Buy or Sell: Sumeet Bagadia Recommends These Three Stocks for Monday

Buy or Sell: Sumeet Bagadia Recommends These Three Stocks for Monday

_Keywords: Sumeet Bagadia, Stock Recommendations, Buy, Sell, Market Analysis_

Sumeet Bagadia, Executive Director at Choice Broking, provides his discerning stock recommendations for Monday, February 27, 2023.

Buy:

Power Grid Corporation of India (PGCIL): CMP ₹235.55; Target ₹250; Stop Loss ₹225
The stock has formed a bullish engulfing candle on Friday, indicating a potential uptrend.
The weekly RSI has turned positive, suggesting buying momentum.

Sell:

Tatva Chintan Pharma Chem: CMP ₹2749.10; Target ₹2600; Stop Loss ₹2800
The stock has been trading in a range on the daily chart and is facing resistance at ₹2800 levels.
The daily MACD and RSI are bearish, showing a downward trend.

HDFC Life Insurance Company: CMP ₹562.60; Target ₹540; Stop Loss ₹575
The stock has broken below its support level of ₹565 and is likely to face further selling pressure.
The weekly Stochastic has turned negative, indicating a weakening trend.

Disclaimer: These recommendations are based on technical analysis and should not be construed as investment advice. Investors should consult with a financial advisor before making any investment decisions.