Top Breakout Stocks to Buy Today: Expert Picks Ramco Systems, Tilaknagar Industries, and More

As Indian stock markets remain cautious recovery, here comes the leading analyst Sumeet Bagadia from Choice Broking to share his top breakout stocks in today's list. Moving on from the positive performances on Tuesday with Nifty 50 closing 0.91% higher with 24,213.30 points and BSE Sensex surging at 0.88% with 79,476.63 points, Bagadia expects the volatility to hold on in the market ahead. He recommended a very stock-specific approach for investing in the stock for that short-term intraday gaining.

Bagadia says, "Nifty 50 index is now moving in a range of 23,800 to 24,400 points. Banking stocks are likely to move more, as Bank Nifty index has sustain above 51,000." He recommends some technically strong stocks with breakout from Q2 earnings season.

He identifies five breakout stock picks, which can be considered for buying- Chaman Lal Setia Exports, Tilaknagar Industries, ELGI Rubber, Ramco Systems, and Ganesh Housing. Details of his recommendations are as follows:

Chaman Lal Setia Exports: Buy at ₹350, the Stop Loss at ₹337 with a target of ₹375. This stock looks a strong potential short-term gainer.

TIL: Buy at ₹ 335, Target Price ₹ 360, SL ₹ 325. This may be a good buy in today's market for TIL.

ELGI Rubber: A buy recommendation at ₹123, Target ₹ 130, SL ₹ 119. It is indicating a good breakout trend.

Ramco Systems: Buy at ₹429.80, target ₹460 with SL of ₹415. Ramco Systems is expected to perform well as per the technical indicators.

Ganesh Housing: Entry at ₹1154.20, Target ₹1230 with SL of ₹1111. It is placed in a strong breakout position.

One must keep a keen eye on these stocks, and at times, stop-loss levels will also be fixed. Bagadia's breakout stocks are bound to give short-term returns in a volatile market where Nifty and Sensex seem to recover gradually. Never forget to get certified expert advice before deciding on your investments.