Expert Outlook: Top Stock Picks for August 12, 2026

MUMBAI, India – August 12, 2026 – As the trading day commences, investors are keenly eyeing potential opportunities in the Indian equity markets. Renowned market analyst Mehul Kothari, DVP – Technical Research at Anand Rathi Shares, has identified three prominent stocks displaying strong technical indicators for today’s trading session. His recommendations for top stocks to buy today include JSW Energy, Gujarat Mineral Development Corporation (GMDC), and IRCTC, each underpinned by specific technical setups suggesting potential upside.

JSW Energy: Powering Towards New Highs

Kothari highlights JSW Energy as a compelling buy, recommending an entry point between Rs 570–560, with a Stop Loss: Rs 550 and a target of Rs 600. The rationale behind this recommendation is rooted in the stock’s robust technical structure. JSW Energy is currently trading comfortably above both its 21-day Exponential Moving Average (EMA) at Rs 559.86 and its 200-day EMA at Rs 534.73, signaling a strong bullish trend.

Further reinforcing the positive outlook is the favorable DMI (Directional Movement Index) setup, with the +DI (Positive Directional Indicator) at 27.05 significantly above the -DI (Negative Directional Indicator) at 17.19. The Relative Strength Index (RSI) at 61.10 also indicates healthy momentum without being in overbought territory. After a period of consolidation, JSW Energy has broken above its previous swing highs, suggesting a resumption of its upward trajectory. The analyst believes that as long as the stock maintains its position above this recent breakout zone, the current momentum is likely to persist.

GMDC: Mining for Reversal Potential

Gujarat Mineral Development Corporation (GMDC) is another stock drawing Kothari’s attention, with a suggested buy range of Rs 605–595, a Stop Loss: Rs 575, and an ambitious target of Rs 655. GMDC has reportedly shown clear signs of a reversal after consolidating around a critical support area. The stock’s recent movement above both its 21-day EMA (Rs 579.65) and 200-day EMA (Rs 576.07) has improved its overall price structure, indicating renewed buying interest.

The DMI for GMDC has also turned bullish, with the +DI at 24.62 firmly above the -DI at 14.69. The Average Directional Index (ADX) at 20.72 suggests that the directional trend is gradually gaining strength, while the RSI at 57.59 leaves ample room for further upside momentum. Kothari emphasizes that sustained trading above the Rs 580 level would maintain the favorable setup, potentially driving the stock towards its recent swing highs.

IRCTC: Bullish Divergence Signals Turnaround

For IRCTC, Kothari recommends a buying strategy within the range of Rs 525–515, setting a Stop Loss: Rs 492 and a target of Rs 565. The analysis for IRCTC draws heavily from its weekly chart, which presents an intriguing price pattern. A historical major decline of approximately 42% is being mirrored by a recent decline of nearly 41%, creating what Kothari describes as an “almost equal-length correction.” This symmetry is crucial, as it makes the current price zone technically significant and hints that the downside momentum might be nearing exhaustion.

Adding weight to this perspective is a bullish divergence observed on the weekly RSI. Despite the stock making a lower low, the RSI has formed a higher low, a classic indicator of potential reversal. The RSI’s move out of the oversold territory further supports the idea of waning selling pressure. This compelling combination of symmetrical price correction and bullish RSI divergence positions the current zone as an attractive reversal setup for traders.

(Disclaimer: Recommendations and views on the stock market, or any other asset classes or personal finance management tips given by experts and analysts are their own. These opinions do not represent the views of The Times of India.)