Investment expert Mehul Kothari, DVP - Technical Research at Anand Rathi Shares, has identified three promising stocks for investors to consider on June 3, 2026. These recommendations are based on technical analysis and market momentum.
JSW Energy
JSW Energy has shown a weekly breakout with a strong momentum structure. The stock is recommended for buying in the range of ₹585–₹575, with a stop loss at ₹540 and a target of ₹680. The stock's performance is supported by key moving averages and momentum indicators such as RSI, MACD, and DMI, suggesting continued upward movement.
Adani Energy Solutions
Adani Energy Solutions has experienced a swing high breakout, indicating a bullish trend continuation. The recommended buy range is ₹1500–₹1450, with a stop loss at ₹1375 and a target of ₹1650. The stock's bullish momentum is backed by its position above major moving averages and positive signals from RSI, MACD, and DMI.
IFCI
IFCI has achieved a trendline breakout, signaling a potential trend reversal. Investors are advised to buy between ₹71.40–₹68.50, with a stop loss at ₹64 and a target of ₹82. The stock's bullish structure is maintained as it trades above key moving averages, with RSI indicating strengthening buying interest.
"These stocks have shown strong technical breakouts, indicating potential upward momentum," said Mehul Kothari, DVP - Technical Research at Anand Rathi Shares.
| Stock | Buy Range | Stop Loss | Target |
|---|---|---|---|
| JSW Energy | ₹585–₹575 | ₹540 | ₹680 |
| Adani Energy Solutions | ₹1500–₹1450 | ₹1375 | ₹1650 |
| IFCI | ₹71.40–₹68.50 | ₹64 | ₹82 |
These stock recommendations are based on technical analysis and do not represent the views of The Times of India. Investors should consider their own risk tolerance and investment goals before making any decisions.
