The Indian stock market continues to witness volatility as investors react to global economic signals and domestic developments. Despite the uncertain environment, technical analysts are identifying select stocks that show strong bullish momentum and favorable chart patterns.

Market expert Sumeet Bagadia, Executive Director at Choice Broking, has recommended three stocks that traders can consider buying on Monday based on their strong technical setup and positive price action.

According to Bagadia, while the broader market may remain range-bound in the short term, selective stock picking can provide profitable opportunities for short-term traders.

The three stocks recommended by Sumeet Bagadia for Monday trading are:

• Bharat Electronics Ltd (BEL)
• Sun Pharmaceutical Industries Ltd
• NTPC Ltd

These stocks have shown strong technical signals and could attract buying interest if market conditions remain supportive.

Stock Market Outlook: What to Expect on Monday

Before suggesting stock picks, Bagadia shared his outlook on the Indian stock market. He believes that market sentiment remains cautious due to global uncertainties and fluctuating foreign institutional investor (FII) activity.

However, the Nifty 50 and Sensex indices are still holding important support zones, which indicates that the overall bullish structure of the market remains intact.

According to Bagadia, traders should adopt a “buy on dips” strategy instead of chasing stocks after sharp rallies. Identifying technically strong stocks with good support levels may help traders capture short-term gains.

1. Bharat Electronics Ltd (BEL) – Defense Stock Showing Strong Momentum

Bharat Electronics Ltd (BEL) is one of India’s leading defense electronics companies and continues to benefit from increasing government spending in the defense sector.

Technical Analysis

The stock has been trading in a clear uptrend and is forming higher highs and higher lows on the daily chart, which indicates strong bullish momentum.

Key technical indicators suggest that institutional buying interest remains strong, and the stock is maintaining support above key moving averages.

Additionally, defense sector stocks have been gaining investor attention due to India’s focus on defense modernization and domestic manufacturing.

Trading Strategy

Traders may look for buying opportunities in BEL if the stock sustains above its near-term support levels. A breakout above resistance could trigger fresh momentum and lead to further upside.

2. Sun Pharmaceutical Industries – Pharma Giant With Breakout Potential

Sun Pharmaceutical Industries is India’s largest pharmaceutical company and a key player in the global healthcare sector.

Technical Setup

The stock has recently entered a consolidation phase after a previous rally, which is often considered a healthy sign in technical analysis.

During consolidation, stocks tend to build a strong base before making the next upward move. Indicators suggest improving momentum and potential for a breakout.

The pharmaceutical sector also tends to perform relatively well during periods of market volatility, which adds further strength to the stock.

Trading Strategy

Short-term traders can consider buying Sun Pharma if the stock breaks out above its resistance level with strong trading volumes.

Buying on minor dips may also offer favorable risk-reward opportunities.

3. NTPC Ltd – Power Sector Stock With Steady Uptrend

NTPC Ltd, India’s largest power generation company, has been showing strong price stability and consistent demand from investors.

Technical Analysis

The stock has been maintaining a bullish structure on the charts and is trading close to important support levels.

NTPC has shown resilience even during broader market corrections, indicating strong institutional participation.

India’s growing energy demand and government infrastructure push are also positive factors supporting the power sector.

Trading Strategy

If NTPC holds above its key support zone and breaks above near-term resistance levels, the stock could witness further upside in the coming trading sessions.

Traders may look for entry opportunities during pullbacks.

Key Trading Tips for Monday

Sumeet Bagadia advises traders to remain disciplined and selective while trading in the current market environment.

Some important trading rules include:

• Focus on stocks with strong technical setups
• Avoid buying stocks after sharp rallies
• Use strict stop-loss levels to limit losses
• Prefer buying near strong support zones
• Monitor global market trends and news

Following proper risk management and a structured trading strategy can significantly improve trading outcomes.

Conclusion

While the broader market may remain volatile, selective opportunities continue to appear in technically strong stocks.

According to market expert Sumeet Bagadia, Bharat Electronics Ltd, Sun Pharmaceutical Industries, and NTPC Ltd are three stocks that traders can watch for potential buying opportunities on Monday.

However, investors should always conduct their own research and use proper risk management before making any investment decisions.

The stock market involves risk, and disciplined trading remains the key to long-term success.