Stock Recommendations by Sumeet Bagadia: RVNL, RCF, Eveready Industries, Alembic, HPL

Title: Expert Sumeet Bagadia Recommends Five Breakout Stocks to Buy Today

In the world of stock trading, expert recommendations can make a significant impact on investors’ decisions. Today, Sumeet Bagadia, Executive Director at Choice Broking, has suggested five breakout stocks that investors should consider buying.

The Indian stock market started the week’s trading activity on a flat note, with no major significant cues in the morning session. However, as the day progressed, the bulls took charge, pushing the key benchmark indices higher and ending near the day’s high without significant changes from the previous close.

According to Bagadia, the overall sentiment in the Indian stock market remains positive as long as the Nifty 50 index trades above 24,000. He highlighted that the Nifty is facing resistance at the 24,400 to 24,500 range, and a decisive breach above 24,500 could trigger a fresh bull trend.

For investors looking for breakout stocks, Bagadia recommended buying RVNL, RCF, Eveready Industries, Alembic, and HPL. He provided specific buy prices, target prices, and stop losses for each of these stocks, giving investors a clear strategy to follow.

It is important to note that the views and recommendations provided by individual analysts or broking companies are not endorsed by Mint. Investors are advised to consult with certified experts before making any investment decisions.

Overall, with the Indian stock market showing positive sentiment and breakout opportunities in specific stocks, investors have the opportunity to capitalize on these recommendations and potentially see gains in their portfolios.