On a Tuesday morning in early October 2026, a retail research head at Mirae Asset ShareKhan, Somil Mehta, offered traders a set of chart-driven instructions: sell three stocks and buy one. The sellers are Dixon Technologies, GAIL and Prestige Estates, each read as having lost its footing on the charts, while Adani Power is presented as a stock finding firm ground near a historical floor. Markets have always tempted people to read patterns into price movements, and here one analyst offers that reading openly, with every call carrying its own exit point so the outcome can be measured against his
Mirae Asset's Somil Mehta Flags Sell Calls on Dixon, GAIL and Prestige Estates, Buy on Adani Power
Three sells and one buy, each with its own stop loss and target
Mark
Why does this set of calls matter to a reader?
Mimi
It's a clear, specific view for the day. Three sells and one buy, each with an entry range, a stop loss and a target.
Mark
What is the common thread in the sell calls?
Mimi
Breakdowns and negative momentum crossovers. Dixon broke weekly support, GAIL fell out of a broad range, and Prestige slipped below a rising trendline.
Luke
Worth being plain: this is one analyst's technical reading. The article gives no earnings or business reasons behind any of the calls.
Mark
And the Adani Power buy?
Mimi
It rests on a demand zone where several indicators line up, including the 50% retracement of the rise from a swing low of 131. He also cites a reversal candlestick near the 200 DEMA.
Luke
Those are interpretations of chart patterns. Nothing in the piece tells us how reliable these calls have been before.
Mark
What makes the levels useful?
Mimi
The stop losses and targets let you check the call against its own terms. Dixon's target is Rs 12,200 and its stop is Rs 13,150, for example.
Luke
Right, but they're a one-day framing. The article doesn't say how long Mehta expects each call to run. And the Times of India disclaims these views.
O Pulso
- Dixon Technologies has slipped below recent support and is forming lower highs and lows, with Mehta urging a sell near Rs 12,748 and a stop at Rs 13,150.
- GAIL has broken out of a broad trading range and keeps getting rejected near its moving averages, a slow erosion that Mehta wants traders to exit around Rs 167-168.
- Prestige Estates has snapped a rising trendline after weeks of tight consolidation, leaving the stock beneath key averages and vulnerable to a breakdown toward Rs 1,385.
- Adani Power is holding at a demand zone where several support lines converge, and a positive reversal pattern and bullish momentum crossover suggest a possible push toward Rs 210.
- Traders are watching whether Dixon can hold below 13,000 and whether Adani Power keeps its footing above Rs 197, with each call's stop-loss marking the line where the thesis fails.
On a Tuesday morning in early October 2026, a retail research head at Mirae Asset ShareKhan, Somil Mehta, offered traders a set of chart-driven instructions: sell three stocks and buy one. The sellers are Dixon Technologies, GAIL and Prestige Estates, each read as having lost its footing on the charts, while Adani Power is presented as a stock finding firm ground near a historical floor. Markets have always tempted people to read patterns into price movements, and here one analyst offers that reading openly, with every call carrying its own exit point so the outcome can be measured against his own numbers. The views rest on technical analysis alone, and the Times of India has noted that they are the analyst's own rather than the newspaper's.
On the morning of October 6, 2026, Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, released four trading calls: three to sell and one to buy. He wants traders to sell Dixon Technologies, GAIL and Prestige Estates Projects, and to buy Adani Power.
Dixon carries the most pointed sell. Mehta suggests selling around Rs 12,748, with a stop at Rs 13,150 and a target of Rs 12,200. On the weekly chart the stock has dropped beneath four weeks of support, and on the daily chart it forms lower highs and lows below the 200-day exponential average. Momentum has turned negative.
GAIL's sell range is Rs 167-168, with a stop at Rs 173.50 and a target of Rs 161. Mehta reads a breakdown from a broad weekly range, followed by repeated rejections near the 20 and 40-day averages and a slow slide below the 200-day line. Momentum again signals negative.
Prestige Estates is a sell at Rs 1,445-1,446, with a stop at Rs 1,500 and a target of Rs 1,385. After three weeks in a narrow band, the stock has broken a rising trendline and sits under its shorter averages, which Mehta reads as a likely breakdown.
Adani Power is the lone buy, entering at Rs 200-201 with a stop at Rs 193 and a target of Rs 210. Mehta sees strong weekly support where the lower Bollinger Band, a 40-week average and a half-retracement of the prior rise converge. Daily candles show a reversal pattern and momentum has turned positive.
Every call sets out its own entry, stop and target, so anyone who follows can judge the result against these numbers. The analysis rests on charts alone, not earnings or fundamentals, and the Times of India notes the views belong to the analyst.
On the morning of October 6, 2026, Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, put out four trading calls: three to sell and one to buy. The stocks he wants traders to sell are Dixon Technologies, GAIL and Prestige Estates Projects. The one he wants them to buy is Adani Power.
Dixon Technologies carries the most pointed sell call. Mehta suggests selling in the range of Rs 12,748-12,749, with a stop loss at Rs 13,150 and a target of Rs 12,200. His reasoning rests on the charts. On the weekly time frame, the stock has fallen below the support of the last four weeks and breached the 38.2% retracement level of its overall rise from the previous swing low. On the daily chart it is forming a lower top and lower bottom pattern below the 200-day exponential moving average (DEMA). Momentum indicators show a negative crossover. He places key resistance at 13,000 and immediate support at 12,400.
GAIL is next, with a sell range of Rs 167-168, a stop loss of Rs 173.50 and a target of Rs 161. Mehta notes that the weekly chart shows a breakdown from a broad trading range. On the daily chart, the stock has been rejected several times near the 20 and 40 DEMA and has slipped below the 200 DEMA, in what he describes as a gradual decline. Momentum indicators again show a negative crossover. Resistance is at 170 and support at 163.
For Prestige Estates Projects, the sell range is Rs 1,445-1,446, with a stop loss at Rs 1,500 and a target of Rs 1,385. The stock has traded in a narrow range for the past three weeks. On the daily chart it has broken below a rising trendline and sits under the 20 and 40 DEMA. Mehta points to repeated rejections near a supply zone and the 200 DEMA, which he reads as a possible breakdown from the consolidation range. Momentum indicators show a negative crossover here too. Resistance is at 1,471 and support at 1,408.
The lone buy is Adani Power, with an entry range of Rs 200-201, a stop loss at Rs 193 and a target of Rs 210. On the weekly chart, Mehta sees strong support near an important demand zone. There, the lower Bollinger Band lines up with the 40-week exponential moving average (WEMA) and with the 50% retracement level of the overall rise from the previous swing low of 131. On the daily chart, the stock is building a base near the 200 DEMA and has formed a positive reversal candlestick pattern. Momentum indicators show a positive crossover, which he reads as bullish strength. Resistance is at 205 and support at 197.
Every call comes with defined entry, stop-loss and target levels, so anyone following them can measure the outcome against Mehta's own numbers. The calls rest on technical chart analysis alone, not on company earnings or other fundamentals. The Times of India notes that the recommendations are the analyst's own views and do not represent the newspaper's. What to watch is whether Dixon holds below 13,000, and whether Adani Power stays above its 197 support.
Citações Notáveis
Dixon Technologies, GAIL and Prestige Estates show weak price structure and negative momentum crossovers, while Adani Power is building a base near its 200 DEMA.— Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan (paraphrased)
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Leia o original em Times of India ↗
Economy & Finance