Choice Broking Director names five Indian stocks for 11 September
Sumeet Bagadia, Executive Director at Choice Broking, recommends specific entry and exit points for Blue Star, Redington, Manappuram Finance, and Clean Science and Technology.
Analyst identifies 'breakout' shares
Sumeet Bagadia, Executive Director at Choice Broking, has identified five Indian equities as 'breakout' opportunities for trading on 11 September 2026. These recommendations include Blue Star, Redington, Manappuram Finance, Clean Science and Technology, and Atul.
The calls follow a period where Indian benchmark indices experienced a recovery, despite broader market segments remaining under pressure. Bagadia's analysis suggests these particular stocks exhibit technical patterns indicating potential upward movement.
Cautious market outlook
The recommendations emerge as Indian equities staged a recovery on 10 September, with the Nifty 50 closing 0.20% higher at 23,477 and the S&P BSE Sensex gaining 0.19% to finish at 74,902. This halted a three-session losing streak for the benchmarks. However, the Nifty Midcap 100 declined 0.38% and the Nifty Smallcap 100 fell 0.07%, indicating a subdued broader market.
Bagadia stated that a sustained recovery above key moving-average resistance is crucial for a meaningful trend reversal in the Nifty index.
Specific stock recommendations
For Blue Star, Bagadia advises buying at ₹1514 with a target of ₹1620 and a stop loss at ₹1461, noting a technical pullback. Redington is recommended for purchase at ₹392, targeting ₹420 with a stop loss at ₹378, following a decisive breakout. Manappuram Finance has a buy recommendation at ₹331, a target of ₹355, and a stop loss at ₹320, based on a technical rebound.
Clean Science and Technology is suggested for buying at ₹848, aiming for ₹908 with a stop loss at ₹818, showing signs of a trend reversal. Atul was also named, though specific entry and exit parameters were not detailed in the source.
Investors considering these recommendations should note Bagadia's broader market assessment, which remains cautious despite the previous day's gains. The Nifty continues to trade below key moving averages, with a low Relative Strength Index (RSI) of 28.94 suggesting oversold conditions and weak momentum.
For the Bank Nifty, an RSI of 38.83 also indicates weak momentum, with resistance identified between 56,600–56,750. A decisive breach of these resistance levels would be necessary to establish a stronger market recovery, framing these individual stock calls within a technically challenging environment.
This article is journalism, not investment advice; consult a licensed professional before making financial decisions. Market data is indicative, may be delayed, and should be verified with your broker or exchange before use.
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