Dalmia Bharat Sugar, Ador Welding, Apollo Pipes, Patel Retai
Sumeet Bagadia Names Five Breakout Stocks to Buy on 20 August 2026
Market sentiment remained weak on 19 August 2026 as the Nifty 50 extended its losing streak to seven straight sessions, closing down 0.32% at 24,078.30. The index opened lower at 24,223.85 and failed to sustain any meaningful recovery, slipping to an intraday low of 24,154.90. The Sensex also declined 0.42% to close at 76,909.68, with sectors like Media, Auto and Oil Gas showing resilience while IT, Realty, PSU Bank and FMCG faced selling pressure. Derivatives data indicated a cautious setup with PCR at 0.81 and India VIX at 11.3875, suggesting elevated near-term volatility. Key resistance for Nifty was seen in the 24,270–24,350 band, while the 24,000–24,150 zone remained critical on the downside. Bank Nifty mirrored the weakness, settling at 57,262.40 after touching an intraday low of 57,217.60, with the 56,800–57,000 range acting as crucial support and 57,500–57,750 as immediate resistance.
On 20 August 2026, Sumeet Bagadia, Executive Director at Choice Broking, recommended five breakout stocks for purchase based on technical strength. Dalmia Bharat Sugar and Industries was advised to be bought at ₹ 475 with a target of ₹ 515 and stop-loss at ₹ 450, citing a strong bullish structure, trading above key EMAs and a breakout above the ₹ 420 zone with rising volumes. Ador Welding was recommended at ₹ 1,634 with a target of ₹ 1,777 and stop-loss at ₹ 1,543, reflecting a sustained uptrend and consistent higher highs and higher lows, with the stock trading well above its 20-day, 50-day, 100-day and 200-day EMAs.
Apollo Pipes was suggested for purchase at ₹ 576, targeting ₹ 620 with a stop-loss at ₹ 545, after breaking above its 52-week high near ₹ 545 and holding the 20-day and 50-day EMAs as support. Patel Retail was advised to be bought at ₹ 238 with a target of ₹ 255 and stop-loss at ₹ 224, following a consolidation breakout above ₹ 230 and improving momentum supported by an RSI near 65.17 and the 100-day EMA approaching a crossover above the 200-day EMA. Shreeji Shipping Global was recommended at ₹ 649 with a target of ₹ 700 and stop-loss at ₹ 617, after finding support at its 50-day EMA during a controlled pullback and trading above all key EMAs with room for further upside as indicated by an RSI of 57.54. All recommendations were framed as educational views, with a disclaimer advising investors to consult certified experts before acting.
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