Somil Mehta of Mirae Asset ShareKhan has released trading ideas for September 1, 2026, highlighting bullish technical setups for IndusInd Bank, CAMS, and Dixon Technologies. The report also flags potential downward pressure for Patanjali Foods based on chart analysis. These recommendations focus on short-term price movements and technical indicators.
Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, has released a fresh technical outlook for the market on September 1, 2026. The brokerage’s latest report focuses on short-term price trends and chart patterns to identify potential trading opportunities for investors.
Bullish Technical Setups
Among the stocks highlighted for positive momentum is IndusInd Bank. The analysis points to a bullish breakout on the weekly charts, characterized by a descending trendline crossing. On a daily timeframe, the stock is showing a pattern of higher tops and higher bottoms, which technical analysts often interpret as a sign of underlying strength. The report suggests an entry range between Rs 1016 and Rs 1017, with a price target of Rs 1060 and a stop loss placed at Rs 980 to manage risk.
Computer Age Management Services (CAMS) is also under the spotlight for potential accumulation. The brokerage suggests an entry point between Rs 782 and Rs 783. This recommendation is supported by observations of institutional buying interest near the 200-day moving average and a hammer candlestick pattern, which sometimes signals a reversal or stabilization after a decline. The target for this trade is set at Rs 824, with a stop loss at Rs 750.
Dixon Technologies Consolidation
Dixon Technologies (India) remains a key focus as it consolidates near the Rs 14,850 level. The stock has been trading steadily above its 40-day and 200-day exponential moving averages, which analysts frequently view as a sign of a strong long-term trend. The brokerage suggests that maintaining support above these levels is crucial, and a move above the Rs 15,000 mark could potentially lead to further upward momentum.
Bearish Outlook on Patanjali Foods
In contrast to the bullish calls, the report identifies negative momentum for Patanjali Foods. The stock is currently trading below its 20-day exponential moving average, which is often a bearish signal. Chart patterns indicate a series of lower highs and lower lows, suggesting that the stock is facing selling pressure. The report advises caution, recommending a potential sell between Rs 346 and Rs 345, with a target of Rs 329 and a stop loss at Rs 357.
Investors should note that these recommendations are based on technical analysis, which focuses on historical price and volume data rather than fundamental business performance. Technical trading involves higher risk and requires strict discipline regarding entry points and stop-loss levels. Market conditions can change rapidly, and price targets are subject to broader market volatility.