Top stock market recommendations: Indian Bank, DLF, and Polycab India – Aakash K Hindocha, Vice President – Research, Nuvama Professional Clients Group/Nuvama Wealth Management has picked these three as the top stocks to buy on August 13, 2026. The analyst has also shared his technical views on Nifty and Bank Nifty.Indian Bank (BUY):
- LCP: Rs 897
- Stop Loss: Rs 855
- Target: Rs 985
After consolidating near its 50-week SMA for 3 months, stock is strongly coming out of its range. This move is accelerated by an inverse head-and-shoulder pattern breakout on the daily chart. With the pattern’s retest also underway, stock is now ready to march forward towards the pattern’s target near 980-985 levels.DLF (BUY):
- LCP: Rs 661.75
- Stop Loss: Rs 630
- Target: Rs 735
With a month-long pennant formation unfolding, stock is placed right at the pattern’s upper bound, brimming near the breakout threshold. Furthermore, the stock’s 14-period ADX is trading near the lows, signifying an impending expansion in volatility. With the lowest point of the pennant (near 630) now a strong base, stock is set to continue its preceding up move.Polycab India (BUY):
- LCP: Rs 9,289
- Stop Loss: Rs 8,920
- Target: Rs 10,030
Since late June, this stock witnessed healthy correction, successfully retesting a prior resistance which is now a robust support. Apart from seeing improvement in price action after retesting this role reversal mark, a near-term trend line breakout occurring on the daily chart is further creating a stronger picture for an imminent upside move towards all-time levels.Index View: NiftyNifty ended flat yesterday, having recovered almost all its intraday losses in the last couple hours of trade along with a final push from the CAS session. For the past two trading sessions, Nifty’s open and high are nearly equal. Hence, it is now crucial for Nifty to overcome 24575 levels for further upside triggers. Above that, Nifty’s 200-day moving average at 24575 will be eyed. Support for the index is placed at 24200, followed by 24050.Bank Nifty ViewWhile the 200-day moving average is acting as a resistance for Nifty, Bank Nifty is holding firm above its 200-DMA. After spending two trading sessions near this level, Bank Nifty closed in green yesterday gaining over 400 points. With 57150 now acting as a strong base, the index remains open for 58300/58600 as per charts.(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.)
