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Mint
23 minutes ago
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 18 July 2025
Breakout stocks buy or sell: Indian stock market indices — the Sensex and Nifty 50 — ended lower on Thursday, July 17, due to profit booking in select heavyweight stocks like Infosys, HDFC Bank, and Reliance Industries. The Sensex declined by 375 points, or 0.45%, closing at 82,259.24, while the Nifty 50 dropped 101 points, or 0.40%, to finish at 25,111.45. In contrast, the broader markets performed better, with the BSE Midcap index edging up 0.07% and the BSE Smallcap index gaining 0.30%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is positive as the Nifty 50 index is sustaining above 50-DEMA support of 24,900. Speaking on the outlook of Indian stock market, Bagadia said, ' The key benchmark index is facing hurdle at 25,250. On breaking above this hurdle, the 50-stock index would soon touch 25,500 and 25,700. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." 1] R R Kabel: Buy at ₹ 1461.80, target ₹ 1580, stop loss ₹ 1410; 2] Kajaria Ceramics: Buy at ₹ 1228.9, target ₹ 1315, stop loss ₹ 1185; 3] Syrma SGS Technology: Buy at ₹ 714.25, target ₹ 765, stop loss ₹ 689; 4] Asahi India Glass: Buy at ₹ 873.05, target ₹ 943, stop loss ₹ 842; 5] Chalet Hotels: Buy at ₹ 922.25, target ₹ 987, stop loss ₹ 889. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
an hour ago
- Mint
Best stocks to buy today, 18 July, recommended by NeoTrader's Raja Venkatraman
Indian stock market benchmarks, Sensex and the Nifty 50, closed with losses on Thursday on profit booking in select heavyweights. The Sensex fell 375 points to end at 82,259.24, while the Nifty 50 settled at 25,111.45, down 0.40%. However, the mid and small-cap segments outperformed. The BSE Midcap index inched up by 0.07 per cent, while the BSE Smallcap index rose 0.30 per cent. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: CONCORDBIO (Cmp 1920.50) ECLERX(Cmp 3669.10) SHYAMMETL (Cmp 919.80) SHYAMMETL:Buy above 920 and dips to ₹880, stop ₹870 target ₹1000-1020 Stock Market Recap On 17 July, India's leading benchmarks relinquished their early rally and slipped into negative territory, underscoring a shift toward caution among market participants. The Sensex, which had opened 119 points higher at 82,753, dipped to 82,219, while the Nifty, after climbing to 25,230, retreated to 25,101. The retreat highlights investors' growing reluctance to commit fresh capital amid a pair of looming uncertainties. With markets yielding to speculation over US President Trump's stance on Federal Reserve Chair Jerome Powell causing some cold feet. While the White House dismissed reports of an imminent leadership change, Trump's persistent public criticism of the Fed's rate policy has fuelled anxiety about the central bank's autonomy and the potential for monetary volatility. Also, as the August 1 deadline for an India-US trade pact approaches, traders are bracing for last-minute negotiations. New Delhi is reportedly pushing for tariffs more favorable than those secured by Indonesia, and any delay or dilution of terms could weigh further on market sentiment. Outlook for Trading The continued resistance at higher levels shows that the trends are pressured at higher levels as steady supplies are emerging. As we have been mentioning, the trends have been curtailed due to geopolitical trends that have kept the enthusiasm on leash. From a trading perspective, we can note that the Bank Nifty chart featured yesterday had cautioned that the supports are vital and the hold is critical. However, the lacklustre behaviour seen on the charts demonstrates that the trendline support area around 56800 is crucial. This is an important zone to watch out for, combined with the recent lows that have been formed in that region. Also, the positive DI lines that were giving us some hope seem to be giving way. With a long body red candles, we may now have witnessed a bearish engulfing clearly hinting at some shorting possibility. Further, the way the trends have progressed its clear that the lack of participation seen now is hinting at a negative day today. With the scenario getting set for some decline, one should look to be careful with their positions. There are still some stock specific action that is keeping the participants active as the result season is underway. With the inability to move above way above 57500 on an EOD basis we need to revisit the bullish bias. Momentums on hourly charts are indicating that the prices after settling down are now hinting at the onset of some more decline. As eager bullish participants begin to resign, we need to now start adopting some selling candidates into our trading basket. The readings from the Option Data suggest that PCR has moved to 0.78, highlighting that the trends continue to face some pressure at higher levels, with some steady Call writing at 57000 levels continues to prove to be a hurdle for recovery levels fighting the buying interest at every rise. Trends remain challenged and we are trading in a difficult situation. Raja Venkatraman is the co-founder of NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
an hour ago
- Mint
Top three stocks to buy today—recommended by Ankush Bajaj for 18 July
Indian stock market benchmarks—the Sensex and the Nifty 50—closed lower on Thursday, 17 July, amid profit booking in select heavyweights including Infosys, HDFC Bank, and Reliance Industries. The Sensex declined 375 points, or 0.45%, to settle at 82,259.24, while the Nifty 50 fell 101 points, or 0.40%, ending the day at 25,111.45. However, mid- and small-cap stocks outperformed. The BSE Midcap index edged up 0.07%, and the BSE Smallcap index gained 0.30%. Top 3 stocks recommended by Ankush Bajaj for 18 July: Why it's recommended: After recent selling pressure, Tata Steel has shown a strong pullback and broken above the upper trendline of a falling wedge pattern—a bullish reversal signal. The breakout signifies trend reversal and momentum pick-up, aiming for a short-term move towards ₹170+. Key metrics: Breakout zone: Upper trendline breakout of falling wedge pattern, signalling trend reversal. Pattern: Falling wedge breakout with bullish follow-through. RSI: Recovering from oversold zone, confirming momentum shift. Technical analysis: The structure suggests that the bottom may be in place, with higher highs and higher lows starting to form. Momentum is favouring the bulls for a target zone of ₹170 and potentially higher. Risk factors: A move below ₹155 would invalidate the wedge breakout and may lead to renewed weakness. Use a strict stop-loss to manage risk. Buy at: ₹159.90 Target price: ₹170.00+ Stop loss: ₹155.00 Why it's recommended: Prestige Estates Projects Ltd is exhibiting a strong bullish setup backed by a rectangle pattern breakout on the 45-minute chart at ₹1,770. The Relative Strength Index (RSI) on the daily timeframe is at 70, indicating solid momentum yet still positioned for further upside. This multi-timeframe confluence of breakout signals suggests strength in trend continuation. Key metrics: Breakout zone: Rectangle breakout on 45-minute timeframe at ₹1,770 with high volume support. Pattern: Rectangular range breakout confirming bullish continuation. RSI: Bullish, currently at 70 on daily timeframe, suggesting strong trend with momentum. Technical analysis: The stock's structure shows sustained bullishness, with the breakout level likely to serve as a strong support. If broader sentiment remains positive, the price is expected to test ₹1,815– ₹1,830 in the short term. Risk factors: A close below ₹1,757 would negate the breakout signal and could lead to a short-term correction. Traders should trail with a tight stop-loss. Buy at: ₹1,783.00 Target price: ₹1,815– ₹1,830 Stop loss: ₹1,757.00 Why it's recommended: On the daily chart, Jindal Steel & Power has broken out of a triangle pattern, hinting at a bullish continuation with a medium-term target of ₹1,100+. Additionally, the 15-minute timeframe shows a rectangle breakout near ₹950, aligning short- and medium-term momentum toward ₹980+. Key metrics: Breakout zone: Triangle breakout on daily; rectangle breakout near ₹950 on intraday chart. Pattern: Multi-timeframe confluence of bullish breakout structures. RSI: Holding strong, supporting trend continuation. Technical analysis: With clear breakout levels and alignment across timeframes, the setup points toward a steady climb toward ₹970– ₹980, with further upside if momentum persists. Risk factors: A fall below ₹939 would negate the breakout structure, and short-term weakness could set in. Maintain a disciplined stop-loss. Buy at: ₹950.45 Target price: ₹970– ₹980 Stop loss: ₹939.00 Stock market wrap - 17 July Indian equity markets ended in the red on Thursday, 17 July, as sustained selling pressure across key sectors weighed on sentiment. Despite brief recovery attempts—particularly in select defensives—broader momentum remained weak, dragging major indices lower. The Nifty 50 declined 100.60 points, or 0.40%, to close at 25,111.45, while the BSE Sensex fell 375.24 points, or 0.45%, to 82,259.24. The Bank Nifty also ended lower, down 340.15 points or 0.59%, at 56,828.80, as late buying failed to fully reverse earlier losses in financial stocks. The sectoral picture was mixed, but the tone remained largely cautious. PSU Banks fell 0.79%, Services declined 0.67%, and the broader Banking index slipped 0.59%, reflecting profit booking and risk-off sentiment in high-beta pockets. On the flip side, a few sectors offered support. Realty outperformed with a gain of 1.24%, while Metals and Pharma rose 0.67% and 0.38%, respectively, helping limit the downside. In stock-specific action, Tata Consumer led the gainers with a 2.25% rise. Tata Steel and Hindalco climbed 1.63% and 1.17%, respectively, supported by continued institutional flows and positive cues in the metals space. Meanwhile, the broader undertone remained bearish. Tech Mahindra shed 2.75%, IndusInd Bank lost 1.67%, and SBI Life Insurance fell 1.44%, reflecting caution in recent outperformers. The Nifty 50 ended Thursday's session on a weak footing, closing at 25,111.45, down 100.60 points or 0.40%. The index slipped below the key psychological level of 25,200, indicating a deterioration in short-term sentiment. Technically, the Nifty is now trading below its 20-day simple moving average (SMA) at 25,325, while hovering just above the 40-day exponential moving average (EMA) at 25,042. This setup suggests the upside is likely capped unless the index decisively reclaims the 20-DMA. Until that happens, the broader trend remains fragile and skewed to the downside. On the hourly chart, the index has slipped below both its 20-hour SMA at 25,210 and 40-hour EMA at 25,182, confirming short-term weakness. More importantly, Nifty has broken below the lower boundary of a rising wedge pattern, which is a bearish development. This breakdown projects a near-term downside target of around 24,950, especially if the index fails to hold above the immediate support at 25,000. Momentum indicators reflect growing weakness. The daily RSI has dropped to 47.5, moving into neutral-bearish territory, while the hourly RSI has declined further to 38, indicating strong intraday selling pressure. The daily MACD remains positive at 66, suggesting that the medium-term structure hasn't turned fully negative yet, but the hourly MACD at –21 confirms a clear short-term loss of momentum. Options data also paints a bearish picture. Total Call open interest stands at 7.28 crore compared to Put open interest at 5.08 crore, with a net difference of –2.21 crore, indicating a dominant call writing bias. The highest Call OI and maximum additions are at the 26,000 strike, implying strong resistance overhead. On the Put side, the highest additions were at the 24,900 strike, highlighting that support is now shifting lower. The intraday change in OI also shows a net bearish bias, with Call OI rising by 3.32 crore and Put OI by only 1.81 crore, resulting in a negative OI change difference of –1.51 crore. This reinforces the view that traders are preparing for further downside. In summary, the Nifty's short-term trend has weakened following a breakdown below critical support levels and key moving averages. Unless the index manages to reclaim 25,325 and eventually close above 25,700, the market structure remains vulnerable. A decisive break below 25,000 could accelerate the selling pressure toward 24,950 or even 24,800. Traders should stay cautious, avoid aggressive long positions, and monitor price action closely around the 25,000 mark, which has now become the immediate make-or-break level for the index.
