Breakout Stocks: REC, Gokaldas Exports to Astral — Sumeet Bagadia Recommends 5 Stocks to Buy or Sell on Thursday, May 2

In the midst of a volatile market, expert analyst Sumeet Bagadia from Choice Broking has identified five breakout stocks that investors should keep an eye on. In this article, we will delve into the analysis of these stocks and understand why Bagadia recommends buying or selling them on Thursday, May 2.

Breakout Stocks for Tomorrow:

After a bearish trend in the market on Tuesday, there are certain stocks that have shown resilience and potential for a breakout. Sumeet Bagadia emphasizes that the Nifty 50 index has formed a strong support base around the 22,350 to 22,400 zone, indicating a bullish sentiment in the market.

Top 5 Breakout Stocks to Buy:

1. Hitachi Energy or Power India

• Buy at ₹9500, target ₹10111, stop loss ₹9292

2. REC

• Buy at ₹507, target ₹535, stop loss ₹488

3. Gokaldas Exports

• Buy at ₹879, target ₹933, stop loss ₹844

4. Neuland Laboratories

• Buy at ₹7600, target ₹7999, stop loss ₹7333

5. Astral

• Buy at ₹2118, target ₹2280, stop loss ₹2020

Analysis and Recommendations:

1. Hitachi Energy: With a buy signal at ₹9500, Hitachi Energy shows potential for a significant price increase. The target price of ₹10111 indicates a lucrative opportunity for investors looking for substantial gains.
2. REC: REC has shown a breakout pattern with a buy signal at ₹507. Investors can target ₹535 while setting a stop loss at ₹488 to manage potential risks.
3. Gokaldas Exports: Gokaldas Exports is another stock recommended by Bagadia for a breakout opportunity. With a buy signal at ₹879, investors can target ₹933 with a stop loss at ₹844.
4. Neuland Laboratories: Neuland Laboratories presents a buying opportunity with a target price of ₹7999. Investors can consider buying at ₹7600 and setting a stop loss at ₹7333 to protect their investment.
5. Astral: Astral has shown promising signs of a breakout with a buy signal at ₹2118. Investors can target ₹2280 with a stop loss at ₹2020 to capitalize on the potential upside.

In conclusion, the analysis provided by Sumeet Bagadia highlights the breakout potential of these five stocks in the market. Investors looking for profitable opportunities can consider buying these stocks based on the recommendations provided. It is essential to conduct thorough research and consider market conditions before making any investment decisions. Stay informed and make informed choices to maximize returns in the stock market.