Expert Stock Recommendations for March 18, 2026
In today's dynamic market environment, investors are constantly seeking reliable guidance to navigate volatility and identify promising opportunities. Mehul Kothari, Deputy Vice President of Technical Research at Anand Rathi Shares and Stock Brokers, has highlighted three standout stocks with strong technical setups for potential buying on March 18, 2026. His analysis focuses on Bajaj Finance, HDFC Bank, and Mahindra & Mahindra, each showing distinct bullish signals that could indicate near-term recoveries or momentum shifts.
Bajaj Finance: Bullish Reversal Pattern Emerges
Buy Range: ₹880–₹870 | Stop Loss: ₹848 | Target: ₹930
Bajaj Finance is currently exhibiting a compelling technical setup that suggests a potential reversal from recent support levels. The stock has formed a candlestick structure closely resembling a Bullish Engulfing pattern, which typically signals emerging buying interest after a period of decline. This pattern is further reinforced by a V-shaped recovery in the Relative Strength Index from the oversold zone, indicating a significant improvement in momentum. Additionally, trading volumes have surged above the 20-day average, reflecting stronger market participation and heightened investor activity. These combined factors point towards the possibility of a near-term recovery, provided follow-through buying continues to sustain the upward trajectory.
HDFC Bank: Breakout Signals Momentum Shift
Buy Range: ₹840–₹830 | Stop Loss: ₹812 | Target: ₹880
HDFC Bank has demonstrated a notable technical development by breaking above a falling trendline on the hourly chart. This breakout is a critical signal that suggests a potential shift in short-term momentum from bearish to bullish. The move is supported by a bullish RSI divergence, where the RSI has closed above its previous swing high, indicating strengthening underlying momentum. The alignment between this positive price action and improving momentum metrics highlights growing buying interest among investors. If the stock can maintain its position above the breakout zone, it may pave the way for a sustained upside move in the coming sessions.
Mahindra & Mahindra: Support Zone Rebound Potential
Buy Range: ₹3,030–₹3,000 | Stop Loss: ₹2,890 | Target: ₹3,250
Mahindra & Mahindra is showing signs of stabilization following a sharp correction, with the stock forming a Bullish Engulfing pattern near a key support zone. This technical formation often precedes a rebound, as it indicates that buying pressure is overcoming selling momentum. The RSI has also experienced a V-shaped recovery from oversold conditions, suggesting a potential shift in market sentiment and momentum. With selling pressure appearing stretched and the support zone holding firm, this setup presents the possibility of a short-term technical rebound. Investors should monitor whether the support levels remain intact to confirm the bullish outlook.
Important Disclaimer and Context
It is crucial to note that these recommendations and views on the stock market are provided by the expert and do not represent the opinions of The Times of India or its affiliates. Investors are advised to conduct their own research and consult with financial advisors before making any investment decisions. The stock market involves inherent risks, and past performance is not indicative of future results.
This analysis by Mehul Kothari offers a technical perspective on three prominent stocks, leveraging patterns and indicators to identify potential opportunities. As always, market conditions can change rapidly, and investors should stay informed and exercise caution when acting on such recommendations.
