Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — March 11

livemint.com:

Buy or sell stocks: Despite strong global market sentiment on a possible US Fed rate cut buzz, the Indian sock market reamianed range-bound on Thursday last week. The Nifty 50 index added 19 points and closed at 22,493 level, the BSE Sensex went up 33 points and ended at 74,119 mark whereas the Bank Nifty index finished 129 points lower at 47,865 level. However, the broad market witnessed buying interest as the small-cap index went up 0.70 percent while the mid-cap index shot up 0.39 percent.

Sumeet Bagadia, Executive Director at Choice Broking believes that the Nifty 50 index touched a new peak of 22,525 despite high volatility on Dalal Street. The Choice Broking expert went on to add that strong buying in the Tata group stocks worked as an aide for the 50-stock climbing to a new peak on the last session of the truncated week. On stocks to buy on Monday, Sumeet Bagadia recommended three buy or sell stocks for Monday — Chambal Fertilisers, BEL, and Hindustan Unilever Ltd (HUL).

Here we list three buy or sell stocks recommended by Sumeet Bagadia of Choice Broking for Monday: 1] Chambal Fertilisers: Buy at ₹372.75, target ₹400, stop loss ₹350. Chambal Fertilisers share price, currently trading at ₹372.75 levels, has demonstrated noteworthy technical strength. The stock's bounce from crucial support levels and subsequent breach of the initial resistance at ₹360, aligned with the 20-day and 50-day Exponential Moving Averages (EMA), signals a positive momentum.

Notably, Chambal Fertilisers share price is trading above all significant moving averages, affirming its robust technical position. The momentum indicator, Relative Strength Index (RSI), positioned at 58.30, adds further credence to the stock's strength. In the