Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 14 July 2026

Buy or sell stocks: Benchmark equity indices, the Sensex and the Nifty 50, ended little changed on Monday, July 13, as gains in select heavyweight IT and banking stocks helped offset weakness elsewhere, even as crude oil prices stayed elevated amid rising geopolitical tensions in the Middle East.

The Sensex had plunged more than 700 points during the trading session before recovering all its losses to settle 47 points, or 0.06%, higher at 77,616.40. Meanwhile, the NSE Nifty 50 ended nearly unchanged, gaining just 4 points, or 0.02%, to close at 24,211.

Nifty 50 ended almost flat at 24,211.00, up 4.10 points (+0.02%), after recovering sharply from an early gap-down opening of around 167 points. The index touched an intraday low of 24,000.20 before witnessing strong buying interest from the psychological 24,000 level. It gradually moved higher throughout the session, hit an intraday high of 24,259.80, and finally settled near 24,211. Intraday price action remained constructive, with buyers consistently absorbing declines, indicating a buy-on-dips approach.

According to Sumeet Bagadia, Executive Director at Choice Broking, Nifty formed a small-bodied bullish candle, reflecting resilience despite the weak opening. Immediate support is placed at 24,000–24,050, while 24,400–24,450 remains the key resistance zone. The RSI continues to hold above the 50 mark, indicating a positive bias, while the MACD remains above the signal line, suggesting the broader bullish momentum is still intact despite some moderation in strength.

“In the derivatives segment, the PCR stands at 1.10, indicating a mildly bullish undertone. Significant Call Open Interest is concentrated at 24,200–24,300, while notable Put Open Interest is seen at 24,000–24,100, reinforcing the immediate support zone,” said Bagadia.

Bank Nifty ended the session on a positive note, closing at 58,131.45, up 85.55 points (+0.15%). After witnessing a sharp gap-down opening of around 430 points, Bank Nifty attracted strong buying interest from lower levels, erasing most of the early losses. The index recovered from an intraday low of 57,492.05 to hit 58,219.90, before settling at 58,131.45, up 85.55 points (+0.15%). The formation of a strong recovery candle highlights buying at lower levels and reflects resilience despite the weak start.

Bagadia noted that the index continues to hold above the 50-Day and 200-Day EMA confluence along with the previous swing-high breakout zone, reinforcing the broader positive trend. Immediate support is placed at 57,400–57,500, while 58,900–59,000 remains the next resistance zone.

“The RSI has improved to 58.96, indicating strengthening momentum while remaining comfortably above the neutral 50 mark. As long as Bank Nifty holds above 57,400–57,500, the overall bias is expected to remain positive, with a sustained move above 59,000 likely to extend the ongoing uptrend,” said Bagadia.

Sumeet Bagadia recommends five breakout shares to buy on Tuesday, 14 July: Welspun Living, PCBL Chemical, Tarsons Products, Saregama India, and Neogen Chemicals.

1] Welspun Living: Buy at ₹174, Target ₹188, Stop Loss ₹163.5

Welspun Living has resumed its primary uptrend after witnessing a strong bullish engulfing candle on the daily chart, reflecting aggressive buying interest at higher levels. The stock is currently trading to its fresh 52-week high, indicating sustained bullish momentum and strong market participation. Technically, it continues to maintain a higher high–higher low structure, which confirms that buyers remain firmly in control.

The stock is comfortably trading above its key EMAs, highlighting a well-established uptrend across all timeframes. RSI is placed at 66.57, suggesting healthy momentum without entering extreme overbought territory. As long as the stock holds above 163.5, the bullish structure remains intact. A sustained move above support zone could extend the rally towards the 188 mark over the coming sessions.

2] PCBL Chemical: Bu...