Breakout stock to buy or sell: After two consecutive days of loss, Smell And Sensex rapidly retaliated on 2 April, fuel from a recovery in banking and IT shares. The rally was held just before the April 2 deadline set by US President Donald Trump, which was confirmed by the White House that he would have an immediate effect.
Sensex 593 points (0.78%) closed at 76,617.44, while the Nifty 50 secured 166.65 points (0.72%), which ended at 23,332.35.
Sumit Bagadia’s breakout stock recommendations
Sumate Bagadia, Executive Director of the choice broking, believes that the spirit of the Indian stock market is cautious for positive, as Nifty 50 The index has honored the support of the 50-DAMA placed from 23,150 to 23,100.
Speaking on the approach of the Indian stock market, Bagadia said, “Significant support for the frontline index is placed at 22,800 points. Broken under this support can trigger fresh sales pressure on Dalal Street. Therefore, someone must maintain a stock-distinct approach and look at the shares that are strong in the chart pattern.
Sumit Bagadia recommended buying these seven breakout shares today to buy – Nalwa Sons Investments, Supriya Lifesins, KPR Mill, Godvari Power and Ispat, and Shyam Metwix and Energy.
Stock to buy today
1] Nalwa Sons Investment: Buy on 6835, target 7333, Los Stop 6565;
2] Supriya lifeskase: Buy on 788, target 850, loss stop 760;
3] KPR mill: Buy on 960.35, target 1030, loss stop 925;
4] Godwari Shakti and Steel: Buy on 201.75, target 215, Stop Loss 194;
5] Shyam metallorism and energy: Buy on 914.4, target 970, loss stop 880.
Disclaimer: The ideas and recommendations provided in this analysis belong to individual analysts or broking companies, not mints. We recommend investors to consult certified experts before making any investment decisions, as market conditions may change rapidly and individual conditions may be different.
