 "Indian equities, Sensex, Nifty, Trump tariff threat, HDFC Bank, RIL, TCS, market decline, trade tensions, FPI selling, earnings season")
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Breakout stocks: Stocks to buy today, August 19
UNO Minda
UNO Minda has confirmed an inverse head & shoulders breakout on the charts, accompanied by a breakaway gap. Breakaway gaps typically signal strong buying conviction and aggressive accumulation, while the inverse head & shoulders pattern itself reflects a decisive trend reversal to the upside.
The breakout was supported by a notable increase in volume, highlighting buyers’ willingness to build fresh positions. On the momentum front, the RSI is sustaining in the higher range, validating the bullish price action.
Trend indicators further strengthen the view, with DI+ trading above DI-, confirming the uptrend, while the ADX above DI- suggests growing strength behind the move.
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Overall, the combination of a classical bullish reversal pattern, strong volume confirmation, and supportive momentum indicators makes UNO Minda a compelling candidate for portfolio inclusion in the near term.
Buy Range : ₹1,220-₹1,190
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Stop Loss: ₹1,110
Target Price: ₹1,395-₹1,450
Avenue Supermarts (DMart)
DMart has delivered a symmetrical triangle breakout on the daily timeframe, confirming the resumption of an uptrend. The breakout was accompanied by a breakaway gap, which reflects strong buying interest and aggressive accumulation in the stock.
On the weekly chart, the Avenue Supermarts stock has managed to sustain above its prior resistance zone (window), converting it into a support level. This structural shift highlights strength in the ongoing move. A gradual rise in volumes further validates buyers’ conviction in the security.
Momentum indicators are aligned with the price action. The DI+ trading above DI- confirms the uptrend, while the ADX above DI- indicates rising strength behind the move, increasing the probability of sustained upside momentum.
Overall, the combination of pattern breakout, structural strength on the weekly chart, and volume confirmation makes DMart an attractive candidate.
Buy Range: ₹4,560-₹4,503
Stop Loss: ₹4,200
Target Price: ₹5,200-₹5,350
Grasim Industries
Grasim Industries stock has taken support at its rising trendline and rebounded with a strong bullish candle backed by volumes, reflecting buyers’ interest at key support levels. The stock continues to maintain a higher-high and higher-low formation, suggesting that the prevailing uptrend remains intact. As long as the price sustains above the rising trendline or the previous swing low, the trend structure favors further upside and the potential for new highs.
From an Ichimoku perspective, the stock has managed to close above the Base Line, Conversion Line, and the Ichimoku Cloud, reinforcing a bullish trend setup. On the momentum front, the RSI is turning upward, confirming strength and aligning with the bullish price action.
Overall, the combination of trendline support, bullish price structure, Ichimoku confirmation, and supportive momentum positions Grasim as an attractive near-term candidate.
Buy range: ₹2,845-₹2802
Stop Loss: ₹2,710
Target Price: ₹3,110-₹3,180
(Disclaimer: This article is by Kunal Kamble, sr. technical research analyst at Bonanza. Views expressed are his own.)
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