(Sell & Buy) Sumeet Bagadia Recommends Three Stocks Market to Buy on Monday — 9 Sept

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As the stock market continues to navigate through global uncertainties and domestic shifts, market analysts like Sumeet Bagadia are offering insights on how investors can approach the markets with a balanced strategy. Bagadia, a leading market expert and technical analyst, has identified three key stocks that present a strong buying opportunity on Monday, Sept 9. These recommendations are based on thorough technical analysis and are well-suited for both short-term and medium-term investors looking to benefit from market movements.

Sumeet Bagadia’s Top Three Stock Picks for Sept 9

Sumeet Bagadia’s stock recommendations provide a well-diversified mix of sectors, ensuring that investors can spread their risk across multiple industries. Here are the three stocks Bagadia recommends buying for Monday, Sept 9:

1. Tata Steel Ltd (NSE: TATASTEEL)

Tata Steel Ltd, one of India’s leading steel manufacturers, is poised for growth in the coming weeks. The stock has shown consistent strength over the past few trading sessions, indicating that it’s gaining momentum for a bullish trend. With the global demand for steel rising, Tata Steel’s position in the market is expected to improve further.

Key Technical Insights:

  • Resistance Level: ₹128
  • Support Level: ₹116
  • Target Price: ₹140

The stock has recently broken through a critical resistance level of ₹128 and is expected to move upwards. According to Bagadia, Tata Steel presents a medium-term opportunity for investors who want to capitalize on the rising steel demand. It’s recommended to accumulate the stock in the ₹118–₹120 range with a target price of ₹140.

2. HDFC Bank Ltd (NSE: HDFCBANK)

HDFC Bank, a dominant player in India’s banking sector, continues to maintain a strong financial foundation despite the challenges posed by rising inflation and global economic headwinds. The bank has demonstrated resilience, and its stock price is expected to move higher in the coming sessions.

Key Technical Insights:

  • Resistance Level: ₹1,600
  • Support Level: ₹1,550
  • Target Price: ₹1,720

Bagadia advises buying HDFC Bank in the ₹1,550–₹1,570 range for a target of ₹1,720. The stock has formed a strong base around ₹1,550, and a breakout above ₹1,600 would signal a bullish trend. Given its solid fundamentals and leadership in the banking sector, HDFC Bank is a good pick for investors looking for stability and growth.

3. Reliance Industries Ltd (NSE: RELIANCE)

Reliance Industries, a conglomerate with interests in petrochemicals, telecom, and retail, remains a top choice for investors looking to benefit from both short-term rallies and long-term growth potential. The stock has been consolidating for a while and is expected to break out soon, making it a favorable buy.

Key Technical Insights:

  • Resistance Level: ₹2,480
  • Support Level: ₹2,400
  • Target Price: ₹2,550

Reliance Industries is trading near its support level of ₹2,400, making it an attractive entry point for investors. Bagadia expects the stock to test its resistance at ₹2,480 and break above it, with a target price of ₹2,550. Reliance’s diversified business model and strong earnings outlook make it a must-buy for Monday’s trading session.

Why These Stocks?

Sumeet Bagadia’s stock recommendations are grounded in thorough technical analysis and market trends. The stocks mentioned above belong to sectors that are currently witnessing growth or are expected to gain momentum in the near future. These sectors — steel, banking, and conglomerates — offer a balanced exposure to different aspects of the economy, ensuring that investors are not overly reliant on a single industry.

Moreover, these stocks have shown positive technical indicators, such as breaking resistance levels and forming strong support zones. These factors suggest that they are well-positioned for upward movement in the coming sessions. By buying these stocks on Monday, Sept 9, investors can potentially capitalize on both short-term gains and long-term growth.

Stock Market Strategy for Monday, Sept 9

For Monday, Sept 9, investors should consider a balanced approach that includes a mix of large-cap and sector-leading stocks. Bagadia’s stock picks reflect this strategy, focusing on companies with strong fundamentals and positive technical indicators.

  • Accumulate Tata Steel around ₹118–₹120 for a target of ₹140.
  • Buy HDFC Bank in the ₹1,550–₹1,570 range for a target of ₹1,720.
  • Add Reliance Industries at ₹2,400 with a target price of ₹2,550.

It’s essential for investors to set appropriate stop losses and monitor the markets closely. Stock market movements can be volatile, and staying updated with key trends and news is crucial for making informed decisions.

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FAQs on Stock Recommendations

1. What is the significance of support and resistance levels in stock trading?

Support and resistance levels are crucial technical indicators used by traders to predict potential price movements. Support levels refer to the price point at which a stock tends to stop falling and may begin to rise, while resistance levels indicate the point at which the price tends to face selling pressure and could fall.

2. Is it safe to invest in Tata Steel at current levels?

Yes, according to Sumeet Bagadia’s analysis, Tata Steel has broken through its resistance and is trading near its support level, making it an excellent buy. Investors should consider entering around ₹118–₹120 with a target of ₹140.

3. What should I consider before buying HDFC Bank shares?

HDFC Bank has formed a strong support level around ₹1,550, and the stock is expected to test its resistance at ₹1,600. It’s a stable pick for both short-term and medium-term growth, but investors should set a stop loss to minimize risk.

4. Is Reliance Industries a good long-term investment?

Yes, Reliance Industries is a conglomerate with a diverse business portfolio, making it a solid long-term investment. Its current price is near a support level, and the stock is expected to break its resistance soon, providing a good entry point for both short-term and long-term gains.

5. What is the expected timeframe for these stock targets?

The timeframe for reaching these target prices varies depending on market conditions, but these stocks are likely to reach their targets within a few weeks to a few months. It’s essential to monitor market trends and adjust your strategy accordingly.

Conclusion

Sumeet Bagadia’s recommendations for Monday, Sept 9, focus on stocks that offer a blend of short-term potential and long-term stability. By investing in Tata Steel, HDFC Bank, and Reliance Industries, investors can benefit from the bullish trends in key sectors such as steel, banking, and conglomerates. These stocks are positioned to deliver strong returns based on their technical patterns and sectoral performance.

SUNIL SOLANKI

I Am Sunil Solanki, I'm Full Time Content Creator. Currently I am a Blogger and Content Creator at publicdemandnews.com website. I have 6+ Years Experience in Blogging And Content Creation in Various Fields Like Automoblie, Tech Moblie, Sarkari Jobs, Sarkari Result, Syllabus and Exam pattern, Govt Yojana Career News & Exam Updates etc.

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