🕗Updated at 9:00 PM IST 8 April 2026
At Chanakya Ni Pothi, India’s oldest investment & IPO research weekly with a legacy of 33+ years, we bring you fresh “Breakout Stock Today” from Paresh Gordhandas — actionable Intraday stock recommendations for today, before market opening.
Breakout Stock today
HEC Projects Intraday Breakout Strategy Today
Trade Table
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| HEC Projects | Buy on Dips / Breakout Buy | Rs. 126 – 130 | Rs. 136 / 143 | Rs. 121 |
Why This Trade
HEC Projects closed at Rs. 128.11 after a sharp 16.84% single-day jump, and the stock has already surged 33.61% in a week, clearly showing strong momentum revival.
Technically, the stock is now trading above most key moving averages, while DMI+ is dominating DMI-, ADX at 31.12 confirms strong trend strength, and price is trading above the upper Bollinger Band, which signals momentum expansion.
At the same time, RSI at 66.95, Stochastic above 91, and CCI at 248.59 show that the stock is now slightly overheated in the immediate term.
👉 Conclusion: Trend is bullish, but the smarter trade is buy on dip first, breakout buy second.
Key Levels
Resistance
- Rs. 129.90 – 131.40 → Immediate breakout trigger
- Rs. 136 – 143 → Strong upside zone
- Rs. 149+ → Extended momentum zone
Support
- Rs. 126 – 124 → Immediate dip buy zone
- Rs. 121 – 116 → Strong support zone
- Rs. 112 – 104 → Deeper support if profit booking intensifies
Breakout Call
| Instrument | Trade | Entry | Target | Stop Loss |
|---|---|---|---|---|
| HEC Projects | Breakout Buy | Above Rs. 131 | Rs. 136 / 143 | Rs. 124 |
👉 Breakout Logic:
If HEC Projects sustains above Rs. 131, it confirms fresh momentum continuation and can quickly trigger a move towards Rs. 136–143.
| Vaishali Parekh |
Intraday Recommendations for 12 March 2026 |
| 1] Canara Bank: Sell at Rs.147, Target Rs 142 Stop Loss Rs. 150; |
| 2] HAL: Buy at Rs.3960, Target Rs.4200, Stop Loss Rs.3900; and |
| 3] Castrol India: Buy at Rs.185, Target Rs.190, Stop loss Rs.182. |
Also Read
Market Analysis by Nagaraj Shetti
Stock Market today by Vaishali Parekh
Sumeet Bagadia’s Breakout Calls
Market Analysis by HDFC Securities
Quicklinks
*RA No. INH00000750
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Paresh Gordhandas is a distinguished Chartered Accountant and one of India’s most respected Research Analysts, with an illustrious career spanning over 35 years in equity and mutual fund research. Recognized as a pioneer in the field of investment analysis, he has guided generations of investors with his sharp insights and unbiased evaluations of the Indian capital markets.
He is a regular face on leading business news channels such as GS TV and others, where his expert opinions on stocks, IPOs, and mutual funds are highly valued. His analytical articles frequently feature in prominent investment publications and financial portals, reflecting his deep understanding of market dynamics.
Beyond research, Mr. Gordhandas is also a successful entrepreneur. He is the driving force behind several innovative ventures, including BigGaddi.com, India’s leading used commercial vehicle platform, and StaffAvailable.com, a reputed overseas recruitment portal. As a domain expert in mutual fund analysis, his views and recommendations are exclusively featured on Sahifund.com, one of India’s growing mutual fund research platforms.