Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today 23 February 2026

By Admin

23 Feb, 2026

The Indian stock market ended firmly in the green on Friday, supported by strong buying interest across major sectors. Positive sentiment and dip-buying activity helped key indices recover from earlier pressure, creating fresh opportunities in select breakout stocks.

According to market expert Sumeet Bagadia, Executive Director at Choice Broking, five stocks are showing strong technical breakout patterns today  Bajaj Consumer Care, Happy Forgings, Yatharth Hospital & Trauma Care Services, Mahindra Logistics, and Torrent Power.

MARKET SNAPSHOT

BSE Sensex advanced 316.57 points (0.38%) to close at 82,814.71.
NIFTY 50 gained 116.90 points (0.46%) to settle at 25,571.25.

The strong close indicates improving investor confidence after recent volatility.

NIFTY OUTLOOK

On Friday, the Nifty 50 recovered sharply and closed higher by 116.90 points at 25,571, rebounding after the previous session’s decline, which had created short-term pressure on the index.

According to Sumeet Bagadia, the recovery signals strong dip-buying interest near the 25,400 zone, where demand emerged after the recent fall. Despite intraday volatility, the index stabilised and closed in the green.

Key Technical Levels:

• Support Zone: 25,400–25,450
  
  

• Immediate Resistance: 25,700–25,750
  
  

• Major Breakout Level: 25,888
  
  

A decisive breakout above 25,888 could revive stronger upside momentum in the near term.

BANK NIFTY OUTLOOK

NIFTY Bank also showed strength on 20 February 2026, closing 432 points higher at 61,172 and outperforming the broader market.

Buying interest emerged near the 60,550 support zone, indicating continued institutional participation in banking stocks.

Key Technical Levels:

• Strong Support: 60,800–60,900
  
  

• Psychological Level: 61,000
  
  

• Immediate Resistance: 61,400–61,500
  
  

A sustained breakout above resistance could push Bank Nifty toward its all-time highs again.

SUMEET BAGADIA’S TOP 5 BREAKOUT STOCKS

1. BAJAJ CONSUMER CARE

Buy at: ₹383
Target: ₹410
Stop Loss: ₹360

The stock is showing a strong bullish continuation pattern on the daily chart. It is trading near its 52-week high with consistent higher highs and higher lows. Price is above the 20, 50, 100, and 200 EMAs, all aligned positively. As long as the stock sustains above ₹360 and the 20 EMA, the uptrend remains intact with potential to move toward ₹410.

2. Happy Forgings 

Buy at: ₹1347
Target: ₹1445
Stop Loss: ₹1280

The stock is trading at all-time highs, reflecting strong momentum and institutional participation. A clean higher high–higher low structure with rising volumes confirms trend strength. Sustained price action above ₹1280 may drive the next upward leg toward ₹1445.

3. Yatharth Hospital & Trauma Care Services

Buy at: ₹720
Target: ₹775
Stop Loss: ₹693

The stock is indicating a trend reversal after a sharp correction. It has formed a higher low base and is now trading above key EMAs. Strengthening bullish candles with gradual volume expansion suggest accumulation. Holding above ₹693 keeps the recovery trend intact toward ₹775.

4. Mahindra Logistics 

Buy at: ₹415
Target: ₹441
Stop Loss: ₹400

The stock has witnessed a strong reversal from recent lows. It is now trading above all major EMAs with rising alignment, signalling improving momentum. A spike in volumes confirms aggressive buying. Sustaining above ₹400 can extend the rally toward ₹441.

5. Torrent Power 

Buy at: ₹1528
Target: ₹1640
Stop Loss: ₹1475

The stock has formed a broad base followed by a sharp upward move. It has broken key resistance levels with strong bullish candles and improving volume activity. Trading above major EMAs supports the bullish structure. Holding above ₹1475 may open the path toward ₹1640.

CONCLUSION

The Indian market structure remains positive with strong dip-buying near support levels. According to Sumeet Bagadia, traders can focus on technically strong breakout stocks while maintaining strict stop-loss discipline. If indices sustain above key support zones, further upside momentum may continue in the near term.

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. Investors are advised to consult certified financial experts before making any investment decisions.