Stock market recommendations: Tata Steel, Max Healthcare Institute, and Narayana Hrudayalaya – these are the top stok picks from Mehul Kothari, DVP – Technical Research at Anand Rathi Shares for August 26, 2026:Tata SteelTata Steel has formed a multiple-bottom pattern in the Rs 180–185 zone, indicating strong buying interest and accumulation at lower levels. The stock has also developed a bullish divergence on the RSI, where price has tested the support zone repeatedly while momentum has shown improvement. Importantly, these bottoms have been formed near the monthly support level of the Camarilla Pivot, adding further strength to the support zone.The combination of price stability, momentum divergence, and a key monthly support makes the setup favourable for a rebound. Hence, one can consider a buy between Rs 188–184, keeping a strict stop-loss at Rs 178 on a closing basis. The immediate upside target is Rs 201, provided the stock sustains above the Rs 184–188 buying zone.Max Healthcare InstituteMax Healthcare Institute has retraced near the 0.707 Fibonacci level, aligning with the 1.618 AB=CD harmonic completion zone, as highlighted on the chart. This confluence indicates a potential reversal area. The stock has also formed a bullish divergence on the RSI, suggesting improving underlying momentum despite the recent correction.The combination of harmonic structure, Fibonacci retracement, and positive RSI divergence makes the setup favourable for a potential bounce. Hence, one can consider buying in the Rs 1,020–1,000 zone, keeping a strict stop-loss at Rs 980. The immediate upside target is Rs 1,070. Traders should monitor price action around the entry zone for confirmation and maintain the stop-loss discipline.Narayana HrudayalayaNarayana Hrudayalaya has retraced 61.8% of its previous move, an important Fibonacci retracement level that often acts as a key support zone. The stock is also forming a hidden bullish divergence on the daily RSI, indicating that underlying momentum is improving despite the recent price correction.This combination suggests that the ongoing decline may represent a corrective phase rather than a complete trend reversal. The 61.8% retracement provides a crucial support area, while the hidden bullish divergence strengthens the possibility of trend continuation on the upside. As long as the stock sustains this support zone, the setup remains constructive. A reversal from current levels, accompanied by improving RSI momentum, could trigger fresh buying interest and support a further upside move.Traders may consider entering long positions in the 1860-1830 zone, with a target of 1975.(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.)
