Stock Market Picks for August 4, 2026: Technical Recommendations by Mirae Asset ShareKhan

Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, has issued technical trading recommendations for August 4, 2026. The stock picks include Honasa Consumer Ltd., Gland Pharma Ltd., Bata India Ltd., and Siemens Ltd., providing specific entry points, target ranges, and closing stop-loss levels.

What Happened

Somil Mehta of Mirae Asset ShareKhan outlined buying opportunities across four stocks for August 4, 2026, based on chart setups and momentum indicators.

For Honasa Consumer Ltd., the advice is to buy at current market price (CMP) with a closing stop loss of Rs 437 and target levels between Rs 485 and Rs 500. The share maintains a higher top-higher bottom chart pattern and has traded above its 40-day exponential moving average (EMA) since April 2026. It recently rebounded from the lower Bollinger Band while its daily momentum indicator turned upward near the zero mark.

For Gland Pharma Ltd., the call is to buy above Rs 2586, with a stop loss of Rs 2494 and target targets between Rs 2700 and Rs 2760. The stock continues to find support near its 40-day EMA and is forming a potential cup-and-handle pattern near previous highs, with its daily momentum indicator remaining in bullish territory.

For Bata India Ltd., the strategy is to buy at CMP with a closing stop loss set at Rs 690 and target levels from Rs 736 to Rs 752. The share rebounded from the lower boundary of a rising channel, forming a bullish flag pattern while trading above key daily moving averages and maintaining a bullish weekly momentum indicator.

For Siemens Ltd., the recommendation is to buy at CMP with a closing stop loss of Rs 3740 and target levels between Rs 4050 and Rs 4150. After breaking out from a prolonged consolidation in April 2026, the stock recently surpassed a declining resistance trendline while staying above key daily moving averages.

Key Highlights

• Honasa Consumer: Buy at CMP; Closing Stop Loss: Rs 437; Target: Rs 485 – 500.
• Gland Pharma: Buy above Rs 2586; Stop Loss: Rs 2494; Target: Rs 2700 – 2760.
• Bata India: Buy at CMP; Closing Stop Loss: Rs 690; Target: Rs 736 – 752.
• Siemens: Buy at CMP; Closing Stop Loss: Rs 3740; Target: Rs 4050 – 4150.
• Analyst Attribution: Recommendations shared by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan.

Why This Matters

Technical parameters such as moving averages, Bollinger Bands, cup-and-handle setups, and bullish flag formations provide structured reference points for market participants seeking short-term trends while managing potential losses with stop-loss orders.

What to Watch Next

Traders will observe whether these equities hit their predicted resistance breakouts and price targets, or if price action triggers the specified stop-loss boundaries.

Frequently Asked Questions

Which stocks are recommended for August 4, 2026?

The recommended stocks are Honasa Consumer Ltd., Gland Pharma Ltd., Bata India Ltd., and Siemens Ltd.

Who provided these stock picks?

The stock recommendations were issued by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan.

What is the stop-loss level for Siemens Ltd.?

Siemens Ltd. has a recommended stop loss of Rs 3740 on a closing basis.

Source: Recommendations provided by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, as reported by The Times of India.