6 days ago
Sumeet Bagadia Names Five Breakout Stocks for August 27
Indian stock markets had a mixed day on August 26.
The Sensex and Nifty 50 went down as investors took some profits before important United States inflation data.
The Bank Nifty went up because some private banks performed well.
Sumeet Bagadia said the Nifty 50 still faces selling pressure near higher levels.
He also said the index needs to stay above important support levels to remain stronger.
For August 27, he recommended five stocks that showed bullish chart patterns.
These stocks were Rossell Techsys, Yatharth Hospital, Indigo Paints, Lumax Industries, and Kross.
Each recommendation included a price target and a stop-loss level.
The article based these ideas on indicators such as breakouts, moving averages, trendlines, and RSI.
Sensex fell 183 points and Nifty 50 declined 126.80 points on August 26.
Nifty 50 closed at 24,207.75 after rejection near its 200-day EMA around 24,375.
Bank Nifty gained 269.55 points to close at 57,783.75, supported by private-sector banks.
Sumeet Bagadia recommended Rossell Techsys, Yatharth Hospital, Indigo Paints, Lumax Industries, and Kross.
The recommendations include specified entry prices, upside targets, and stop-loss levels based on technical analysis.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, and investors in Indian equities.
- What
- Bagadia recommended five breakout stocks for potential buying on August 27, while reviewing the latest Nifty 50 and Bank Nifty trends.
- Where
- The Indian equity market.
- When
- The market data concerns Wednesday, August 26, and the stock recommendations are for Thursday, August 27, 2026.
- Why
- The recommendations were based on technical signals including breakouts, bullish price structures, moving averages, trendlines, and RSI readings; the market discussion also cited profit booking ahead of key United States inflation data.
Cautious Market View
Bullish Breakout View
Near-term Nifty direction
Cautious Market View
The Nifty 50 closed at the day’s low, its RSI was weakening, and call open interest around 24,300–24,500 indicated resistance.
Bullish Breakout View
Supportive derivatives data, including a put-call ratio of 1.20 and put open interest around 24,200–24,000, could cushion declines.
Bank Nifty outlook
Cautious Market View
A decisive break below 57,200 could invite profit booking, according to Bagadia.
Bullish Breakout View
Bank Nifty showed relative strength, stayed above its rising trendline and short-term moving averages, and could gain further if it breaks above 58,000.
Individual stock strategy
Cautious Market View
The article’s technical levels identify stop-loss points between ₹205 and ₹5,785, highlighting downside levels that traders should monitor.
Bullish Breakout View
Bagadia’s five picks showed breakouts, higher lows, bullish moving-average alignment, or ascending trendlines, with stated upside targets.
Key facts
- Nifty 50 close
- 24,207.75, down 126.80 points or 0.52% on August 26.
- Sensex close
- 77,472.94, down 183 points or 0.24%.
- Bank Nifty close
- 57,783.75, up 269.55 points or 0.47%.
- Rossell Techsys
- Buy at ₹1,100; target ₹1,190; stop-loss ₹1,048.
- Yatharth Hospital & Trauma Care Services
- Buy at ₹965; target ₹1,050; stop-loss ₹910.
- Indigo Paints
- Buy at ₹1,186; target ₹1,280; stop-loss ₹1,125.
- Lumax Industries and Kross
- Lumax Industries: buy at ₹6,160, target ₹6,700, stop-loss ₹5,785. Kross: buy at ₹218, target ₹235, stop-loss ₹205.
Quotes
Sumeet Bagadia
Executive Director at Choice Broking
“Despite the weak price action, the derivatives setup remains relatively supportive, with PCR at 1.20 and Put OI concentrated around 24,200–24,000, providing a cushion on declines.”
livemint.com
“On the downside, holding above 57,200–57,360 remains important to maintain the prevailing recovery structure, while a decisive break below 57,200 could invite profit booking.”
livemint.com
Sources
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