Purchase or sell: On Monday,Sumeet Bagadia suggested purchasing shares of HDFC Life Insurance Company,Reliance Industries,and Bharat Electronics (BEL).
Led by bulls who started broad-based accumulation across sectors, the Indian stock market benchmark indices,the Sensex and Nifty 50,completed Friday’s trading session with robust gains,ending a three-day losing skid.
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The Nifty 50 closed 319.15 points, or 1.29%, higher at 25,112.40, while the Sensex surged 1,046.30 points, or 1.29%, to conclude at 82,408.17. The Bank Nifty index ended the day at 56,252.85, up 675.40 points, or 1.22%.
The Bank Nifty index increased 1.31% for the week, while the Sensex and Nifty 50 each saw gains of 1.59%.
Next week’s stock market :
On the daily chart, the Nifty 50 made a strong bullish candle and finished above the 25,100 mark.
Following Friday’s dramatic surge, the mood of the Indian stock market has improved. The major benchmark index is expected to reach 25,400 and 25,650 in the near future, while the Nifty 50 index is now above 25,000.
At 24,800,the index has formed a significant base. Therefore,one should continue to take a stock-specific approach and focus on equities that appear to be doing well on the technical chart,according to Choice Broking Executive Director Sumeet Bagadia.
Stocks to purchase :
On Monday,June 23,2025,Sumeet Bagadia has suggested three stocks for purchase.
Bagadia has selected three stocks: shares of Bharat Electronics (BEL),HDFC Life Insurance Company, and Reliance Industries.
On Monday,June 23,2025,Sumeet Bagadia has suggested three stocks for purchase.
The three stocks to purchase on Monday are as follows:
HDFC Life | Purchase | ₹845 as the target price | ₹747 as the stop loss
With a steady pattern of higher highs and higher lows on a daily basis,HDFC Life Insurance Company shares continue their long-term upward trend,amply demonstrating the strength of the current positive momentum.
The uptrend is further supported by the recent price action, which displays a robust breakout from a Rounding Bottom pattern, a traditional bullish continuation setup, followed by a sound retest of the breakout zone.
Following the retest, HDFC Life shares produced a robust bullish candle that was bolstered by steady trading volumes.
This indicated a resurgence of purchasing activity and confirmed the possibility of further growth. The stock may be preparing for its next step higher based on this price behavior.
With a recent positive crossover and an upward trend, the Relative Strength Index (RSI) is currently at 60.83, indicating growing bullish strength and improved momentum.
The positive alignment across timeframes is further supported by the fact that HDFC Life shares are comfortably trading above all of its important moving averages, including the short-, medium-, and long-term EMAs.
A persistent rise over ₹800 would serve as a breakout signal for additional gains, which could soon push the stock closer to higher goals of ₹845.
A continuation of the present uptrend is supported by the technical structure, volume behavior, and momentum indicators that are in good alignment right now.
Reliance Industries’ shares have developed a solid bullish candle on the daily period, supported by high trading volumes.
This puts the stock in position for a breakthrough from its current consolidation zone and indicates a resurgence of buying activity. A strong and long-lasting move over the ₹1,475 mark can serve as a breakout signal and open the door for the subsequent ascending leg.
With a stop-loss at ₹1,410, traders may think about purchasing Reliance shares at the present market price due to the strong technical setup and breakout potential. A successful breakthrough over ₹1,475 might result in a move towards the target of ₹1,585, according to Bagadia.
BEL | Purchase | Stop Loss: ₹390 | Target Price: ₹445
With a steady pattern of higher highs and higher lows, the share price of Bharat Electronics is still in a strong uptrend and is currently trading close to its record high.
The stock is firmly on an upward trajectory thanks to this price structure, which signals strong positive momentum and ongoing investor interest.
Following a brief period of stabilization at higher levels, BEL shares have finally broken out with good volume support, suggesting that buying power has returned and that the upward trend may continue.
In the short run, the stock may accelerate further toward the upside goal of ₹445 if it is able to maintain above the critical ₹410 level.
With a stop-loss set around ₹390, traders may think about purchasing BEL shares at the present market price due to the breakout and strong technical structure.
According to Bagadia, sustained strength above ₹410 might pave the way for an increase toward ₹445.
Disclaimer: bharatbulletin24x7.com does not endorse the opinions or suggestions expressed above; rather, these represent the opinions of individual analysts or brokerage firms. Before making any financial decisions, we encourage investors to consult with qualified professionals.
With a steady pattern of higher highs and higher lows on a daily basis,HDFC Life Insurance Company shares continue their long-term upward trend,amply demonstrating the strength of the current positive momentum.
With a steady pattern of higher highs and higher lows, the share price of Bharat Electronics is still in a strong uptrend and is currently trading close to its record high.