Amid the global uncertainties, the nifty index on the Indian stock market shows continuous strength. Even in the uncertain times of global trade tariffs, the Indian stock market is still in the green. However, retail investors are advised to take complete precautions and use the current market volatility to select the best stocks that can fit their stock investment portfolio. One can find various analysts who offer recommendations based on fundamental and technical analysis. One such professional is Sumeet Bagadia the executive director of choice broking that investors can depend upon.
Known for his experience and knowledge of the Indian stock market, Sumeet Bagadia and his recommendations can help investors select the best stocks for long-term investment. He even recommends that investors open free demat account and initiate their investment journey. Sumeet Bagadia can help beginner investors with their stock selection process.
Following is a list of the top five technical stock picks that investors can select in April 2025 that can deliver them explanation returns in the future:
Reliance Industries Ltd
Occupying the first position in the list of the best technical stock picks by Sumeet Bagadia, Reliance Industries is a must-buy for investors who wish to invest in the stock market for a long time. The stock has broken out from its key resistance levels in the near term and should be included in the stock investment portfolio. Known for its strong volumes and bullish technical and fundamental indicators, Reliance Industries Ltd offers the best investment opportunity with its target price reaching up to ₹2980 in the medium term.
Tata Power
With a heightened focus on renewable energy solutions and the development of necessary infrastructure, Tata Power is another stock pick that Sumeet Bagadia is considering for investment in the long term. Showing a bullish pattern on the daily chart, Tata Power can deliver a great break out in the near term. Moreover, with a strong focus on renewable energy solutions, awkward market trends, and other bullish indicators, Tata Power is an attractive stock selection that investors can select.
HDFC Bank
Considered one of the leading banking institutions in India, HDFC bank is still a favorite pick of Sumeet Bagadia for beginner as well as experienced investors. Despite the volatility in the banking sector, HDFC Bank is showing strength with a steady technical base. With continuous improvements in the banking sector, HDFC Bank will surely offer great returns to investors in the long term.
ITC Ltd
With a target of ₹490, ITC Ltd is another favorite stock selection that Sumeet Bagadia considers for the investment portfolio of the investors. Currently trading above its key moving average price, ITC Ltd can deliver exponential returns fuelled by high volumes and strong demand from customers. Moreover, the stock can serve as a perfect pick for investors who wish to include defensive stocks that are protected from market volatility.
Larsen & Turbo:
Showing a bullish trend with a target price of ₹3850, Larsen & Toubro is another recommended stock by Sumeet Bagadia. With strong support from the government in infrastructure and capital development, the company and its stock can benefit immensely. Moreover, with strong price action and heavy buy and sell volumes, investors can easily see a breakout in the near future making Larsen & Turbo a must-buy stock for beginner investors.
Conclusion
Sumeet Bagadia’s recommendations for stocks can help investors with their investment journey. Offering a perfect balance between explanation returns and safety, the above-mentioned stocks can offer strong growth potential for investors in the year 2025.
