Mirae Asset ShareKhan’s Head of Retail Research, Somil Mehta, has recommended buying Mphasis, Supreme Industries, United Spirits, and Kfin Technologies on August 18, 2026, according to TOI Business Desk. Each recommendation specifies an entry level, a stop-loss on a closing basis, and a target price range, with the technical calls driven by breakout patterns, moving-average positions, and momentum crossover signals.
The four recommendations at a glance
The recommendations, published by TOI Business Desk, are summarised in the table below with the exact levels cited in the report.
| Stock | Entry Level | Stop Loss (closing basis) | Target Range | Technical Read |
|---|---|---|---|---|
| Mphasis | Current Market Price | Rs 2415 | Rs 2610–2650 | Broke multi-month consolidation; above 200-day moving average |
| Supreme Industries | Current Market Price | Rs 3470 | Rs 3750–3825 | Inverse head-and-shoulders breakout |
| United Spirits | Above Rs 1548 | Rs 1500 | Rs 1620–1650 | Broke medium-term resistance in late July 2026 |
| Kfin Technologies | Current Market Price | Rs 938 | Rs 1020–1060 | Higher tops/bottoms after prolonged downtrend |
Mphasis: Post-breakout consolidation
According to TOI Business Desk, Mphasis broke out of a multi-month consolidation in August 2026 and crossed above its 200-day moving average. Over the past few sessions, the stock has been consolidating just above the breakout point and the 200DMA. Once the sideways move resolves, the stock should break past its recent high of 2556 and head toward the 2610–2650 zone in the coming sessions. The bullish view stays intact as long as it holds above the 20-day moving average at 2415, which also serves as the recommended stop-loss.
Supreme Industries: Inverse head-and-shoulders breakout
Supreme Industries has broken out of an inverse head-and-shoulders pattern, signaling a positive trend shift, according to the report. It crossed above the 20-day moving average in the Monday session, and the daily momentum indicator turned bullish after a positive crossover on Friday. The combined improvement in price structure and momentum points to further upside toward the 3750–3825 zone. The bullish outlook holds as long as the stock remains above 3470 on a closing basis.
United Spirits: Medium-term resistance broken
The report states that United Spirits broke out of a medium-term resistance line toward the end of July 2026 and has since been consolidating above the falling trendline in a short-term trading range of 1500–1548. A close above 1548 would signal the consolidation is over and the next leg of the up-move has begun, potentially taking the stock toward the 1620–1650 zone. The bullish view remains valid as long as the stock holds above 1500, the level also set as the closing-basis stop-loss.
Kfin Technologies: Possible trend reversal
Kfin Technologies broke out of a small consolidation on Friday and closed above the 200-day simple moving average on Monday, according to TOI Business Desk. After a prolonged downtrend, the stock is forming higher tops and higher bottoms, a sign of a possible trend shift. The daily momentum indicator gave a fresh bullish crossover on Monday, suggesting the long downtrend may be over. The stock is expected to head toward the 1020–1060 zone in the short term, with 938 as the stop-loss.
Attribution and disclaimer
The recommendations were made by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, and published by TOI Business Desk on August 18, 2026. The report includes a disclaimer stating that 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, and that these opinions do not represent the views of The Times of India. The stated targets apply in the coming sessions, with the stop-loss levels serving as key support to validate each bullish call.
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