3 weeks ago
Sumeet Bagadia Recommends Five Breakout Stocks to Buy Wednesday
On Tuesday, the stock market in India went down a little bit.
Two big stock lists, the Sensex and the Nifty 50, lost some value because many investors sold shares to lock in profits.
People were also worried because the price of crude oil was rising, and there was uncertainty about ships passing through the Strait of Hormuz and whether the US and Iran would sign an agreement.
A stock market expert named Sumeet Bagadia works at a company called Choice Broking.
He looked at charts and picked five companies he thinks are good to buy on Wednesday, 12 August.
The five companies are Affle 3i, Dynamic Cables, Thyrocare Technologies, Sanathan Textiles, and Aether Industries.
For each stock, he gave a buy price, a target price he thinks it could reach, and a stop loss price to protect money if the stock falls.
He also said the Nifty has support around 24,300 to 24,380, and staying above that could keep the market's recovery going.
Stock advice is not a promise, so prices could still go down.
The Sensex fell 388 points (0.49%) to close at 78,154.25 and the Nifty 50 dropped 112.10 points (0.46%) to 24,471.70 on Tuesday, August 11.
The decline was driven by profit booking amid rising crude oil prices and uncertainty over the reopening of the Strait of Hormuz and a possible US-Iran agreement.
Sumeet Bagadia, Executive Director at Choice Broking, recommends buying five breakout stocks on Wednesday: Affle 3i, Dynamic Cables, Thyrocare Technologies, Sanathan Textiles, and Aether Industries.
Bank Nifty settled at 57,446.25, down 240.70 points (0.42%), with 57,000-57,100 as key support and 57,800-58,000 as the immediate resistance zone.
Bagadia sees 24,300-24,380 as Nifty's key support band and 24,575-24,650 as the immediate hurdle; a decisive break below 24,300 could extend the profit-booking phase.
- Who
- Analyst Sumeet Bagadia of Choice Broking and investors in the Indian stock market.
- What
- Indian equity benchmarks (Sensex and Nifty 50) fell on profit booking, while Bagadia recommended five breakout stocks to buy.
- Where
- Indian stock market; global sentiment was weighed by uncertainty over the Strait of Hormuz.
- When
- Tuesday, August 11, 2026 (market declines), with stock recommendations for Wednesday, August 12, 2026.
- Why
- Profit booking emerged amid rising crude oil prices and uncertainty over the Strait of Hormuz reopening and a possible US-Iran agreement.
Key facts
- Sensex close
- 78,154.25 (-388 points, -0.49%)
- Nifty 50 close
- 24,471.70 (-112.10 points, -0.46%)
- Bank Nifty close
- 57,446.25 (-240.70 points, -0.42%)
- Analyst
- Sumeet Bagadia, Executive Director, Choice Broking
- Top pick
- Affle 3i: Buy ₹1,677, Target ₹1,800, Stop Loss ₹1,595
- India VIX
- 11.8550
- Nifty support band
- 24,300-24,380
- Nifty resistance band
- 24,575-24,650
Quotes
Sumeet Bagadia
Executive Director at Choice Broking
““On the upside, 24,575–24,650 continues to act as the immediate hurdle, and a sustained breakout above this zone could revive short‑term bullish momentum towards higher levels.””
livemint.com
““Conversely, a decisive break below 24,300 would weaken the near‑term setup and may extend the ongoing profit‑booking phase.””
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