Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today 24 February 2026

By Admin

24 Feb, 2026

The Indian stock market continued its upward journey on Monday, February 23, despite mixed global cues. Strong buying interest in frontline indices kept sentiment positive, while broader markets showed mixed trends. According to Sumeet Bagadia, selective buying opportunities are emerging in breakout stocks for today’s trade.

Stock Market Today

On February 23, the benchmark indices closed firmly in the green.

The Sensex settled at 83,294.66, gaining 480 points (0.58%), while the Nifty 50 closed at 25,713, up 142 points (0.55%).

However, the broader market performance remained uneven:

• BSE 150 MidCap Index declined 0.21%
  
  

• BSE 250 SmallCap Index advanced 0.51%
  
  

The mixed breadth suggests stock-specific action, making breakout trades attractive for short-term investors.

Nifty Outlook

The Nifty 50 opened with a 100-point gap-up, reflecting strong bullish sentiment. It touched an intraday high of 25,771.45 before witnessing profit booking that dragged it to 25,609. A strong rebound of 119 points followed, helping the index close at 25,713.

According to Bagadia:

• Immediate resistance: 25,850–25,900
  
  

• Strong support: 25,550–25,600
  
  

• Daily RSI: 51.54 (neutral-to-positive momentum)
  
  

As long as the Nifty holds above 25,500 on a closing basis, a buy-on-dips strategy remains valid, with a strict stop-loss at 25,450.

Bank Nifty Outlook

Bank Nifty opened flat but extended gains to an intraday high of 61,517 before correcting nearly 480 points due to profit booking.

Technical levels:

• Resistance: 61,500–61,600
  
  

• Support: 60,900–61,000
  
  

• Daily RSI: 59.63 (healthy bullish bias)
  
  

As long as Bank Nifty sustains above 59,700, traders may consider a selective buy-on-dips strategy with a stop-loss at 59,500.

Sumeet Bagadia’s Top 5 Breakout Stocks to Buy Today

1) City Union Bank

• Buy at: ₹291
  
  

• Target: ₹312
  
  

• Stop Loss: ₹281
  
  

The stock is trading around ₹291.05 and continues to form a higher high–higher low structure, indicating a sustained short-term uptrend. It has taken strong support near its 100-day EMA, reflecting buying interest at lower levels.

RSI at 54.30 is trending upward above the 50 mark, signalling improving momentum. Traders may consider buying at CMP with disciplined risk management.

2) Privi Speciality Chemicals

• Buy at: ₹2,994
  
  

• Target: ₹3,200
  
  

• Stop Loss: ₹2,890
  
  

The stock is trading around ₹2,994.80 and has shown renewed strength after bouncing back from consolidation. Firm support near the 100-day EMA indicates accumulation.

RSI has reversed from the oversold zone, suggesting improving momentum and a positive bias. Short-term traders may consider buying with proper stop-loss discipline.

3) Krishna Institute Of medical sciences 

• Buy at: ₹717
  
  

• Target: ₹770
  
  

• Stop Loss: ₹690
  
  

Trading around ₹717.45, the stock maintains a consistent higher high–higher low formation. Recent sideways consolidation showed signs of accumulation, followed by a renewed breakout.

RSI stands at 67.80 and continues trending higher, reflecting strong momentum. Traders may consider buying at CMP with disciplined risk management.

4) Fine Organic Industries 

• Buy at: ₹4,647
  
  

• Target: ₹4,950
  
  

• Stop Loss: ₹4,450
  
  

The stock is witnessing a strong bullish reversal after consolidating around its 200-day EMA. It has reclaimed key moving averages (20, 50, 100, and 200 EMA), which now act as support zones.

A strong closing near the day’s high with rising volume indicates momentum expansion. Sustaining above ₹4,450 keeps the bullish structure intact toward ₹4,950.

5) ingersoll- Rand (India)

• Buy at: ₹3,988
  
  

• Target: ₹4,270
  
  

• Stop Loss: ₹3,820
  
  

The stock is forming a classic higher high–higher low structure on the daily chart. It has closed decisively above the previous four sessions’ range, indicating breakout strength.

Strong volume expansion supports accumulation, while RSI continues trending higher. Immediate support is placed near ₹3,820, and sustained strength may push the stock toward ₹4,270.

Trading Strategy for 24 February 2026

With indices holding above key support zones and RSI readings indicating healthy momentum, traders may adopt a selective buy-on-dips strategy. Stock-specific breakouts with strict stop-loss discipline remain the preferred approach in the current market setup.

Disclaimer: This article is for educational purposes only. The views and recommendations mentioned are those of individual analysts and not investment advice. Investors are advised to consult certified financial experts before making any investment decisions.