Now Reading: Mehul Kothari recommends JSW Energy, GMDC, IRCTC as top buys
-
01
Mehul Kothari recommends JSW Energy, GMDC, IRCTC as top buys
Mehul Kothari of Anand Rathi Shares has named three stocks as top buys for August 12, 2026. JSW Energy can be bought between Rs 570-560, with a target of Rs 600 and…
The Story in Brief
Mehul Kothari of Anand Rathi Shares has named three stocks as top buys for August 12, 2026. JSW Energy can be bought between Rs 570-560, with a target of Rs 600 and a stop loss at Rs 550. The stock is trading above key EMAs and has positive DMI and RSI readings. Gujarat Mineral Development Corporation (GMDC) is a buy in the Rs 605-595 range, targeting Rs 655, with a stop loss at Rs 575. The stock has reversed from support and moved above its 21-day and 200-day EMAs.
IRCTC is recommended for purchase between Rs 525-515, with a target of Rs 565 and a stop loss at Rs 492. Kothari notes a bullish divergence on the weekly RSI and says the near-equal-length correction of roughly 42% and 41% makes the current zone a potential reversal setup. The Times of India has clarified that the recommendations are the expert's own views.
The Indian Opinion
The brokerage-driven narrative of 'top stocks to buy' often masks the risk that technical levels can fail, especially when traders are encouraged to buy in price zones rather than at a fixed price. While Anand Rathi's analysis shows bullish signals on JSW Energy, GMDC, and IRCTC, these are short-to-medium-term setups with tight stop losses. A 5-8% downside from the suggested buy zone is built into each trade. The real test will be whether these stocks can hold above their 21-day EMAs in the next two to three trading sessions. If they break, the 'reversal' story collapses.
Source: timesofindia.indiatimes.com
This story was synthesised by AI from the source linked above.
