Expert Stock Picks: Sumeet Bagadia's Top 3 Stocks to Buy This Monday, March 24, 2025!

On March 24, 2025, market analyst Sumeet Bagadia provided insights into three compelling stock picks for investors looking to make strategic purchases. His recommendations include Adani Ports and Special Economic Zone Ltd, Larsen & Toubro Ltd, and Tata Motors Ltd. These selections are backed by recent market trends and technical analysis, making them intriguing opportunities for both seasoned and novice investors.

Adani Ports: A Strong Buy Recommendation

Bagadia suggests acquiring Adani Ports, currently trading at ₹1188.8, with a stop-loss set at ₹1140 and a target price of ₹1270. The stock has been on a notable recovery path following a period of consolidation.

Current Trading Status: Adani Ports is witnessing a steady uptrend, making its way toward the 200-day EMA resistance level of ₹1,226.16.
Support Levels: The 20-day and 50-day EMAs have provided solid support, aiding its upward movement.
Trend Confirmation: With the 100-day EMA now surpassed at ₹1,184.58, the stock may be on the cusp of a trend reversal, encouraging a potential rally towards ₹1270.

For investors, monitoring the Volume Weighted Average Price (VWAP) of approximately ₹1180 is crucial. If Adani Ports can maintain its price above this level, a recovery is expected soon.

Larsen & Toubro: Strong Upswing Ahead

For those interested in infrastructure stocks, Bagadia recommends Larsen & Toubro (L&T), currently priced at ₹3415.95. With a stop-loss at ₹3280, he sets a target of ₹3635.

Recent Performance: The stock has shown a significant rebound from recent lows, with strong buying activity and volume supporting its surge.
Resistance Levels: Following a bounce back, L&T is positioned above both the 20-day and 50-day EMAs, indicating bullish momentum. A breakthrough above the 3450 resistance level is essential for further gains.
Market Sentiment: The Relative Strength Index (RSI) indicates positive momentum at 63.33, signaling potential for more upward movement.

Investors who have already entered this position should consider trailing stop losses around ₹3333, while those looking to invest now can do so with a target of ₹3635.

Tata Motors: An Upswing in Progress

Lastly, Bagadia highlights Tata Motors, which is currently trading at ₹702.95. He advises a stop-loss at ₹675 with a target of ₹750.

Stock Recovery: Tata Motors is showing signs of recovery after recent declines, having crossed both the 20-day and 50-day EMAs, which indicates a bullish trend.
Key Resistance: The next significant hurdle is the 100-day EMA at ₹749. A decisive move past this level could lead to further upward momentum towards the ₹800 – ₹850 range.
Volume Insights: Consistent trading volume is a positive sign, but a breakthrough on stronger volume is needed to confirm a sustained uptrend.

For Tata Motors, maintaining a price above the VWAP of around ₹695 will be crucial for anticipated recovery. Investors are encouraged to look for buying opportunities on dips with a keen eye on the target of ₹750.

In summary, these three stocks—Adani Ports, Larsen & Toubro, and Tata Motors—offer promising potential for investors seeking to capitalize on current market conditions. Always remember to conduct your own research and consider market trends before making investment decisions.