The Indian stock market witnessed a strong rebound on Monday, November 10, as benchmark indices Sensex and Nifty 50 ended their three-day losing streak, supported by robust gains in select blue-chip companies like Infosys and Reliance Industries. The overall sentiment on Dalal Street turned positive, buoyed by improving global cues and renewed investor optimism ahead of key macroeconomic data.
Amid this upbeat market mood, market expert Sumeet Bagadia, Executive Director at Choice Broking, has identified five breakout stocks that show strong technical setups and offer short-term trading opportunities for investors and traders.
Let’s take a deep dive into the market scenario, technical outlook, and the five stocks that Bagadia believes could deliver potential upside in the coming sessions.
Market Overview: Bulls Make a Comeback
After three consecutive sessions of losses, the Sensex and Nifty 50 staged an impressive comeback on Monday. The Sensex gained 319 points (0.38%), closing at 83,535.35, while the Nifty 50 climbed 82 points (0.32%) to end at 25,574.35.
In the broader market, performance remained mixed. The BSE Midcap Index outperformed with a 0.62% rise, reflecting investor interest in quality midcap names, while the Smallcap Index dipped 0.28%, indicating some profit booking after recent sharp gains.
According to analysts, the rebound in benchmark indices was largely driven by a recovery in global markets, easing US bond yields, and renewed buying in heavyweight counters.
Sumeet Bagadia’s Market Outlook
Commenting on the market outlook, Sumeet Bagadia noted that the Nifty 50 index has shown resilience after finding strong support near 25,320, a level that had previously acted as a key pivot point.
“The benchmark Nifty has touched 25,650 but for a sustained bullish trend, the index needs to close decisively above 25,750. If that happens, we can expect further improvement in market sentiment,” Bagadia explained.
He further advised traders to adopt a stock-specific approach rather than focusing on the index alone. “The current phase is ideal for identifying breakout stocks — counters that are technically strong, showing robust price action, and capable of delivering swift upside,” he said.
What Are Breakout Stocks?
Before diving into the recommendations, it’s important to understand what “breakout stocks” mean in trading terms.
A breakout stock refers to a stock that moves beyond a key resistance level (price ceiling) or below a key support level (price floor) with strong volume. Such breakouts often signal the beginning of a new trend — either bullish or bearish.
When a stock breaks out upward from a consolidation phase or chart pattern (like a triangle, flag, or rectangle), it often indicates renewed buying momentum and the potential for rapid gains.
With markets showing signs of recovery, Sumeet Bagadia’s latest picks focus on stocks that have recently broken key resistance levels and are poised for further upward movement.
Top 5 Breakout Stocks to Buy Today (11 November 2025)
1. HBL Power Systems (HBL Engineering)
- Buy Price: ₹1,087
- Target Price: ₹1,164
- Stop Loss: ₹1,049
Technical Outlook:
HBL Power Systems has recently given a strong breakout above its short-term resistance zone near ₹1,080 levels, supported by robust trading volume. The stock has formed a higher-high, higher-low pattern on the daily chart — a clear indication of a continuing uptrend.
The momentum indicators such as RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) also support a bullish bias, suggesting that buying interest is likely to continue in the near term.
Bagadia’s View:
“HBL Engineering looks strong on the charts with the potential to reach ₹1,164 in the short term. Traders can initiate fresh long positions around current levels, maintaining a stop loss at ₹1,049 to manage risk,” he said.
2. J B Chemicals and Pharmaceuticals Ltd.
- Buy Price: ₹1,813
- Target Price: ₹1,940
- Stop Loss: ₹1,750
Technical Outlook:
Pharma stocks have been gradually regaining momentum, and JB Chemicals stands out as one of the stronger names in the sector. The stock recently broke above its consolidation zone near ₹1,800, signaling the start of a new upward leg.
It is trading comfortably above both its 20-day and 50-day moving averages, indicating sustained buying pressure. With improving fundamentals and positive sentiment in the pharma space, the stock could witness further upside.
Bagadia’s View:
“The stock has given a strong breakout after a healthy base formation. It has the potential to test levels around ₹1,940 in the coming sessions,” he stated, adding that maintaining a stop loss at ₹1,750 would help traders protect against downside risk.
3. AIA Engineering Ltd.
- Buy Price: ₹3,444
- Target Price: ₹3,680
- Stop Loss: ₹3,326
Technical Outlook:
AIA Engineering has been showing consistent strength and resilience compared to its peers in the capital goods and industrial sector. The stock recently crossed its key resistance at ₹3,430, confirming a bullish breakout on the daily chart.
Volume activity has been rising steadily, indicating strong participation from institutional investors. RSI remains above 60, reinforcing positive momentum.
Bagadia’s View:
“AIA Engineering has given a confirmed breakout and is likely to continue its upward move toward ₹3,680. Traders can buy around ₹3,440–₹3,450 levels with a stop loss at ₹3,326,” Bagadia advised.
He further added that the stock’s steady uptrend and sectoral tailwinds make it a strong candidate for short- to medium-term gains.
4. Aavas Financiers Ltd.
- Buy Price: ₹1,648
- Target Price: ₹1,764
- Stop Loss: ₹1,590
Technical Outlook:
The housing finance company Aavas Financiers has shown a clear breakout from its sideways trading pattern. The breakout above ₹1,640, backed by volume expansion, indicates a potential continuation of the rally.
From a technical perspective, the stock has maintained strong support around ₹1,580–₹1,590 levels, while momentum oscillators suggest room for further appreciation.
Bagadia’s View:
“Aavas Financiers has broken its consolidation range and looks poised for further upside. The immediate target is ₹1,764, and traders should maintain a strict stop loss below ₹1,590,” he said.
He added that the financial sector is seeing renewed optimism due to stable interest rate expectations, which could support the stock’s upward trajectory.
5. Emcure Pharmaceuticals Ltd.
- Buy Price: ₹1,422
- Target Price: ₹1,522
- Stop Loss: ₹1,372
Technical Outlook:
Emcure Pharmaceuticals has emerged as a strong performer in the pharma sector after forming a solid base around ₹1,350. The stock has given a breakout above ₹1,410, indicating renewed buying interest.
Short-term moving averages are aligned in a bullish formation, and the stock is witnessing positive volume buildup, suggesting accumulation by traders and investors alike.
Bagadia’s View:
“Emcure Pharma is showing strong momentum on technical charts. A move toward ₹1,520 looks achievable in the near term, provided it sustains above ₹1,410. A stop loss at ₹1,372 should be maintained for risk management,” he recommended.
Sectoral Insights and Technical Sentiment
While the broader market outlook remains cautiously optimistic, certain sectors are showing signs of leadership.
- Pharma and Healthcare: Stocks like JB Chemicals and Emcure Pharmaceuticals are benefiting from renewed investor interest, supported by strong quarterly results and defensive demand during market volatility.
- Engineering and Industrial Goods: AIA Engineering and HBL Power Systems are riding on India’s ongoing infrastructure and manufacturing push.
- Financial Services: Aavas Financiers reflects optimism in NBFC and housing finance companies, as expectations of stable interest rates improve lending margins.
Overall, analysts believe the market will continue to be driven by stock-specific action, given that the Nifty still needs to clear resistance near 25,750 for a confirmed bullish continuation.
Risk Management and Trading Strategy
While breakout stocks offer high-reward opportunities, traders are advised to remain disciplined and use proper stop-loss mechanisms. Bagadia emphasized that markets are currently driven by both global cues (like US inflation data and oil price movements) and domestic triggers (such as corporate earnings and FII activity).
He advised traders to:
- Focus on technically strong stocks with high relative strength.
- Avoid over-leveraging and use trailing stop losses.
- Keep an eye on broader index movement for confirmation of momentum.
