Sumeet Bagadia Names Five Breakout Stocks With Targets

The stock market recovered after falling sharply in the previous session.

The Sensex and Nifty both finished higher, helped by buying in banking shares.

Analyst Sumeet Bagadia selected five stocks that he believes have promising chart patterns.

These stocks are Heritage Foods, eClerx Services, JK Paper, HDFC Bank, and Aegis Logistics.

Each recommendation includes a price at which to buy, a possible target price, and a stop-loss level.

A stop loss is a price that can limit losses if the stock falls.

Bagadia said the Nifty is still in a cautious position despite signs of a possible rebound.

He said the Bank Nifty looked somewhat stronger after recovering from its intraday low.

The recommendations depend on the stocks continuing to hold important support levels.