Buy or Sell: Sumeet Bagadia Recommends Three Stocks to Buy on Monday — 23 February 2026

Why It Matters

The outlook signals limited upside for the broader market while highlighting specific equities poised for short‑term gains, guiding investors toward sectors showing technical strength amid a volatile environment.

Key Takeaways

• Nifty expected to trade 25,400‑25,900 range
• Bank Nifty holds above 61,000 support
• Coal India buy target ₹455
• LT buy target ₹4,686
• Canara Bank buy target ₹166

Pulse Analysis

Bagadia’s technical reading places the Nifty 50 in a narrow corridor, suggesting that traders should watch for a decisive move above 25,888 to confirm a renewed bullish bias. The support zone around 25,400‑25,450 offers a safety net, while resistance near 25,700‑25,750 caps upside in the short term. This constrained range reflects broader macro‑uncertainties, including US‑Iran tensions and global trade concerns, yet the market’s resilience is underpinned by solid PMI data and steady private‑sector activity, especially in manufacturing.

The three stock picks stem from clear chart patterns and sector momentum. Coal India has broken out of a prolonged consolidation, trading above key EMAs and finding support at the 100‑day EMA around ₹405, justifying a buy at ₹423 with a target of ₹455. LT rides near its all‑time high, with higher highs and higher lows confirming an uninterrupted uptrend, prompting a buy at ₹4,380 and a target of ₹4,686. Canara Bank, perched near its 52‑week high, benefits from strong demand at the 100‑day EMA and a confluence of support at the 20‑ and 50‑EMA cluster, supporting a buy at ₹154 and a target of ₹166.

For investors, Bagadia’s recommendations offer a tactical playbook: capitalize on sector‑driven strength while respecting defined risk parameters. The stop‑loss levels—₹405 for Coal India, ₹4,190 for LT and ₹148 for Canara Bank—provide clear downside protection if market sentiment shifts. As the broader index remains range‑bound, these individual equities could deliver outsized returns, especially for portfolios seeking exposure to banking, metals and energy themes. However, participants should monitor macro headlines and potential volatility spikes that could test the identified support zones.