1 day ago
Five Breakout Stocks to Watch Amid Volatile Indian Markets
An analyst named Sumeet Bagadia selected five stocks that may have strong price patterns.
He used charts to look for breakouts and signs that prices could continue rising.
Swiggy is being watched after moving above a triangle-shaped chart pattern.
Finolex Cables has been making higher highs and higher lows.
Welspun Living has reached a new all-time high, according to the article.
Carborundum Universal has also shown a bullish chart pattern.
The article gives a buying price, a level to limit losses and a possible target for each recommendation.
However, the fourth stock is named differently in different parts of the article, so that identification is unclear.
Sumeet Bagadia identified five stocks with technical setups to monitor in the next trading session.
Swiggy has a symmetrical-triangle breakout, with a ₹284 entry, ₹270 stop-loss and ₹311 target.
Finolex Cables shows higher highs, higher lows and volume-backed momentum; the levels are ₹1,468, ₹1,395 and ₹1,610.
Welspun Living is described as breaking to a fresh all-time high, with ₹221 as the entry, ₹211 as the stop-loss and ₹242 as the target.
The fourth stock is inconsistently identified as V-Mart Retail, Vishal Mega Mart and Welspun Living; the stated levels are ₹104, ₹99 and ₹115, while Carborundum Universal is listed at ₹1,211, ₹1,150 and ₹1,325.
- Who
- Sumeet Bagadia, Executive Director at Choice Broking, identified the stock setups.
- What
- Five stocks were presented as potential breakout or momentum trades with entry, stop-loss and target levels.
- Where
- The recommendations concern stocks in the Indian market.
- When
- The levels are intended for the next trading session, described as “tomorrow” in the article.
- Why
- The analyst cited chart breakouts, trading volume, moving-average support and momentum indicators.
Key facts
- Analyst
- Sumeet Bagadia, Executive Director at Choice Broking
- Swiggy levels
- Buy at ₹284; stop-loss ₹270; target ₹311
- Finolex Cables levels
- Buy at ₹1,468; stop-loss ₹1,395; target ₹1,610
- Welspun Living levels
- Buy at ₹221; stop-loss ₹211; target ₹242
- Fourth recommendation
- The article gives ₹104 as the buy level, ₹99 as the stop-loss and ₹115 as the target, but inconsistently names the stock
- Carborundum Universal levels
- Buy at ₹1,211; stop-loss ₹1,150; target ₹1,325
- Technical signals
- The article cites breakouts, volume, EMAs, RSI and chart patterns including triangles and a pennant










