Business

Top stocks to buy or sell today: Stock market recommendations for May 12, 2026 – check list

1 Mins read


Top stocks to buy or sell today: Stock market recommendations for May 12, 2026 - check list
Top stocks to buy or sell today (AI image)

Stock market recommendations: Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan has picked Max Healthcare Institute, and Coal India as the top stocks to buy today (May 12, 2026). AU Small Finance Bank is a sell call from the analyst.Max Healthcare Institute: Buy in the range between Rs 1040 & Rs 1041; Stop Loss: Rs 992; Target: Rs 1100The weekly chart shows a double bottom formation with a strong reversal candle. On the daily chart, the stock is breaking out of a consolidation zone after finding repeated support at the 20 and 40-day EMAs. Simultaneously, momentum indicators are showing a positive crossover above the zero line, confirming bullish strength. The main resistance is at 1060, and the key support is at 1000.AU Small Finance Bank: Sell in the range between Rs 1022 & Rs 1021; Stop Loss: Rs 1065; Target: Rs 956The weekly chart shows the stock consolidating in a broad range, while the RSI indicates a negative divergence. On the daily chart, there is a breakdown of the ascending trendline below the 10-day exponential moving average. Momentum indicators are showing a negative crossover, which suggests bearish weakness. The key resistance is at 1050, and the support is at 985.Coal India: Buy in the range between Rs 463 & Rs 464; Stop Loss: Rs 442; Target: Rs 500On the weekly time frame, the stock is forming a higher top and higher bottom pattern above the 20 and 40-week exponential moving averages. On the daily chart, it is taking support from the 40-day DEMA with a strong reversal candle. Momentum indicators are positive, showing bullish strength. The key resistance is at 475, and the support is at 450.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.)



Source link

Related posts
Business

From buying less gold to cashing in old reserves: How bullion industry plans to cut India’s import bill

2 Mins read
As rupee continues to breach multiple record lows, pressure on India’s balance of payments is growing. To protect foreign exchange reserves and…
Business

‘Taco’ out, ‘Nacho’ in? Wall Street coins new Donald Trump term before China visit

3 Mins read
Wall Street’s menu of market acronyms has officially moved from Tacos to nachos and investors are discovering this new trade comes with…
Business

69 days of crude, 45 days of LPG stock: Petroleum minister Hardeep Puri assures ‘no supply issue’ amid West Asia crisis

1 Mins read
Union petroleum and natural gas minister Hardeep Singh Puri on Tuesday soothed concerns over energy supplies across the country, saying that fuel…
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *