{"id":3757,"date":"2025-03-01T12:10:24","date_gmt":"2025-03-01T06:40:24","guid":{"rendered":"https:\/\/www.eqwires.com\/tutorials\/?p=3757"},"modified":"2025-03-01T12:10:25","modified_gmt":"2025-03-01T06:40:25","slug":"buy-or-sell-sumeet-bagadia-recommends-three-stocks-to-buy-on-monday-3-march-2025","status":"publish","type":"post","link":"https:\/\/www.eqwires.com\/tutorials\/buy-or-sell-sumeet-bagadia-recommends-three-stocks-to-buy-on-monday-3-march-2025\/","title":{"rendered":"Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday \u2014 3 March 2025"},"content":{"rendered":"\n

Buy or sell stocks:<\/strong>\u00a0After going sideways to negative for seven straight sessions, the\u00a0Indian stock market\u00a0witnessed a bloodbath during the Friday session. The\u00a0Nifty 50\u00a0index crashed 420 points or 1.86 per cent \u2014 the steepest single-session decline since October 3, 2024, in percentage terms \u2014 and closed at 22,124. The BSE Sensex nosedived over 1400 points and closed at 73,198, while the\u00a0Bank Nifty\u00a0index tanked 399 points and finished at 48,344. Selling in the broad market was more extensive as the BSE Small-cap index crashed over 2.30 per cent, while the Mid-cap index nosedived over 2.15 per cent.<\/p>\n\n\n\n

Sumeet Bagadia’s stock recommendations<\/strong><\/p>\n\n\n\n

Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian\u00a0stock market\u00a0sentiment weakened after the Dalal Street bloodbath. The Choice Broking expert said the Nifty 50 index has broken the crucial support placed at 22,200, and the 50-stock index may now try to test the 21,800 range in the near term. He advised stock market investors to look at those stocks that look strong on the technical chart and suggested buying these three shares: Shriram Finance, IndiGo, and HDFC Bank.<\/p>\n\n\n\n

1] Shriram Finance: Buy at\u00a0\u20b9617, target\u00a0\u20b9653 to\u00a0\u20b9670, stop loss\u00a0\u20b9595.<\/strong><\/p>\n\n\n\n

Shriram Finance’s share price is trading at \u20b9617, having recently rebounded from a key support zone. The stock has formed a bullish candlestick on the weekly timeframe and has successfully broken out of a falling trendline. This breakout strengthens the reversal pattern, suggesting renewed buying interest from market participants. The stock has notably recovered nearly 21% from its recent decline, further reinforcing the bullish sentiment.<\/p>\n\n\n\n

From a technical standpoint, Exponential Moving Averages (EMAs) confirm a strong uptrend, as the stock is currently trading above its 20-day, 50-day, and 200-day EMAs. This alignment of moving averages indicates sustained buying pressure and suggests that the stock is well-positioned for further gains. If Shriram Finance’s share price breaks above the immediate resistance level at\u00a0\u20b9620, it could extend its upward move towards a short-term target of\u00a0\u20b9653.<\/p>\n\n\n\n

Additionally, momentum indicators such as the Relative Strength Index (RSI) support this bullish outlook. The RSI currently stands at 67.36 and is trending upwards, reflecting increasing buying momentum and market strength. On the downside, immediate support is positioned at \u20b9595, a key level to watch in case of any pullback.<\/p>\n\n\n\n

Considering the prevailing technical setup and market conditions, initiating a long position at\u00a0\u20b9617 is a strategic move. A well-defined target range of\u00a0\u20b9653 to\u00a0\u20b9670 offers a favourable risk-reward ratio. Placing a stop-loss at\u00a0\u20b9595 would be a prudent risk management strategy to manage potential downside risks effectively. This approach ensures that any unexpected price reversal is contained while allowing maximum upside potential.<\/p>\n\n\n\n

2] IndiGo: Buy at\u00a0\u20b94477, target\u00a0\u20b94760, stop loss\u00a0\u20b94350.<\/strong><\/p>\n\n\n\n

IndiGo share price is currently trading at\u00a0\u20b94477, having recently surged from the 200-day EMA support level. Additionally, the 20-day EMA has crossed above the 50-day EMA, signalling a continuation of the bullish trend. The stock trades comfortably above these key moving averages, reinforcing positive momentum and indicating strong buying interest. However, the stock faces resistance at a falling trendline and is on the verge of breaking out. A successful breakout would confirm a reversal pattern, supported by rising trading volumes, further strengthening the bullish outlook. This breakout could attract more buyers, leading to a potential price surge.<\/p>\n\n\n\n

A decisive move above the critical resistance level of \u20b94575 would confirm the breakout, providing an ideal entry point for long positions. If this level is breached, the stock has the potential to rally toward an upside target of \u20b94760, further reinforcing positive sentiment.<\/p>\n\n\n\n

Given the current technical setup, traders may consider entering a long position at\u00a0\u20b94477, with a stop-loss placed around the 20-day EMA, currently near\u00a0\u20b94350, to manage risk effectively. While the trade setup appears favourable, it is crucial to remain mindful of short-term volatility and adhere to strict risk management strategies. Ensuring disciplined execution will help maximize potential gains while mitigating downside risks.<\/p>\n\n\n\n

3] HDFC Bank: Buy at\u00a0\u20b91732, target\u00a0\u20b91800, stop loss\u00a0\u20b91670.<\/strong><\/p>\n\n\n\n

HDFC Bank share is trading at \u20b91732, exhibiting strong bullish momentum over the past three sessions. The stock has rebounded from its recent decline and has shown a promising sign of recovery by forming a strong bullish candlestick on the daily timeframe. This reversal is further supported by increasing trading volumes, indicating strong investors’ buying interest and reinforcing the stock’s positive sentiment.<\/p>\n\n\n\n

From a technical perspective, Exponential Moving Averages (EMAs) confirm a strong uptrend, with the stock trading comfortably above its 20-day, 50-day, and 200-day EMAs. Additionally, the price has taken solid support from short-term EMAs, further strengthening the bullish outlook. If HDFC Bank’s share price successfully breaks above the immediate resistance level at \u20b91740, it could extend its rally toward the short-term target of \u20b91800. Momentum indicators also support the bullish stance, with the Relative Strength Index (RSI) currently at 57.25 and trending upward, reflecting increasing buying pressure. On the downside, immediate support is positioned at \u20b91715, which could be a cushion against minor pullbacks.<\/p>\n\n\n\n

Considering the prevailing technical setup and market conditions, initiating a long position at \u20b91732 is well-calculated. With a defined target of \u20b91800, the trade offers a favourable risk-reward ratio. Setting a stop-loss at \u20b91670 would be a prudent risk management approach to manage downside risks effectively, ensuring that any unexpected price reversal is contained while maximizing potential gains.<\/p>\n\n\n\n

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Buy or sell stocks:\u00a0After going sideways to negative for seven straight sessions, the\u00a0Indian stock market\u00a0witnessed a bloodbath during the Friday session. The\u00a0Nifty 50\u00a0index crashed 420 points or 1.86 per cent \u2014 the steepest single-session decline since October 3, 2024, in percentage terms \u2014 and closed at 22,124. The BSE Sensex nosedived over 1400 points and closed at 73,198, while the\u00a0Bank Nifty\u00a0index tanked 399 points and finished at 48,344. Selling in the broad market was more … Continue reading “Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday \u2014 3 March 2025”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":3758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[74],"tags":[],"class_list":["post-3757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-sebi-registered-advisory-company"],"_links":{"self":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/comments?post=3757"}],"version-history":[{"count":1,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3757\/revisions"}],"predecessor-version":[{"id":3759,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/posts\/3757\/revisions\/3759"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media\/3758"}],"wp:attachment":[{"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/media?parent=3757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/categories?post=3757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.eqwires.com\/tutorials\/wp-json\/wp\/v2\/tags?post=3757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}