Anand Rathi Expert: IFCI, Swiggy, Fortis Top Buy Picks for Feb 11
Overview
Mehul Kothari of Anand Rathi Shares and Stock Brokers identifies IFCI, Swiggy, and Fortis as top stock picks for February 11, 2026. The recommendations are based on technical analysis, citing bullish momentum for IFCI, trend reversal for Swiggy, and range breakout for Fortis, complete with specific buy zones, stop losses, and price targets.
Stocks Mentioned
IFCI Poised for Uptrend
IFCI has exhibited a significant technical breakout, moving above the Williams Alligator indicator. The parallel alignment of the indicator's Jaw, Teeth, and Lips signals the commencement of a sustained upward trajectory following a period of consolidation. Complementing this, the Moving Average Convergence Divergence (MACD) has crossed into positive territory above the zero line, while the Directional Movement Index (DMI) has turned positive. These indicators collectively reflect strengthening investor confidence and an acceleration of buying pressure.
Buy: ₹64–₹61 | Stop Loss: ₹54 | Target: ₹77
Swiggy Signals Trend Reversal
Swiggy has demonstrated a crucial shift in its price action, moving from a pattern of lower highs and lower lows to one characterized by higher highs and higher lows. This transition strongly suggests a reversal of its prior trend. The stock's ability to close above a key weekly pivot resistance level near ₹331 further bolsters this positive outlook. The sustained trading of the hourly Relative Strength Index (RSI) above the 50 mark reinforces a bullish bias, anticipating further upside movement.
Buy: ₹335–₹330 | Stop Loss: ₹315 | Target: ₹360
Fortis Breaks Consolidation Range
Fortis has successfully emerged from a tight consolidation phase, breaking above its 200-day Double Exponential Moving Average (DEMA). This breakout indicates renewed investor interest and the potential for significant price appreciation. Moreover, the presence of bullish divergence on the daily chart points towards improving momentum. This pattern suggests that the uptrend is likely to continue, provided the stock maintains its position above the recently established breakout zone.
Buy: ₹895–₹880 | Stop Loss: ₹840 | Target: ₹970
