Mirae Asset ShareKhan has named Mazagon Dock Shipbuilders, ICICI Lombard General Insurance, JSW Energy and DLF as the top stocks to buy on August 11, 2026, according to recommendations reported by TOI Business Desk. The calls, issued by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, pair each stock with a specific buy range, stop loss and target price derived from chart patterns, momentum indicators and key moving averages.
The four picks at a glance
According to the recommendations, the trade parameters for the four stocks are:
| Stock | Buy range (Rs) | Stop loss (Rs) | Target (Rs) | Key resistance | Key support |
|---|---|---|---|---|---|
| Mazagon Dock Shipbuilders | 2,574–2,575 | 2,487 | 2,684 | 2,640 | 2,520 |
| ICICI Lombard General Insurance | 1,648–1,649 | 1,575 | 1,740 | 1,685 | 1,600 |
| JSW Energy | 577–578 | 559 | 600 | 590 | 568 |
| DLF | 659–660 | 632 | 694 | 670 | 640 |
Mazagon Dock Shipbuilders: trendline breakout and 200-day EMA support
For Mazagon Dock Shipbuilders, the buy call is placed in the range of Rs 2,574–2,575, with a stop loss at Rs 2,487 and a target of Rs 2,684 — the highest target of the four picks. On the weekly chart, the stock is showing a descending trendline breakout, according to the report. On the daily chart, it is forming a higher top and higher bottom pattern above its short-term moving averages.
The stock has taken support from the 200-day exponential moving average (EMA) and is breaking an important resistance level, the analysis stated. The overall price structure remains positive, indicating continued buying interest, while momentum indicators are above the zero line, reflecting strength. Key resistance is placed at 2,640, with support seen at 2,520.
ICICI Lombard: RSI divergence and reversal candles
ICICI Lombard General Insurance is recommended in the range of Rs 1,648–1,649, with a stop loss at Rs 1,575 and a target of Rs 1,740. On the weekly chart, the stock is taking multiple supports from the 200-week EMA and is showing a positive RSI divergence, according to the recommendations. On the daily chart, the stock has formed multiple positive reversal candles near the demand zone.
The stock is attempting to resume its upward trend from a strong support area, while momentum indicators are witnessing a positive crossover, suggesting increasing bullish momentum. Key resistance is at 1,685, while support is placed at 1,600.
JSW Energy: consolidation breakout on higher-high structure
JSW Energy is a buy in the range of Rs 577–578, with a stop loss at Rs 559 and a target of Rs 600. On the weekly chart, the stock has formed a higher high and higher low structure. On the daily chart, the stock has broken out of a consolidation range on the upside while taking support from the 20-day and 40-day EMAs, the report noted.
The trend remains positive as the stock continues to trade above its key short-term averages. Momentum indicators have given a bullish crossover, supporting the positive outlook. Key resistance is placed at 590, while support is seen at 568.
DLF: triangle pattern above short-term averages
DLF is recommended in the range of Rs 659–660, with a stop loss at Rs 632 and a target of Rs 694. On the weekly chart, the stock is forming a base near the 40-week EMA. On the daily chart, the stock has formed a triangle pattern and, in the August 11 session, has moved above its short-term moving averages as well as the 200-day EMA.
A breakout from the current pattern could lead to further upside momentum, according to the analysis. Momentum indicators are showing a positive crossover, signalling improving strength. Key resistance is placed at 670, while support is seen at 640.
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.
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