Titan, UPL & BEL: Stocks to Watch This Monday for a Profitable Start
Sumeet Bagadia shares his insightful recommendations for Titan, UPL, and BEL, promising potential gains this week.
As the Indian stock market shows signs of renewed activity amid the recent sell-off pressure, Sumeet Bagadia, Executive Director at Choice Broking, offers his keen insights to investors looking for potential gainers. Despite the backdrop of resilience amidst India-Pakistan tension and market downturn last week, Bagadia sees opportunity in three key stocks: Titan, UPL, and BEL.
Resilience in Adversity
The Indian stock market, though showing short-term weakness, still carries potential for those looking to invest wisely. The recent crash saw the Nifty 50 dipping 265 points and the BSE Sensex by 880 points, marking its sharpest fall since early April. Yet, Sumeet Bagadia assures investors that selective, chart-strong stocks could offer significant returns, especially with Titan, UPL, and BEL leading the charge.
Titan: Ready for a Bullish Leap
Titan Company’s shares are currently dynamic, presenting a solid buying opportunity at ₹3510.30. Bagadia highlights the Cup & Handle pattern—a bullish indicator—on the daily chart, hinting at forthcoming upside movement. With a target price of ₹3865, Titan’s steady above-EMA performance positions it positively in the eye of investors.
UPL: Climbing with Confidence
UPL, trading at ₹674.75, has demonstrated a robust uptrend, with consistent higher highs and higher lows. A sustained rise over ₹695 could propel the stock towards the ₹745 mark. With its Relative Strength Index showing a positive trajectory, UPL emerges as a strong contender for bullish trends in the coming sessions.
BEL: Breakout and Beyond
Trading at ₹315.85, BEL presents a promising breakout from a falling parallel channel, sparking interest with its potential uptrend. Bagadia points to a decisive move above the ₹320 level as the key to unlocking growth toward the ₹345 target. BEL’s market activity and technical indicators show increasing bullish sentiment, promising exciting turns for investors.
Sumeet Bagadia’s recommendations showcase strategic buying opportunities amidst fluctuating aspects of the Indian stock market. As quoted in Mint, crucial insights and evaluations of these stocks indicate that investors may capitalize on these growth opportunities by maintaining a well-informed and flexible approach.
Disclaimer: The views provided are of individual analysts and not those of the publication. Investors are advised to consult certified experts before making any investment decisions.
