According to The Times of India, Mehul Kothari, DVP - Technical Research at Anand Rathi Shares, has recommended three stocks as top picks for August 12, 2026. The recommendations include JSW Energy, Gujarat Mineral Development Corporation (GMDC), and IRCTC. These selections are based on technical analysis and current market conditions.
As reported by The Times of India, JSW Energy is recommended as a buy between ₹570-560 with a stop loss at ₹550 and target of ₹600. The stock maintains a strong technical structure, trading above both its 21-day EMA at ₹559.86 and 200-day EMA at ₹534.73. The DMI setup shows favourable conditions with +DI at 27.05 against -DI at 17.19, while the RSI at 61.10 reflects healthy momentum. After consolidation, the stock has regained momentum and moved above earlier swing highs, with the price structure indicating continuation of the ongoing uptrend.
According to The Times of India, Gujarat Mineral Development Corporation (GMDC) is recommended as a buy between ₹605-595 with a stop loss at ₹575 and target of ₹655. The stock is showing signs of reversal after consolidating around key support areas. GMDC has moved back above both the 21-day EMA at ₹579.65 and 200-day EMA at ₹576.07, improving the overall price structure. The DMI has turned bullish with +DI at 24.62 well above -DI at 14.69, indicating improved momentum conditions.
