Buy or Sell: Sumeet Bagadia Recommends Three Stocks to Buy on Monday – 2 June 2025

As the Indian equity markets enter a new trading week on Monday, 2 June 2025, investor sentiment continues to ride on optimism backed by robust macro data and sector-specific tailwinds. Amidst this upbeat backdrop, Sumeet Bagadia, Executive Director at Choice Broking and a widely followed technical analyst, has handpicked three high-conviction buy calls for the day.

Known for his sharp technical insights and market-timing precision, Bagadia’s latest recommendations are focused on breakout candidates with favorable risk-reward ratios and strong volume confirmations. These stocks are ideal for short- to medium-term traders and even swing traders looking for momentum opportunities.

Let’s dive into the three stocks he recommends buying on 2 June 2025, along with detailed technical setups, entry levels, targets, and stop-losses.

1. ICICI Bank (NSE: ICICIBANK)

Technical Buy | Target: ₹1,260 | Stop-loss: ₹1,180

Why ICICI Bank?

ICICI Bank has been consolidating in a narrow range for the past few sessions and has now given a bullish breakout above the ₹1,210 resistance level on the daily charts. The stock is forming higher highs and higher lows, indicating a positive trend continuation. Momentum indicators like RSI (Relative Strength Index) have turned northwards and MACD is showing a bullish crossover.

Technical Setup:

• Breakout Zone: ₹1,210

• RSI: 64 (in bullish territory)

• MACD: Bullish crossover with histogram expansion

• Volumes: Above 20-day average, indicating institutional buying

• Support Level: ₹1,180

• Immediate Resistance: ₹1,260

“ICICI Bank has shown strong resilience near its support and is poised for a fresh leg of rally. A close above ₹1,210 makes it a good candidate for short-term accumulation,” said Bagadia.

Trading Strategy:

• Buy Range: ₹1,215–₹1,225

• Target: ₹1,260

• Stop-loss: ₹1,180

2. Bharat Forge (NSE: BHARATFORG)

Technical Buy | Target: ₹1,280 | Stop-loss: ₹1,180

Why Bharat Forge?

The engineering and defense play has seen renewed buying interest amid defense order inflows and upbeat quarterly earnings. On the technical front, Bharat Forge has formed a bullish cup and handle pattern, and the stock has broken out above ₹1,220 with heavy volumes.

Technical Indicators:

• Chart Pattern: Cup & Handle breakout

• Price Action: Strong support around ₹1,180

• RSI: 68 (nearing overbought but still has steam)

• Bollinger Bands: Price trading near upper band, indicating bullish volatility

• Volume Spike: 1.8x of average 20-day volume

“Bharat Forge is looking technically strong on the charts. It can see swift upside toward ₹1,280 in the coming sessions if it sustains above ₹1,220,” Bagadia noted.

Trading Strategy:

• Buy Range: ₹1,220–₹1,230

• Target: ₹1,280

• Stop-loss: ₹1,180

3. DLF Ltd. (NSE: DLF)

Technical Buy | Target: ₹880 | Stop-loss: ₹820

Why DLF?

With the real estate sector buzzing on fresh demand and project launches, DLF has managed to break out from a multi-week consolidation between ₹820 and ₹860. It has now crossed the ₹860 mark with a surge in volumes. The structure remains bullish, and a move toward ₹880–₹900 is likely in the short term.

Technical Observations:

• Breakout Level: ₹860

• Trendline Resistance Broken: Upward sloping trendline from April breached

• RSI: 71 (bullish, but close monitoring needed)

• ADX: 26 – indicates strengthening trend

• Volumes: Up by 45% over the previous day’s average

“The breakout in DLF is backed by strong technical signals and broader sector support. Traders can look to buy for a quick upside,” added Bagadia.

Trading Strategy:

• Buy Range: ₹860–₹865

• Target: ₹880

• Stop-loss: ₹820

Market Outlook for Monday, 2 June 2025

Before entering any trades, it’s critical to keep a pulse on the broader market mood. Here’s how the indices and key sectors are positioned as we enter the first week of June:

“The broader indices are holding above crucial support levels and showing signs of range expansion. Traders should stay stock-specific and trail stop-losses,” advised Bagadia.

Sector Watch: Where’s the Action?

 Bullish Sectors:

• Private Banks – Breakouts in ICICI, Axis, and Kotak.

• Real Estate – DLF and Oberoi Realty leading the charge.

• Capital Goods – Bharat Forge, L&T showing strength.

 Sectors to Be Cautious:

• IT – Under pressure due to mixed U.S. economic signals.

• FMCG – Margin concerns and high input costs still weigh heavy.

Expert’s Tip for Traders

“Always look at volume participation before chasing a breakout. A stock that moves without volume is often a trap. Let the trade come to you—don’t chase it blindly,” said Bagadia in his closing note.

For Swing Traders:

All three of these picks—ICICI Bank, Bharat Forge, and DLF—can also work for 3–7 day holding periods, provided the broader market remains stable. Traders are advised to use trailing stop-losses once the first target is hit and watch for resistance zones.

Technical Strength Meets Market Tailwinds

Sumeet Bagadia’s stock picks for Monday, 2 June 2025, are firmly rooted in technical validation. With well-defined entry points, targets, and stop-losses, these recommendations offer traders a tactical edge in navigating Monday’s session. Whether you're an intraday scalper or a short-term swing trader, the setups in ICICI Bank, Bharat Forge, and DLF are worth a closer look.

As always, traders must do their own due diligence and adjust positions based on evolving market conditions.