Now Reading: Sumeet Bagadia recommends buying Federal Bank, M&M, TCS shares
-
01
Sumeet Bagadia recommends buying Federal Bank, M&M, TCS shares
Sumeet Bagadia of Choice Broking has recommended buying three stocks for Monday: Federal Bank, Mahindra & Mahindra (M&M), and Tata Consultancy Services (TCS). For Federal Bank, he suggests a buy at ₹356…
The Story in Brief
Sumeet Bagadia of Choice Broking has recommended buying three stocks for Monday: Federal Bank, Mahindra & Mahindra (M&M), and Tata Consultancy Services (TCS). For Federal Bank, he suggests a buy at ₹356 with a target of ₹390 and stop loss at ₹338. M&M is recommended at ₹3,502 with a target of ₹3,800 and stop loss at ₹3,350. TCS is recommended at ₹2,453 with a target of ₹2,700 and stop loss at ₹2,325.
The analyst noted that Federal Bank shows a strong higher-high, lower-high formation on charts, while M&M has broken above its 200-day EMA. TCS is forming a flag and pole continuation pattern suggesting further upside. The broader Nifty 50 is expected to trade in the 24,300-24,750 range with selling pressure at higher levels, while Bank Nifty may see sideways to bearish trend with support at 57,200-57,400.
The Indian Opinion
Market analysts often make bold predictions that can create a herd mentality among retail investors. While these recommendations come with disclaimers, many retail investors blindly follow them without doing their own research. The real test will be whether these stocks actually reach the target prices in the given timeframe or if investors end up booking losses. A more prudent approach would be to consult a certified financial advisor before making any investment decisions based on such tips.
Source: livemint.com
This story was synthesised by AI from the source linked above.
