Analyst Hitesh Rathi flags three Indian stocks as top buys for August 14

On August 14, Hitesh Rathi, technical analyst for equity and derivatives at Angel One, issued buy recommendations for three Indian equities. Amara Raja Energy & Mobility is advised at Rs 945-940, with a protective stop at Rs 770 and a projected rise to Rs 1,200, following a bullish swing engulfing and a multi-brick breakout above Rs 930. Indian Bank is slated for purchase between Rs 895-890, stop loss set at Rs 796, and a target range of Rs 980-1,000, after a weak breakout near its 40-brick EMA and supportive momentum indicators.

Kfin Technologies is recommended at Rs 925-920, with a stop loss of Rs 845 and a target of Rs 1,040-1,050, after a bullish ABCD pattern and a multi-time-frame breakout above the 940-950 zone. The analyst’s forecasts rely on various Renko, point-and-figure and EMA crossovers that suggest strengthening buyer interest. A disclaimer notes that the opinions expressed belong solely to the analyst and do not reflect one outlet's views.