Stock market recommendations: JSW Energy, Gujarat Mineral Development Corporation (GMDC), and IRCTC have been recommended by Mehul Kothari, DVP – Technical Research at Anand Rathi Shares as the top stocks to buy today on August 12, 2026:JSW ENERGY: Buy between Rs 570–560 | Stop Loss: Rs 550 | Target: Rs 600The stock continues to maintain a strong technical structure and is currently trading above both its 21-day EMA (Rs 559.86) and 200-day EMA (Rs 534.73). The DMI setup remains favourable, with +DI at 27.05 against -DI at 17.19, while the RSI at 61.10 reflects healthy momentum.After spending some time in consolidation, the stock has regained momentum and moved above its earlier swing highs. The price structure now points towards continuation of the ongoing uptrend, with buyers continuing to hold the upper hand. As long as the stock sustains above the recent breakout zone, the momentum can extend further.Traders may consider entering long positions in the 570 – 560 zone, with a target of 600.GMDC: Buy between Rs 605–595 | Stop Loss: Rs 575 | Target: Rs 655Gujarat Mineral Development Corporation is showing signs of a reversal after spending time consolidating around its key support area. The stock has moved back above both the 21-day EMA (Rs 579.65) and 200-day EMA (Rs 576.07), improving the overall price structure. The DMI has also turned bullish, with +DI at 24.62 well above -DI at 14.69. ADX at 20.72 indicates that the directional trend is gradually picking up, while RSI at 57.59 leaves room for further momentum. The recent recovery and sustained move above the key moving averages indicate renewed buying interest. Holding above Rs 580 would keep the setup favourable and could take the stock towards its recent swing highs.Traders may consider entering long positions in the 605–595 zone, with a target of 655.IRCTC: Buy between Rs 525–515 | Stop Loss: Rs 492 | Target: Rs 565The weekly chart is showing an interesting price pattern. The earlier major decline was around 42%, while the more recent decline stands at nearly 41%, creating an almost equal-length correction. Such symmetry makes the current price zone technically important and raises the possibility that the decline is nearing exhaustion. The weekly RSI is providing additional support to this view.While the stock has made a lower low, the RSI has formed a higher low, resulting in a bullish divergence. The RSI has also moved up from oversold territory, pointing towards a loss of downside momentum.The combination of the near equal-length decline and bullish RSI divergence makes the current zone an interesting reversal setup.Traders may consider entering long positions in the 525–515 zone, with a target of 565.(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.)
