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Sumeet Bagadia recommends five breakout stocks as market stays rangebound

Sumeet Bagadia recommends five breakout stocks as market stays rangebound
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 14 August 2026 · livemint.com

Imagine a big market where grown-ups buy and sell small pieces of big companies – those pieces are called stocks.

On Thursday, this stock market in India was very calm, with prices barely changing.

The Sensex went up just a little, and the Nifty went down just a little.

Grown-ups were being careful because they weren't sure what would happen with a possible agreement between the United States and Iran, and whether a very important sea route called the Strait of Hormuz would reopen.

Even though the price of oil went down, people stayed cautious.

An expert named Sumeet Bagadia, who works at a company called Choice Broking, studied charts and picked five companies he thinks are good to buy.

They include a small finance bank, a textiles company, an investment company, an engineering works company, and a car seat maker.

For each stock, he gave a price to buy at, a target price it might reach, and a stop-loss price to help limit losses.

His advice is just one opinion, and buying stocks always involves some risk, so children should not try it without a grown-up's help.

Key facts

Sensex close
78,079.96, up 114 points (+0.15%)
Nifty close
24,395.85, down 40.10 points (-0.16%)
Bank Nifty close
57,635.25, down 250.60 points (-0.43%)
Recommended stocks
Jana Small Finance Bank, GHCL Textiles, Authum Investment & Infrastructure, Knowledge Marine & Engineering Works, Bharat Seats
Recommendation date
Friday, 14 August 2026
Nifty support/resistance
Support: 24,150-24,200; Resistance: 24,500-24,550
Bank Nifty support/resistance
Support: 57,250-57,400; Resistance: 58,000-58,200
Market context
Caution over possible US-Iran agreement and Strait of Hormuz reopening despite lower crude prices

Quotes

Sumeet Bagadia

Executive Director at Choice Broking

“The 57,250–57,400 band remains an important support zone for the index, while 58,000–58,200 is positioned as the key resistance area on the upside. Holding above the support zone would keep the recovery possibility intact, while a sustained breakout above 58,200 would provide stronger confirmation of a positive reversal.”
livemint.com
“From a technical perspective, 24,150–24,200 remains the crucial support zone, while 24,500–24,550 continues to cap the upside. A decisive move above 24,550 would improve the near‑term setup, while a breach of 24,150 could revive selling pressure.”
livemint.com

Sources

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