly supportive, with +DI at 29.03 well above -DI at 13.96, indicating clear buyer dominance. ADX at 18.13 is rising, suggesting trend strength is gradually improving, the analyst added. Traders may consider entering long positions in the 975–955 zone, with a target of Rs 1,055, according to the report.
Trading Parameters at a Glance
| Stock | Buy Zone (Rs) | Stop Loss (Rs) | Target (Rs) |
|---|---|---|---|
| Bata India | 750–760 | 699 | 850 |
| IFCI | 77–79 | 72.5 | 90 |
| KFin Technologies | 955–975 | 910 | 1,055 |
Analyst Disclaimer
The recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own, according to Business-Today. These opinions do not represent the views of The Times of India.
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