Rossell Techsys, Yatharth Hospital, Indigo Paints, Lumax Ind
Sumeet Bagadia Picks Five Breakout Stocks for Buy on 27 August
On Wednesday, 26 August, the Nifty 50 closed lower at 24,207.75, down 0.52%, as investors booked profits ahead of key US inflation data. The Sensex also declined, ending at 77,472.94 after a 0.24% drop. Despite the weakness in the broader market, the Nifty Midcap 150 remained largely unchanged while the Nifty Smallcap 250 gained 0.60%, indicating relative strength in smaller segments. Sumeet Bagadia of Choice Broking noted that Nifty needs to defend the 24,100–24,000 range to preserve the broader recovery structure, with a sustained move above 24,400 required to regain bullish momentum.
Bank Nifty outperformed, closing higher at 57,783.75, up 0.47%, supported by strong gains in private banking stocks like Kotak Mahindra Bank and Axis Bank. The index held above its rising trendline and short-term moving averages, with immediate support at 57,200–57,360 and resistance at 57,700–57,850. Bagadia added that a decisive breakout above 58,000 would be needed to confirm the next directional move.
On Thursday, 27 August, Bagadia recommended five breakout stocks for purchase. Rossell Techsys was advised at a buy price of ₹1,100 with a target of ₹1,190 and stop-loss at ₹1,048, citing a bullish breakout and improving RSI at 58.98. Yatharth Hospital & Trauma Care Services was recommended at ₹965, targeting ₹1,050 with a stop-loss at ₹910, after reaching fresh all-time highs and trading above key EMAs.
Indigo Paints was suggested for buying at ₹1,186, aiming for ₹1,280 with a stop-loss at ₹1,125, supported by a strong bullish fan structure of moving averages and RSI at 65.92. Lumax Industries was picked at ₹6,160, targeting ₹6,700 with a stop-loss at ₹5,785, following a 4.26% gain and RSI near 67.89. Lastly, Kross was recommended at ₹218, with a target of ₹235 and stop-loss at ₹205, based on its adherence to an ascending trendline since April and RSI at 62.42.
The recommendations were presented as educational views, with a disclaimer urging investors to consult certified experts before making investment decisions. The article was authored by Vaamanaa Sethi, a business and stock market journalist with over 4.5 years of experience in digital news platforms.
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