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Trade Spotlight: How should you trade Canara Bank, Britannia, Aster DM Healthcare, RBL Bank, Dynamatic Technologies, and others on February 18?

18 Feb , 2026   By : Debdeep Gupta


Trade Spotlight: How should you trade Canara Bank, Britannia, Aster DM Healthcare, RBL Bank, Dynamatic Technologies, and others on February 18?

The benchmark indices maintained their uptrend, with the Nifty 50 rising two-tenths of a percent on February 17. Market breadth improved, with about 1,820 shares witnessing buying interest compared to 1,092 declining shares on the NSE. The market may remain in positive territory amid volatility. Below are some short-term trading ideas to consider:


Amol Athawale, VP Technical Research at Kotak Securities


Canara Bank | CMP: Rs 149.11


After a declining trend, Canara Bank reversed from its important demand zone. The stock has formed a double-bottom chart pattern on the daily scale and is in a steady up move.


Technical indicators such as the RSI are also indicating a further uptrend from current levels, which could boost bullish momentum in the coming sessions. As long as the stock is trading above Rs 144, the bullish texture is likely to continue, above which the stock could move up to Rs 160.


Strategy: Buy


Target: Rs 160


Stop-Loss: Rs 144


Mahindra and Mahindra | CMP: Rs 3,489.2


After the remarkable up move of the last few sessions, Mahindra and Mahindra witnessed a short-term correction from higher levels. However, on the daily charts, the stock is available near its important retracement zone. The formation suggests a revival of the uptrend from the current levels.


For traders, Rs 3,360 would be the key support level to watch. Above this level, the uptrend structure could continue towards Rs 3,730.


Strategy: Buy


Target: Rs 3,730


Stop-Loss: Rs 3,360


Britannia Industries | CMP: Rs 6,145.5


Britannia is taking a breather after the recent up move and has been consolidating over the last few sessions. The range-bound structure suggests a bullish continuation chart formation. Moreover, the stock has comfortably closed above its breakout levels.


Therefore, the stock is likely to resume its uptrend from the current levels in the coming sessions. For the next few trading sessions, Rs 5,930 could be the trend-decider level for the bulls. If it sustains above the same, we can expect a further uptrend towards Rs 6,570.


Strategy: Buy


Target: Rs 6,570


Stop-Loss: Rs 5,930


Ashish Kyal, CMT, Founder and CEO of Waves Strategy Advisors


Aster DM Healthcare | CMP: Rs 625.9


Aster DM Healthcare has been forming a classical rounding-bottom pattern since January 7, indicating gradual accumulation. In the previous session, the stock gained nearly 1 percent and closed near the neckline, though it failed to register a decisive close above it.


On the daily chart, prices have consistently held above the previous day’s low for the last eight trading sessions, highlighting sustained buying interest at lower levels. Additionally, the 15-EMA has just crossed above the 30-EMA from below, marking a bullish crossover; however, follow-up buying is required for confirmation. For now, a decisive breakout above Rs 630 could trigger a further upside move towards Rs 675 or higher, while the nearest support is placed around Rs 605.


Strategy: Buy


Target: Rs 675


Stop-Loss: Rs 605


RBL Bank | CMP: Rs 322.25


RBL Bank has emerged as one of the top performers in its sector and is now poised for a potential channel breakout. In the previous session, the stock gained over 2 percent, supported by a notable surge in volumes, indicating strong participation from buyers.


Momentum indicators are also turning favourable, with KST (Know Sure Thing) crossing above the zero line after moving above its signal line (red), suggesting improving upside momentum. For now, a decisive break above the prior swing high near Rs 330 is required for bullish momentum to continue, with upside targets of Rs 350–355 levels, while Rs 312 remains a key support to watch on the downside.


Strategy: Buy


Target: Rs 350, Rs 355


Stop-Loss: Rs 312


Cummins India | CMP: Rs 4,597.8


Cummins India has been forming a clear higher-high and higher-low structure since the start of February 2026. Over the past few sessions, prices have been consistently closing near the upper end of the Bollinger Bands, highlighting continued buying pressure and strong momentum.


Along with that, the RSI is trading near 69 levels, which leaves enough room for prices to trend further. The stock is now trading close to the prior swing high of Rs 4,615, which is also a previous record-high level. A decisive breakout above this level could trigger a fresh course of rally, with potential targets of Rs 4,800 followed by Rs 5,000 levels. On the downside, support is placed near the Rs 4,430 level.


Strategy: Buy


Target: Rs 4,800, Rs 5,000


Stop-Loss: Rs 4,430


Aditya Thukral, Founder & Analyst of AT Research & Risk Managers


Bank of India | CMP: Rs 170.2


Bank of India has broken out of a box pattern with an expansion in volumes. The stock also recorded fresh 52-week highs, and the breakout was witnessed in the 14-period RSI as well. The previous resistances have now turned into supports, following the principle of polarity.


The stock is consistently trading above all its major exponential moving averages, viz., the 20-day, 50-day, 100-day, and 200-day EMAs, and we have an established uptrend with the formation of higher highs and higher lows across all time frames. The 14-period RSI reading near 62 levels suggests there is enough room for buyers to push prices further upward.


Any dip towards the breakout range of Rs 168.60–169 will be a buying opportunity, expecting further acceleration in this uptrend.


Strategy: Buy


Target: Rs 179


Stop-Loss: Rs 164


Dynamatic Technologies | CMP: Rs 10,117


Dynamatic Technologies broke out of a box pattern along with an expansion in volumes. The stock prices are now trading above all its major exponential moving averages, viz., the 20-day, 50-day, 100-day, and 200-day EMAs, with all the EMAs sloping upward.


Along with this, an established uptrend in the stock prices across all time frames makes the stock attractive for buying. The 14-period RSI is still reading below the overbought zone, suggesting there is enough room for continued acceleration of this uptrend.


Any intraday dip towards Rs 9,950 levels will be a buying opportunity, as previous resistances have now turned into supports.


Strategy: Buy


Target: 10,450


Stop-Loss: Rs 9,770


Acutaas Chemicals | CMP: Rs 2,075.9


Acutaas Chemicals broke out of a box pattern in the recent past, and prices have been in a continued uptrend since then, following short consolidations. We are witnessing another short consolidation, which is about to end, and prices appear ready to move in line with the larger uptrend.


The stock is well placed above all its major exponential moving averages, viz., the 20-day, 50-day, 100-day, and 200-day EMAs, with all the EMAs sloping upward, which establishes a strong uptrend across all time frames.


Any intraday dip towards the minor support of Rs 2,040 will prove to be a buying opportunity, as previous resistances have now turned into supports.


Strategy: Buy


Target: Rs 2,160


Stop-Loss: Rs 1,990


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