Top 5 Stock Picks for June , May was an excellent month in terms of stock performance. The five stocks we discussed in our last video performed really well and delivered solid returns. Now it’s time to gear up for June, and once again, we’re bringing you 5 promising stock picks for the new month.
About the Author
I am a SEBI-registered research analyst. In today’s post, we’ll dive deep into the technical analysis of 5 top stocks that look favorable for the month of June. This is not a buy/sell recommendation list — instead, it’s an educational insight into why these stocks were selected, what patterns they’re forming, and what kind of movement we’re expecting based on chart structures, candlesticks, volumes, and breakout setups.
Let’s begin, but before we move to the first stock — let’s review the performance of our May 2025 picks.
May 2025 Stock Performance Summary:
- SSWL: Gained around 12%
- Timken: Gave the highest return — approx 17%
- IOC: Remained flat
- MOIL: Gained around 7%
- Go Colors: Delivered 9%
Average return across all picks: 9.2% Not bad for a monthly watchlist, right?
Stock #1: Venus Remedies
Technical Outlook:
- The chart showed multiple resistance attempts — 4 to be exact — before finally giving a gap-up breakout with strong volume.
- On the weekly chart, a breakout above previous resistance is clearly visible.
- The stock now looks poised to target its next resistance near ₹600.
Venus Remedies is looking strong both on daily and weekly timeframes.
Stock #2: Elecon Engineering (Elgi Equipments)
Why It Looks Promising:
- A clear downtrend resistance line was tested multiple times and finally broken on the upside with significant volume.
- Built a solid base around ₹420–₹425, providing further confidence.
- On the weekly chart, a multiple inside-bar pattern formed, followed by a breakout.
- If momentum continues, the stock could gradually move toward the ₹750 level — but it will be a zigzag journey, not a straight move.
This is a stock for patient investors, not overnight traders.
Stock #3: Bank of Maharashtra
Why It’s on the Radar:
- Recently, PSU bank stocks surged, including Canara Bank, SBIN, PNB, Bank of Baroda.
- Bank of Maharashtra saw extended consolidation during April and May, and is now standing right at breakout level with good volume.
- Weekly charts indicate an inside-bar breakout, suggesting a potential trend reversal.
- After falling from ₹72 to ₹42, it’s now recovering gradually with a solid base formed at ₹44.
A breakout from current levels could trigger a round-bottom recovery.
Stock #4: MOSCHIP Technologies (Semiconductor Theme)
Technical Strengths:
- A strong downtrend trendline was tested multiple times — and finally broken after 8–9 attempts.
- A Hammer candlestick has formed on the weekly chart, indicating reversal potential.
- A visible Cup and Handle pattern is forming, although the breakout hasn’t come yet.
- If the breakout confirms, potential targets could be in the ₹230–₹250 zone.
This one is worth watching closely for a strong upside breakout.
Final Thoughts
These are not ranked picks, and this list is for educational purposes only.
Always do your own research or consult your advisor before investing. The market rewards patience and preparation, not hype.
If you enjoyed this analysis and want more such content including IPOs, momentum stocks, breakout trades, and sector-specific picks
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