Top Stocks to Buy on Monday: Sumeet Bagadia Recommends HDFC Bank, Adani Ports

 Top Stocks to Buy on Monday: Sumeet Bagadia Recommends HDFC Bank, Adani Ports, and JSW Steel with Key Targets and Stop-Loss Levels

Market volatility continues to present distinct short-term trading opportunities across major sectors on Indian stock exchanges. To help active traders navigate current technical setups, Choice Broking Executive Vice President Sumeet Bagadia has highlighted three top stock picks for upcoming sessions: HDFC Bank, Adani Ports and Special Economic Zone, and JSW Steel. Each recommendation relies on structural price action breakouts, moving average support levels, and RSI momentum rebounds.

1. HDFC Bank (HDFCBANK): The banking heavyweight is attempting a technical recovery after establishing a firm support floor near its lower falling channel boundary around ₹731. Supported by a weekly hammer candle pattern and a daily RSI rebound to 55.40, the stock has cleared its 20-day Exponential Moving Average (EMA) near ₹716. Traders can consider entering at ₹731 with a Target of ₹790 and a strict Stop-Loss at ₹700.

2. Adani Ports (ADANIPORTS): Demonstrating robust bullish momentum, Adani Ports has reversed off its long-term 200-day EMA support with strong accumulation near ₹1,824. The emergence of a solid Marubozu-like daily candlestick, paired with a daily RSI climbing above its midpoint at 64.04, points to sustained upside expansion. Bagadia advises buying near ₹1,824 for a Target of ₹1,980, placing a Stop-Loss at ₹1,740.

3. JSW Steel (JSWSTEEL): The metal stock shows signs of a structural rebound after finding support near key long-term moving average zones following a mild corrective pullback. With the RSI stabilizing around 47.23, the setup offers significant headroom for momentum resumption toward recent highs. Long positions are recommended at ₹1,276, aiming for a Target of ₹1,380 alongside a Stop-Loss at ₹1,220.

Key Highlights & Trading Metrics

Stock Name	Buy / Entry Price	Target Price	Stop-Loss	Technical Rationale
HDFC Bank (HDFCBANK)	₹731	₹790	₹700	Breakout above 20-day EMA (₹716), weekly hammer candle, and RSI rebound to 55.40.
Adani Ports (ADANIPORTS)	₹1,824	₹1,980	₹1,740	Reversal off 200-day EMA, bullish Marubozu candle, and RSI expanding at 64.04.
JSW Steel (JSWSTEEL)	₹1,276	₹1,380	₹1,220	Accumulation at long-term moving average support zone and neutral RSI (47.23) with upside scope.

• Expert Source: Sumeet Bagadia (Executive Vice President, Choice Broking).

• Market Action: All trades are suggested in the cash segment with disciplined risk-reward parameters.