Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today - 15 July 2026

Buy or sell stocks: The Indian stock market closed in the red on Tuesday, July 14, as investor sentiment was weighed down by escalating geopolitical tensions and higher crude oil prices.

Breaking a three-session winning streak, the Sensex declined 561 points, or 0.72%, to settle at 77,054.94, while the Nifty 50 fell 159 points, or 0.66%, to close at 24,052.05.

Nifty 50 ended lower at 24,052.05, down 158.95 points (-0.66%), after a subdued and range-bound session. The index opened with a gap-down of around 143 points, touched an intraday high of 24,157.10, and traded within a narrow range for most of the day before slipping marginally in the second half to an intraday low of 24,023.70. Pharma, Healthcare and Metal stocks provided support, while Banking, Financial Services, IT, Realty and PSU Banks remained under pressure.

According to Sumeet Bagadia, Executive Director at Choice Broking, Nifty formed a bearish candle but continued to hold above its short-term EMA support, indicating that the broader recovery remains intact despite near-term consolidation.

“The RSI at 51.67 suggests neutral momentum, while the MACD remains positive despite easing bullish strength. Immediate support is placed at 23,800–23,850, with resistance at 24,200–24,250. In derivatives, PCR stood at 1.06, with major OI at 24,100–24,200 CE and 24,000–24,100 PE, while 24,050 remained the day's Max Pain level,” said Bagadia.

Bank Nifty declined 669.15 points (-1.15%) to close at 57,462.30, as sustained selling pressure dominated the session. After opening with a gap-down of around 290 points, the index faced rejection from short-term moving averages right from the opening minute and slipped to an intraday low of 57,286.90 before recovering marginally. Weakness in PSU banking stocks kept sentiment under pressure.

Bagadia noted that the index has formed a bearish candlestick, indicating short-term profit booking, but it continues to hold above the 20-Day EMA, keeping the broader trend intact.

“RSI at 52.83 remains above the neutral mark, suggesting underlying strength despite near-term weakness. Support is placed at 57,000–57,300, while 57,900–58,000 remains the immediate resistance zone,” said Bagadia.

Sumeet Bagadia recommends five breakout shares to buy on Wednesday, 15 July: JNK India, DEE Development Engineers, Cantabil Retail, Aarti Drugs, and Sudarshan Chemical Industries.

JNK India has staged a strong breakout after spending the last couple of weeks consolidating in the 470–510 range. The stock has now decisively crossed this resistance zone and is trading at fresh 52-week high levels, indicating strong buying interest and continuation of the prevailing uptrend. Technically, the stock remains comfortably above all major moving averages, with the 20-day EMA consistently acting as dynamic support throughout the recent rally.

Momentum indicators also remain constructive, with the RSI at 62.84, reflecting healthy strength without entering an extreme overbought zone. Rising volumes alongside the breakout further enhance the reliability of the move. As long as the stock sustains above the breakout zone, it has the potential to extend its rally towards 570, while 500 should be maintained as the positional stop-loss.

2] DEE Development Engineers: Buy at ₹691.5, Target ₹750, Stop Loss ₹660

DEE Development Engineers has maintained a strong uptrend after its sharp rally over the past few months and is currently consolidating near its recent highs. The stock continues to trade comfortably above all its key moving averages, highlighting sustained bullish momentum and a healthy trend structure. The 20-day EMA has been providing consistent support during every minor decline, indicating that buyers remain active at lower levels.

After absorbing profit booking near the 744-760 zone, the stock is once again witnessing renewed buying interest with a higher low formation. The RSI is placed around 56, suggesting there is ample room for further upside witho...