Stock market recommendations for June 3, 2026, have been provided by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares. He has identified JSW Energy, Adani Energy Solutions, and IFCI as top stocks to consider buying.
JSW Energy: Weekly Breakout with Strong Momentum Structure
Buy: ₹585–₹575 | Stop Loss: ₹540 | Target: ₹680
JSW Energy has recently delivered a strong breakout on the weekly chart, indicating a positive shift in the broader trend. The stock is sustaining above the breakout zone, reflecting continued buying interest and a healthy price structure. The stock continues to trade above its key moving averages, while momentum indicators such as RSI, MACD, and DMI remain supportive, suggesting the up move may continue in the coming weeks.
Adani Energy Solutions: Swing High Breakout with Bullish Momentum
Buy: ₹1500–₹1450 | Stop Loss: ₹1375 | Target: ₹1650
Adani Energy Solutions has witnessed a breakout above its previous swing high, indicating continuation of the ongoing bullish trend. The breakout reflects strengthening price momentum and increasing participation from buyers. The stock remains well placed above its major moving averages, while RSI, MACD, and DMI have also turned bullish, suggesting potential for further upside towards the ₹1650 zone.
IFCI: Trendline Breakout with Improving Momentum
Buy: ₹71.40–₹68.50 | Stop Loss: ₹64 | Target: ₹82
IFCI has delivered a decisive breakout above its long-term falling trendline resistance, indicating a potential trend reversal. The stock is holding firmly above the breakout zone, keeping the bullish structure intact. The stock continues to trade above its key moving averages, while RSI is moving higher and signaling strengthening buying interest, which could drive the stock towards the ₹82 mark.
Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India.
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