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Trade Spotlight: How should you trade Linde India, CIE Automotive, ICICI Bank, Hindustan Aeronautics, Shreeji Shipping, and others on February 16?

16 Feb , 2026   By : Debdeep Gupta


Trade Spotlight: How should you trade Linde India, CIE Automotive, ICICI Bank, Hindustan Aeronautics, Shreeji Shipping, and others on February 16?

The benchmark indices dropped 1.3 percent on AI-led disruption fears on February 13, with consistent weakness in market breadth. About 2,272 shares were under pressure against 637 advancing shares on the NSE. The market may see consolidation with range-bound trading, though the possibility of a rebound exists after Friday's steep fall. Below are some short-term trading ideas to consider:


Rajesh Palviya, Senior Vice President Research (Head Technical Derivatives) at Axis Securities


Linde India | CMP: Rs 6,900


With last week's strong nearly 14% upmove, Linde India has decisively surpassed the breakout level of the past two years’ down-sloping trendline at around Rs 6,700–6,730, accompanied by huge volumes.


The stock is well placed above its 20-, 50-, 100-, and 200-day SMAs, which reconfirms the bullish trend. The daily, weekly, and monthly RSI are in positive territory, signalling rising strength. The daily and weekly "Bollinger Band" buy signals indicate increased momentum.


Strategy: Buy


Target: Rs 7,500, Rs 8,000


Stop-Loss: Rs 6,600


GNA Axles | CMP: Rs 431.75


On the weekly and monthly timeframes, GNA Axles has confirmed a short-term trend reversal by forming a series of higher tops and bottoms. The rising volumes over the past couple of months indicate increased participation.


The stock is well placed above its 20-, 50-, 100-, and 200-day SMAs, which reconfirms the bullish trend. The weekly and monthly RSI are in positive territory, signalling rising strength. The daily and weekly "Bollinger Band" buy signals indicate increased momentum.


Strategy: Buy


Target: Rs 460, Rs 475


Stop-Loss: Rs 420


CIE Automotive India | CMP: Rs 456.55


Since December 2024, CIE Automotive India has been consolidating in a "symmetrical triangle" formation. With last week's strong 7% upmove, the stock confirmed the breakout at the Rs 445 level, supported by huge volumes, indicating a trend reversal. The stock is well placed above its 20-, 50-, 100-, and 200-day SMAs, which reconfirms the bullish trend. The daily, weekly, and monthly RSI are in positive territory, signalling rising strength. The weekly "Bollinger Band" buy signal indicates increased momentum.


Strategy: Buy


Target: Rs 500, Rs 520


Stop-Loss: Rs 445


Osho Krishan, Chief Manager - Technical & Derivative Research at Angel One


ICICI Bank | CMP: Rs 1,414.6


ICICI Bank has been in a secular uptrend, hovering above all its significant EMAs on the daily chart, with a higher high formation. The technical structure appears positive, with a ‘Flag’ pattern breakout on the daily chart, followed by the SuperTrend indicator favouring bullish price action. Additionally, there have been multiple positive crossovers within the EMAs in the recent period, adding to the bullish quotient. Hence, we recommend buying ICICI Bank around Rs 1,410–1,400.


Strategy: Buy


Target: Rs 1,445, Rs 1,475


Stop-Loss: Rs 1,375


Max Healthcare Institute | CMP: Rs 1,053.6


Max Healthcare Institute has shown a rebound from the previous swing low in recent sessions and has surged above its 20- and 50-day DEMA. From a technical perspective, the counter has formed an ‘Inverted H&S’ pattern, adding to the bullish quotient. Furthermore, the MACD histogram portrays a bullish reversal signal on the daily timeframe. Hence, we recommend buying Max Healthcare Institute around Rs 1,050–1,040.


Strategy: Buy


Target: Rs 1,120, Rs 1,140


Stop-Loss: Rs 990


Hindustan Aeronautics | CMP: Rs 4,212.4


Hindustan Aeronautics has demonstrated a substantial correction in the last couple of weeks, which has pushed the counter toward the 50% Fibonacci retracement zone. Additionally, the technical parameters have turned strongly oversold, and with the stock placed near a historical support zone, a pullback rally could be anticipated in the coming period. Hence, we recommend buying Hindustan Aeronautics on dips around Rs 4,200–4,180.


Strategy: Buy


Target: Rs 4,480, Rs 4,650


Stop-Loss: Rs 3,950


Anshul Jain, Head of Research at Lakshmishree Investments


Shriram Finance | CMP: Rs 1,065.8


Shriram Finance consolidated for 26 sessions in a tight range while riding the rising 10–20-day EMA band, creating classic volatility compression that acted as a launchpad. The eventual breakout above Rs 1,025 confirmed trend strength and triggered momentum expansion, with the price quickly testing the Rs 1,080 zone.


Volume behaviour during the move suggests strong participation rather than short covering. Structurally, the stock remains in a healthy uptrend, with higher lows intact and moving averages providing dynamic support.


Any pullback toward the Rs 1,040–1,020 band is likely to attract fresh demand and offers a favourable add-on zone. Alternatively, a decisive breakout above Rs 1,080 would signal continuation, opening immediate upside toward the Rs 1,140–1,160 zone while keeping risk well defined below the EMA cluster.


Strategy: Buy


Target: Rs 1,140.


Stop-Loss: Rs 1,040


Adani Ports and Special Economic Zone | CMP: Rs 1,519


Adani Ports has completed a multi-week rounding base on the weekly chart, signalling steady accumulation and a transition from correction to trend resumption. The current week’s bearish candle appears to be a pause rather than a reversal, as the price continues to hold above rising supports. The 10-, 20-, and 50-week moving averages are trending higher and converging below the price, forming a strong launchpad for the next leg.


Volume behaviour during the base suggests institutional sponsorship, reinforcing the constructive setup. A decisive move above Rs 1,585 would confirm the breakout and trigger fresh momentum, opening an initial upside toward the Rs 1,800–1,840 zone. Risk remains contained as long as the stock holds above the rising averages, while failure to sustain above them would delay the bullish thesis.


Strategy: Buy


Target: Rs 1,600, Rs 1,650


Stop-Loss: Rs 1,475


Shreeji Shipping Global | CMP: Rs 400.5


Shreeji Shipping has delivered a second IPO base breakout, followed by a tight 24-day cup-and-handle formation that reflects strong post-breakout digestion. The handle is exceptionally narrow and has launched directly off the rising 10-day EMA, which sits firmly above the 20- and 50-day EMAs—creating a classic rising EMA stack that acts as a powerful launchpad.


The breakout has been validated by two consecutive tight closes above the Rs 400 pivot, signalling strong demand absorption and minimal profit booking. The price structure remains constructive, with momentum intact across short-term timeframes.


As long as the stock sustains above the breakout zone, the setup favours continuation toward the initial upside objective near Rs 440, while a drop back below Rs 400 would be the key near-term invalidation.


Strategy: Buy


Target: Rs 440


Stop-Loss: Rs 380


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