Categories: Blog

Today’s Top Trading Calls from Sumeet Bagadia – Breakout Stocks You Need to See

If you’ve been hunting for the right stocks to jump into today, your timing couldn’t be better. According to Sumeet Bagadia, a well-known market expert and Executive Director at Choice Broking, five key stocks have shown powerful breakout signals. With the Indian stock market in a bullish mood, these stock picks could offer substantial short-term and swing trading opportunities.

So, let’s dive into what the buzz is all about and why these specific stocks have made it to Bagadia’s high-conviction buy list.

📈 Top 5 Stocks to Buy Today – As Per Sumeet Bagadia’s April 23 Picks

1. Shankara Building Products

Why buy?
Strong price-volume breakout on the daily charts. Good RSI levels. Traders are seeing potential momentum above ₹950.
Target: ₹980+
Stop Loss: ₹915

2. Avalon Technologies

Why buy?
Fresh breakout from consolidation; multiple resistances cleared. The stock looks poised for a short-term rally.
Target: ₹585–600
Stop Loss: ₹540

3. Vadilal Industries

Why buy?
Seasonal stock with bullish setup. A potential play for both technical and thematic investors.
Target: ₹4,300+
Stop Loss: ₹3,980

4. Kfin Technologies

Why buy?
Good buying interest around the 50-DMA zone. Sustained volumes signal a likely uptrend continuation.
Target: ₹640
Stop Loss: ₹595

5. Azad Engineering

Why buy?
Heavy institutional activity and price breakout; this is a “watch and pounce” stock for intraday players.
Target: ₹1,020
Stop Loss: ₹965

🧠 Why Are These Picks Relevant Right Now?

The Indian equity market is currently showing solid strength, especially after the Nifty breached the 24,250 mark and the Sensex surged by 310 points. Investor optimism is being fueled by:

Strong earnings from key IT players like HCL Tech (up 7% post Q4 results),
Positive global cues,
Lower volatility in crude prices.

Bagadia’s picks are aligned with technical indicators like RSI, MACD, moving averages, and volume breakouts, making them potential winners for short-term trading strategies.

🎯 Who Should Consider These Stocks?

Intraday and swing traders seeking quick returns
Short-term investors with risk appetite
Retail investors looking to ride momentum-driven trades

⚠️ Disclaimer: These recommendations are based on technical analysis and market behavior as of April 23, 2025. Do your own research or consult a financial advisor before investing.

❓ Frequently Asked Questions (FAQs)

❓ What is the focus of Sumeet Bagadia’s stock strategy?

Answer: Bagadia focuses on technical breakouts, especially stocks showing high volume surges, strong RSI, and MACD crossovers. His recommendations are typically for short- to medium-term gains.

❓ Are Bagadia’s stock picks safe for long-term investing?

Answer: Not always. These are mostly short-term or swing trade ideas. Long-term investors should analyze fundamentals before investing in these stocks.

❓ Where can I follow Sumeet Bagadia’s updates?

Answer: He frequently shares market insights via Choice Broking, appearances on CNBC-TV18, Mint, and through his X (Twitter) handle.

❓ Can these picks be used for intraday trading?

Answer: Yes. Many traders use Bagadia’s picks for intraday setups because of the tight stop-loss and breakout nature of the trades.

📌 Final Thoughts

In a market flooded with noise, trusted technical analysts like Sumeet Bagadia offer a focused view that can give you a sharp edge. If you’ve been waiting for a momentum play, today’s stock recommendations could be your perfect entry point.