On October 12, 2026, market analysts are closely watching several prominent stocks, including Ola Electric Mobility Ltd, Adani Enterprises Ltd, and Cupid Ltd. Muthuselvaraj M, a Research Analyst at Mirae Asset Sharekhan, has provided specific recommendations, target prices, and stop-loss levels for traders to consider for the upcoming session.
Adani Enterprises: Potential Rally Ahead
Adani Enterprises has recently shown a 'lower top, lower bottom' pattern on its weekly chart, indicating a potential for continued medium-term weakness towards the Rs 2,505 support level. However, the stock is demonstrating resilience from its recent swing low, with a critical short-term support at Rs 2,550.
- Recommendation: Buy above Rs 2,660
- Target Price: Rs 2,825-2,995
- Stop Loss: Rs 2,550
Analysts suggest that a break above Rs 2,660 could trigger a rally. Additionally, the daily Relative Strength Index (RSI) has turned from the oversold zone, reinforcing a positive near-term trend expectation.
Ola Electric Mobility: Resilient Medium-Term Outlook
Ola Electric Mobility is currently consolidating at its base, trading below its 200-day moving average (DMA). While the short-term trend remains sideways, the medium-term outlook appears robust. Momentum indicators are in the oversold zone, signaling a potential buying opportunity.
- Recommendation: Buy
- Target Price: Rs 43
- Stop Loss: Rs 30
The analyst believes the stock could trend upward once it crosses above Rs 43, which represents a 61.8 percent retracement of its base formation. The overall chart setup points to buying opportunities in the short to medium term.
Cupid Ltd: Sustained Positive Trend
Cupid Ltd has maintained a strong positive trajectory, exhibiting a 'higher top, higher bottom' trend since March 2026. The stock recently hit a 52-week high of Rs 368. This momentum suggests a potential move towards higher price targets in the short to medium term.
- Recommendation: Buy
- Target Price: Rs 399-430
- Stop Loss: Rs 330
With the daily RSI above 70, there is clear buying interest. However, investors are advised to monitor the Rs 330 support zone, as a break below this level could lead to profit-taking. Analysts remain bullish on Cupid, provided the positive trend holds.
Disclaimer: This article provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.