Stock Market Recommendations: IndusInd BankAnd UPL are on top stock recommendations Considering a period of 3 months to February 20, 2026 by Bajaj Broking Research. The brokerage also shared its outlook on Nifty and Bank Nifty:nifty outlookThe index formed a big bearish candle on the daily chart and slipped below the lower boundary of the 25,500-26,000 consolidation range, indicating a decisive loss of short-term momentum. The sharp fall has taken Nifty close to its previous low, making the near-term trend cautious and indicating the need for stability at lower levels.Technically, the index has broken below both the 50-day EMA and 21-day EMA in a single move, indicating strong selling pressure. The 200-day EMA, which is near 25,200, is now the next important short-term support area and looks vulnerable if the follow-on selloff continues in the coming sessions.On the downside, immediate support is seen at 25,350 and 25,000, which may act as important supports in case of further weakness. On the upside, resistance is placed at 25,650, followed by 25,720, where any pullback is likely to face selling pressure.bank nifty outlookThe index gave up most of the gains of the last two sessions and formed a big bearish candle on the daily chart, indicating strong profit booking near all-time highs. It witnessed a sharp selloff from higher highs and ultimately closed near the day’s low, indicating sustained weakness throughout the session.The 21-day EMA, placed around 60,300, emerges as the key level to watch, as the index has found support close to this average on several prior occasions. Immediate support is seen at 60,300, followed by 60,000.On the positive side, near-term resistance is located at 61,500 and 61,750. In the near term, the index is likely to trade within a broad range of 60,000-61,500, and a decisive breakout on either side could trigger fresh directional momentum.
Stock Recommendations:
IndusInd BankBuy in the range of ₹920-930
| Target | stop shedding | return | time limit |
| ₹1060 | ₹ 880 | ~14% | 3 months |
On the weekly chart, IndusInd Bank shows a sustained recovery after a prolonged downtrend, with the price remaining above 21 EMA, indicating recovery in momentum. The stock appears to be forming a circular base and after a gradual upward move is now consolidating near 900-950 zone.The rising 21 EMA is acting as immediate support, while the RSI near the 50-60 range reflects neutral-to-positive strength.Immediate resistance is placed at 950-980 followed by 1060 which is 200 weeks EMA. On the downside, support is seen at 880-860.UPLBuy in the range of 750-765
| Target | stop shedding | return | time limit |
| ₹ 830 | ₹ 728 | ~9% | 3 months |
UPL has displayed strong bullish momentum on the daily chart, forming a positive candle while maintaining a clear pattern of higher highs and higher lows, indicating a strong uptrend. The stock has also given a swing breakout supported by a significant increase in trading volumes, reflecting improvement in buying participation and strengthening positive price structure. Also it has started moving above its 21 week EMA which indicates a short-term positive bias. Technically, the breakout provides a favorable risk-reward opportunity in the long term. As long as the stock remains above key support levels, the momentum is likely to remain intact. Going forward, the stock is expected to move towards the ₹830 mark, which coincides with its previous all-time high and acts as the next major resistance area. A strict stop loss should be maintained near ₹728 to manage the downside risk.(Disclaimer: The recommendations and views given by experts on the stock market, other asset classes or personal finance management are their own. These opinions do not represent the views of The Times of India)