Stock market analyst Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan, has released his top stock recommendations for today, May 12, 2026. According to Mehta, investors should consider buying Max Healthcare Institute and Coal India, while AU Small Finance Bank is a sell candidate.
Max Healthcare Institute (Buy)
The recommended buy range is between Rs 1040 and Rs 1041, with a stop loss at Rs 992 and a target price of Rs 1100. The weekly chart indicates a double bottom formation accompanied by a strong reversal candle. On the daily chart, the stock is breaking out of a consolidation zone after repeatedly finding support at the 20-day and 40-day exponential moving averages (EMAs). Additionally, momentum indicators have shown a positive crossover above the zero line, confirming bullish strength. The main resistance level is at Rs 1060, while key support stands at Rs 1000.
AU Small Finance Bank (Sell)
Mehta advises selling AU Small Finance Bank in the range between Rs 1022 and Rs 1021, with a stop loss at Rs 1065 and a target of Rs 956. The weekly chart shows the stock consolidating in a broad range, while the Relative Strength Index (RSI) indicates a negative divergence. On the daily chart, there is a breakdown of the ascending trendline below the 10-day EMA. Momentum indicators have shown a negative crossover, suggesting bearish weakness. Key resistance is at Rs 1050, and support is at Rs 985.
Coal India (Buy)
For Coal India, Mehta recommends buying in the range between Rs 463 and Rs 464, with a stop loss at Rs 442 and a target price of Rs 500. On the weekly time frame, the stock is forming a higher top and higher bottom pattern above the 20-week and 40-week EMAs. On the daily chart, it is taking support from the 40-day double exponential moving average (DEMA) with a strong reversal candle. Momentum indicators are positive, showing bullish strength. Key resistance is at Rs 475, and support is at Rs 450.
Disclaimer: The 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.
