According to The Times of India, Mirae Asset ShareKhan has identified three top stocks to buy today on August 11, 2026. The recommendations include Mazagon Dock Shipbuilders, ICICI Lombard General Insurance, and JSW Energy. Meanwhile, Religare Broking's Ajit Mishra has also recommended three stocks for short-term gains in the current volatile market environment. These selections are based on technical analysis and chart patterns showing positive momentum indicators across different timeframes.
As reported by The Times of India, Mazagon Dock Shipbuilders is recommended as a buy in the range of ₹2,574-2,575 with a stop loss at ₹2,487 and target of ₹2,684. According to Religare Broking's Ajit Mishra, the stock is recommended with a target price of ₹2,790 and stop loss at ₹2,450 for short-term gains. The stock is showing a descending trendline breakout on the weekly chart and forming a higher top and higher bottom pattern above its short-term moving averages. The stock has taken support from the 200-day EMA and is breaking an important resistance level, with key resistance at ₹2,640 and support at ₹2,520. As of January 8, 2025, Mazagon Dock delivered an impressive 1-year return of 94.24% with a market capitalisation of ₹123,553.18 crore. The company's strategic importance in bolstering India's naval capabilities ensures steady government contracts and long-term revenue streams.
According to The Times of India, ICICI Lombard General Insurance is recommended as a buy in the range of ₹1,648-1,649 with a stop loss at ₹1,575 and target of ₹1,740. The stock is taking multiple supports from the 200-week Exponential Moving Average (EMA) and showing a positive RSI divergence on the weekly chart. On the daily chart, the stock has formed multiple positive reversal candles near the demand zone. Key resistance is placed at ₹1,685 while support is at ₹1,600. As of January 8, 2025, the company delivered an impressive 1-year return of 120.04%.
As reported by The Times of India, JSW Energy is recommended as a buy in the range of ₹577-578 with a stop loss at ₹559 and target of ₹600. The stock has formed a higher high and higher low structure on the weekly chart. The overall price structure remains positive, indicating continued buying interest with momentum indicators above the zero line, reflecting strength. Key resistance is at ₹600 while support is placed at ₹559. According to Religare Broking's analysis, the stock is recommended with a target price of ₹600 and stop loss at ₹559 for short-term gains.
The stock market benchmark Nifty 50 extended losses for the third consecutive session on Thursday, settling below 24,000 at 24,396 amid weak global cues due to persistent uncertainty over a potential US-Iran deal and the reopening of the Strait of Hormuz. As per Religare Broking's Ajit Mishra, the 24,350 support level remains crucial with bulls working to defend it. The current market volatility is making it difficult to establish clear directional bias, with mixed trends among key index heavyweights. Mishra recommends focusing on sectors and themes that remain relatively resilient amid ongoing index consolidation, while utilizing market dips selectively to accumulate quality stocks from outperforming pockets.
