Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today 29 December 2025

By Admin

29 Dec, 2025

Introduction

As the Indian stock market heads toward the end of 2025, investors are closely tracking technical signals for fresh opportunities. Despite thin volumes during the holiday-shortened week, market experts believe the broader structure remains intact. According to Sumeet Bagadia, Executive Director at Choice Broking, select stocks are showing strong breakout patterns that could offer short-term trading opportunities.

Here’s a detailed look at the market outlook and the five breakout stocks recommended for today.

Market Overview: Holiday Week Ends with Cautious Consolidation

The Indian equity market closed the week on a cautious note, witnessing mild profit booking near lifetime highs. Thin year-end trading volumes and continued FII outflows added to the subdued sentiment. However, the broader market outlook remains constructive, supported by:

• Strong domestic institutional participation
  
  

• Resilient earnings expectations
  
  

• Stable macroeconomic conditions
  
  

Overall, the week reflected healthy consolidation at elevated levels rather than any signs of trend exhaustion, helping the market build a solid base as it transitions into the new calendar year.

Nifty 50 Today: Technical Outlook

On Friday, the Nifty 50 closed around 26,042, down nearly 0.4%, as profit booking dominated year-end trades.

Sumeet Bagadia noted that the daily candle was bearish, breaking below the intraday support near 26,050, indicating a loss of upward momentum. Intraday one-hour charts showed range-bound movement with lower highs and repeated rejection from resistance.

• Immediate resistance: 26,150–26,200
  
  

• Key support: 25,850–25,900
  
  

• Broader demand zone: 25,800–25,850
  
  

Overall, the index reflects cautious sentiment with subdued volumes, suggesting short-term consolidation rather than a trend reversal.

Bank Nifty Today: Supported Above Key Levels

The Bank Nifty Index ended lower around 59,011, pulling back from recent highs as banking stocks saw profit booking during the holiday week.

According to Bagadia, the daily chart formed a bearish candle with a lower high-low structure, pointing to short-term consolidation. However, prices are holding above the 200-hour EMA, which continues to provide crucial support.

• Immediate resistance: 59,300–59,400
  
  

• Key support: 58,990 (200-hour EMA)
  
  

• Broader support: 58,700–58,800
  
  

The bias remains cautious, but the index is structurally supported above key demand zones.

What Are Breakout Stocks?

Breakout stocks are those that move decisively above established resistance levels or below support levels, often signalling the start of a strong price move. Such breakouts are typically accompanied by higher volumes and renewed buying interest, making them attractive for short-term traders.

Amid the current market conditions, Sumeet Bagadia has identified five breakout stocks to watch today.

Breakout Stocks to Buy Today

1) NBCC

• Buy at: ₹122.06
  
  

• Target: ₹135
  
  

• Stop Loss: ₹116
  
  

NBCC is showing strength after a decisive sideways range breakout, indicating fresh buying interest. The stock is trading above its 20, 50, 100, and 200 EMAs, confirming a strong bullish trend. A higher high–higher low structure reflects sustained momentum, with strong accumulation support near ₹116.

2) Karur Vysya Bank

• Buy at: ₹262.80
  
  

• Target: ₹287
  
  

• Stop Loss: ₹250
  
  

Karur Vysya Bank has formed a strong base and continues to move higher with a consistent higher high–higher low pattern. The stock is taking solid support near the 20-day EMA, suggesting accumulation. A recent trendline resistance breakout further strengthens the bullish outlook.

3) Engineers India

• Buy at: ₹206
  
  

• Target: ₹220
  
  

• Stop Loss: ₹197
  
  

Engineers India is forming a descending triangle pattern and is on the verge of a breakout, indicating a possible shift in momentum. Trading near ₹205–206, the stock has strong support around ₹198 aligned with the 20-day EMA. A decisive breakout above resistance could trigger further upside.

4) IRCTC

• Buy at: ₹705.50
  
  

• Target: ₹765
  
  

• Stop Loss: ₹675
  
  

IRCTC has witnessed a falling trendline breakout backed by healthy volumes, signalling renewed buying interest. Immediate support is placed near ₹680, aligned with the 20-day EMA. With the ₹700–704 resistance zone decisively broken, the stock appears well-positioned for short-term gains.

5) Container Corporation of India (CONCOR)

• Buy at: ₹520.30
  
  

• Target: ₹570
  
  

• Stop Loss: ₹495
  
  

CONCOR is showing strength after forming a solid base and witnessing a sharp reversal along with a falling trendline breakout. Immediate support lies near ₹500, indicating accumulation. With resistance levels breached, the stock signals a potential trend change.

Conclusion

While the broader market remains cautious amid year-end consolidation, select stocks are displaying strong technical breakouts. NBCC, Karur Vysya Bank, Engineers India, IRCTC, and Container Corporation of India stand out as potential short-term trading opportunities, provided disciplined risk management is followed.

Disclaimer

This article is for educational purposes only. The views and recommendations mentioned above are those of individual analysts or broking companies and do not represent the opinions of Mint. Investors are advised to consult certified financial experts before making any investment decisions.