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Five Breakout Stocks to Watch Amid Volatile Indian Markets

Five Breakout Stocks to Watch Amid Volatile Indian Markets
Top breakout stocks to buy tomorrow: Swiggy, Welspun, Finolex, Vishal Mega Mart, Carborundum by Sumeet Bagadia · livemint.com

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.

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

Sources

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