According to The Times of India, Aakash K Hindocha, Vice President - Research at Nuvama Professional Clients Group/Nuvama Wealth Management, has identified three top stocks for August 13, 2026. The analyst has provided specific entry points, stop losses, and targets for each recommendation, with technical analysis supporting each selection.
As reported by The Times of India, Indian Bank is recommended as a BUY with a LCP of ₹897, stop loss at ₹855, and target of ₹985. The stock has been consolidating near its 50-week SMA for 3 months before showing strong breakout momentum. The technical pattern shows an inverse head-and-shoulder pattern breakout on the daily chart, with the pattern's retest currently underway. This setup positions the stock for potential movement toward the 980-985 levels.
According to The Times of India, DLF is recommended as a BUY with a LCP of ₹661.75, stop loss at ₹630, and target of ₹735. The stock is positioned at the upper bound of a month-long pennant formation, with the 14-period ADX trading near lows signaling potential volatility expansion. The lowest point of the pennant near ₹630 now serves as a strong base, supporting the continuation of the preceding upward movement.
As reported by The Times of India, Polycab India is recommended as a BUY with a LCP of ₹9,289, stop loss at ₹8,920, and target of ₹10,030. The stock witnessed a healthy correction since late June, successfully retesting a prior resistance level that has now become robust support. The technical analysis shows improvement in price action after the retest, with a near-term trend line breakout on the daily chart creating a stronger picture for an upside move toward all-time highs.
According to The Times of India, Nifty ended flat in the previous session, recovering almost all intraday losses in the final couple of hours with support from the CAS session. The index has maintained nearly equal open and high levels for the past two trading sessions, making it crucial for Nifty to overcome 24,575 levels for further upside triggers. Key technical levels include 24,575 as the 200-day moving average, with support placed at 24,200 followed by 24,050. Bank Nifty closed in green yesterday, gaining over 400 points, with 57,150 acting as a strong base and the index remaining open for 58,300/58,600 levels.
