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Choice Broking executive highlights five breakout stock picks
The call is paired with explicit stop-loss and target levels for each of the five names.
LiveMint Markets, citing Sumeet Bagadia of Choice Broking, outlined five stocks he said are showing breakout-style technical setups, including KPI Green Energy, CRISIL, Vedant Fashions, Prudent Corporate Advisory Services, and Go Digit General Insurance.
The outlet said the selections are based on technical factors such as price momentum and recent moves in daily price structure, including the stocks trading above key moving averages and indicators staying in bullish territory.
For KPI Green Energy specifically, LiveMint Markets reported that the stock broke out from a defined trading range with higher volume, is trading above both the 21-Day and 50-Day EMAs, and has an RSI above 60, while 340 is flagged as the key risk level for follow-through above the breakout area.
The article also references stop-loss and target levels for each of the five stocks as part of the technical trade framework.