By laksh5382 
Buy or Sell Stock: After the prejudice of strong global markets, Indian stock market The fourth straightforward session ended on Thursday. The Nifty 50 index scored 414 points and closed at 23,851, the BSE Sensex increased by 1508 points and closed at 78,553, and the bank Nifty index rose 1172 points and closed at 54,290. In a holiday-trunk week, the Nifty was 4.48%, the most weekly growth since the week ended on 5 February 2021. The days ended in all Sectoral Index Green, leading the benefits with Nifty Banks, Financial Services, PSU banks and pharma sectors.
While benchmark indices saw enough benefits at the weekly end, comprehensive market indices reduced it. Nifty Midcap 100 and Nifty Small hat The 100 indices obtained the higher 0.60% and 0.37% respectively. The advanced-dysine ratio on BSE was positive for the fourth straight day at 1.59, indicating that advance shares continued to fall.
Stock to buy Monday
Sumit Bagadia, Executive Director of Choice Broking, believes that the Indian stock market has been strengthened after the Nifty 50 index breaks over the 200-Dema Hurdle, which has been placed on 23,400. Bagadia said that the Nifty 50 index may soon touch 24,000. Choice Broking Expert recommended to buy stocks that look strong on technical chart patterns. Regarding shares to buy next week, Sumit Bagadia recommended these three shares: state Bank of India (SBI), Bajaj Finserv, and Grasim industries,
1]SBI: Buy 797.45, target 880, loss stop 757.
SBI share price is currently trading 797.45. After a sharp fall of about 22% from its swing high, the stock entered a consolidation phase within a defined range. Recently, it has been out of this range by forming a rapidly reverse head and shoulder pattern on a daily time frame – a classic inverted formation – a fresh upward steps reflect the potential beginning of steps.
The trading Volume supports noticeable growth brakeouts, leading to a rapidly punished in the setup. If SBI shares above significantly 800 mark, it can further strengthen the boom motion And set the platform to move towards the goal of a reverse 880.
The relative power index (RSI) is at 63.46 and is trending upwards with a positive crossover, indicating growing strength and emotion. From a moving average perspective, Sbin has assured the lower levels and now crossed all its major exponential moving average-short-term (20-day), medium-term (50-day), and long-term (200-day), which further reinforces the vision of fast.
Given the confirmation of favorable technical structure and volume, traders can consider buying SBI shares at current market price 797.45, with stop-loss set 757 to manage risk. As long as the stock stays above its major breakout level and maintains speed, it is well deployed to achieve the opposite target. 880 soon.
2]Bajaj Finserv: Buy @ 2035.30, target 2240, closed losses 1935.
Bajaj Finserv is currently trading 2035.30, hovering near its all -time high levels, and remains in a strong long -term uptrend. The stock is moving forward within a constantly growing parallel channel, characterized by a clear structure of high high and high climbing, which reflects the speed of constant speed.
During the daily time limit, the shares of Bajaj Finserv have formed a strong rapid candle, indicating fresh purchasing interest and potential continuity of uptrend. If the stock manages to maintain up 2050, it can trigger the next leg of the rally, with an inverted target 2240.
The relative power index (RSI) is currently at 66.55, which is trending upwards while the overbott zone, showing that there is still enough space to reversed further. From a moving average perspective, the stock is trading above all its major EMAS-short-term (20-day), medium-term (50-day), and long-term (200-day), which validate the strength of the ongoing rapid trend.
Given the favorable technical structure and strength in many indicators, traders can consider buying Bajaj finerve shares at the current market price. 2035.30, with a stop-loss 1935 to manage negative risk. As long as the stock stays above the major breakout levels and maintains speed, it is well prepared to reach it. 2240 targets soon.
3]Grassim Industries: Buy 2760.70, target 3050, closed loss 2620.
Grassim is trading at the share price 2760.70, in recent sessions a wide consolidation is moving forward within the limit. After hitting its record high, the stock experienced a throbac towards its demand zone, where it found a strong shopping interest and staged a sharp upsurge, which reflects freshly faster emotion.
Grasim share price action suggests a possible breakout from this detailed consolidation range. A permanent step above 2850 can confirm the breakout and pave the way for a reversal target 3050 in near period.
The relative power index (RSI) currently is at 68.68 and is trending upwards, indicating strong speed while leaving some rooms before entering the overbott area. Additionally, Grassim’s share price has recently jumped from all of its major exponential moving averages-short-term (20-day), medium-term (50-day), and long-term (200-day) -Forhar-furferthar indicate an inherent strength in support and inherent in trend.
Given the strong rebound from creative setup and support levels, traders can consider purchasing Grassim shares at the current market price 2760.70, with stop-loss set 2620 to manage risk. A confirmed breakout above 2850 mark can open upside down capacity 3050 target.
Disclaimer: The views and recommendations given in this article are of individual analysts. They do not represent the ideas of mint. We recommend investors to investigate with certified experts before taking any investment decisions.