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Top 5 Breakout Stocks to Buy or Sell Today: Sumeet Bagadia's Expert Picks for 12 May 2025

Top 5 Breakout Stocks to Buy or Sell Today: Sumeet Bagadia’s Expert Picks for 12 May 2025

The Indian stock market recently experienced a significant shift, halting its longest winning streak of 2025 amid rising geopolitical tensions between India and Pakistan. This heightened conflict has created a wave of uncertainty among investors, leading to a decline in major indices. The BSE Sensex and Nifty 50 faced notable volatility, reflecting the impact of this ongoing situation.

Market Performance Overview

Over the past week, the BSE Sensex saw a decrease of 1,047.52 points, translating to a 1.30% drop, while the Nifty 50 fell by 338.7 points or 1.39%. The downturn can largely be attributed to escalating tensions, including incidents involving drone and missile attacks, which have unsettled market sentiment significantly.

Expert Insights on Market Trends

Sumeet Bagadia, the Executive Director at Choice Broking, has observed a shift in market sentiment, indicating a cautious outlook for investors. He noted that the Nifty 50 index closed below its critical 50-day exponential moving average (DEMA) support level at 24,050.

Bagadia highlighted, “Currently, the benchmark index support has slipped to around 23,800, while resistance is observed near 23,400. Given these dynamics, it’s essential for investors to adopt a stock-specific strategy and focus on shares with strong technical indicators. Breakout stocks represent a promising option for intraday trading.”

Recommended Stocks to Consider

For those looking to navigate this turbulent market, Sumeet Bagadia has identified five stocks to consider for today’s trading:

  • NDR Auto Components:

    • Buy at ₹732
    • Target ₹780
    • Stop Loss ₹705
  • SJS Enterprises:

    • Buy at ₹1015
    • Target ₹1090
    • Stop Loss ₹975
  • Faze Three:

    • Buy at ₹599
    • Target ₹640
    • Stop Loss ₹580
  • Apollo Tyres:

    • Buy at ₹130.3
    • Target ₹140
    • Stop Loss ₹125
  • Manorama Industries:
    • Buy at ₹1297.5
    • Target ₹1400
    • Stop Loss ₹1250
See also  Waaree Energies Stock Soars 5% Before Q4 Earnings: Is It Time to Buy or Sell?

Conclusion: Stay Informed and Strategic

As the situation between India and Pakistan continues to unfold, it’s crucial for investors to remain informed and strategic. By focusing on stocks that show resilience in technical charts, traders can better position themselves to navigate this unpredictable market landscape. Always consider expert advice and conduct thorough research before making investment decisions.

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