The trading floor gets a clear directive from Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, for October 21, 2026. The call sheet is dominated by bearish signals across the energy and fintech sectors, with ABB standing out as the sole buy recommendation. Mehta’s analysis leans heavily on technical breakdowns, suggesting that capital preservation is the priority for most of the watchlist today.
Premier Energies is the first name on the sell list. The stock is struggling in the ₹899–900 zone, with Mehta advising traders to exit here. The weekly chart shows the stock consolidating below the 50% retracement level of its prior rally from the swing low of 662. On the daily timeframe, rejection from the 40 DEMA—coinciding with the upper Bollinger Band—signals immediate resistance. Momentum indicators have crossed negative, reinforcing the bearish bias. The target is set at ₹860, with a stop-loss at ₹932. Traders should note the key resistance at 920 and immediate support at 883.
Jio Financial Services faces similar headwinds. The stock has broken below its previous swing low, forming a lower top and lower bottom structure beneath the 20 and 40 WEMA lines. This pattern suggests the broader trend remains weak, and any rally is likely to face stiff resistance. Mehta recommends selling in the ₹214–215 range. The downside target is ₹205, while the stop-loss is placed at ₹221.50. Resistance is identified at 219, with support at 209. The negative crossover in momentum indicators adds weight to the sell-off thesis.
ICICI Life Insurance rounds out the sell recommendations. The stock has formed a lower top and lower bottom structure below the 200 WEMA on the weekly chart and has closed below a critical support level. This breakdown points to further downside probability. On the daily chart, the stock is trading below both the 20 and 40 DEMA lines. Mehta advises selling in the ₹438–439 range, with a target of ₹422 and a stop-loss at ₹452. Resistance is at 448, and support is positioned at 429.
Contrastingly, ABB emerges as the buy call. The stock has found support from the lower Bollinger Band and the 40 WEMA for three consecutive weeks, indicating active buying interest at lower levels. On the daily chart, ABB has taken support from the 200 DEMA for the third time, accompanied by bullish reversal candlestick patterns. Momentum indicators show a positive crossover, signaling improving bullish momentum. Mehta recommends buying in the ₹6,974–6,975 range, with a target of ₹7,290 and a stop-loss at ₹6,706. Key resistance is at 7,120, while support is seen at 6,765.
Traders should execute these moves strictly within the specified ranges to manage risk effectively. The technical setups suggest that while ABB offers upside potential, the other three stocks are in corrective phases. Monitor the key resistance and support levels closely, as breaking through these points could trigger further volatility. These recommendations are based on technical analysis and do not account for macroeconomic shifts or company-specific news that may arise during the trading session.