Investors looking for trading ideas on Tuesday, December 16, 2025, received clear recommendations from a market expert. Somil Mehta, who heads Alternate Research and Capital Market Strategy at Mirae Asset Sharekhan, has identified three stocks that traders can consider adding to their portfolios based on technical analysis.
Detailed Technical Analysis and Levels
The expert's analysis is grounded in chart patterns and momentum indicators, providing specific entry and exit points for each stock.
Union Bank of India: Eyeing a Breakout
According to Mehta, Union Bank of India presents a buying opportunity in the price band of Rs 153 to Rs 154. The recommended stop-loss for this trade is set at Rs 145, while the target price is Rs 170.
The stock has been moving sideways for approximately five weeks, consistently holding above its 20-day and 40-day daily moving averages. It has found reliable support near the 10-day moving average, which is currently around Rs 151.85. This consolidation phase is seen as a precursor to the resumption of an upward trend. Momentum indicators have also flashed a bullish signal with a positive crossover below the zero line. For traders, key levels to watch are resistance at Rs 160 and support at Rs 150 and Rs 147.
UPL: Breaking a Falling Trendline
The second pick is UPL. The suggested buy range is between Rs 764 and Rs 765. Investors should place a stop-loss at Rs 730 and aim for a target of Rs 833.
The stock's chart shows a significant technical development: it has broken above a falling trendline while trading above its key short-term moving averages. This breakout suggests that the previous downtrend may be reversing. Furthermore, UPL has been trading in a wide range over the past month and has now managed to break out of that range, surpassing the 20-day daily moving average at Rs 747. The momentum indicators support this bullish view with a positive crossover above the zero line. Immediate resistance is placed at Rs 786, with support at Rs 741.
Britannia Industries: Weekly Support in Play
The final recommendation is for Britannia Industries. The analyst advises buying in the range of Rs 6030 to Rs 6045. The stop-loss for this position is Rs 5810, with a profit target set at Rs 6460.
Britannia has also been in a consolidation phase for several weeks, hovering around its 20-day and 40-day daily moving averages. A crucial point in its favor is the strong support it is receiving from its 20-week moving average, situated near Rs 5870. This weekly support adds strength to the expectation that the stock will start moving higher. Similar to Union Bank, its momentum indicators have triggered a positive crossover below the zero line. Key resistance for Britannia is at Rs 6262, while supports are at Rs 5857 and Rs 5723.
Important Disclaimer for Investors
It is vital for investors to note that these recommendations and views belong solely to the expert, Somil Mehta. They do not represent the official stance of The Times of India. All stock market investments carry risk, and past performance is not indicative of future results. Readers are advised to consult with their financial advisors or conduct their own research before making any investment decisions.
