Breakout Stocks: Volume surge in Bharat Dynamics and Bharat Forge among other high value stocks

Market Wrap-Up

Indian equities closed in the red for the second straight session on Friday. The BSE Sensex dropped nearly 800 points, though the Nifty50 managed to hold above the 24,000 mark.

Sectoral Trends

Gains were noted in metal, consumer durables, and capital goods, while pressure continued in banking, power, utilities, and real estate sectors.

Breakout Stocks to Watch

Among the top performers, KPR Mill surged over 11%, touching a new 52-week high. Bharat Dynamics climbed more than 5% amid a volume spike, and Bharat Forge gained over 4%, also backed by rising trading volumes.

Expert Analysis: What to Expect Next Week

Drumil Vithlani, Technical Research Analyst at Bonanza, shared the following educational insights:

KPR Mill – Strategy: BUY

Formed a bullish "Three White Soldiers" pattern on the daily chart

Breaking out of a rounding bottom formation — a sign of sustained accumulation

RSI above 60 indicates strong bullish momentum

Near-term targets: ₹1,350 and ₹1,400

Support: ₹1,215 – trend remains intact unless breached

Bharat Forge – Strategy: BUY

Broke out of a 10-day consolidation phase with a bullish candle

Invalidated its prior lower-low pattern, hinting at a trend reversal

RSI around 58 supports growing momentum

Upside targets: ₹1,250 and ₹1,275

Stop-loss: ₹1,130 to limit downside

Bharat Dynamics (BDL) – Strategy: Buy on Dips

Sustains above key moving averages (20 & 50 EMA)

Strong buying volume reflects positive sentiment

Defense sector rally fueled by geopolitical tension, especially India-Pakistan cues

Fresh entries advised on dips to ₹1,485

Target: ₹1,600

Remains attractive above ₹1,435 for existing holders

Disclaimer: Investors are advised to do their own due diligence before making trading decisions.