🕗Updated for 29 June 2026
Paresh Gordhandas Breakout Stock for Today
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.
Saksoft Ltd – Breakout Stock Strategy Today
For 29 June 2026
Purpose: Delivery / Swing Trading
Time Horizon: 1–8 Weeks
Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| Saksoft | Buy on Dips | Rs. 155 – 160 | Rs. 180 / 195 | Rs. 148 |
| Saksoft | Breakout Buy Above | Rs. 170 | Rs. 180 / 205 | Rs. 158 |
| Saksoft | Sell Below | Rs. 148 | Rs. 138 / 129 | Rs. 156 |
Why This Trade?
Saksoft closed at Rs. 160.45, rallying 15.08% in a single trading session with exceptionally strong volumes. The stock has gained 14.09% over the past week, 9.38% during the last month, and 34.27% over the past three months, indicating that momentum is building after a prolonged consolidation.
Technically, the stock has reclaimed all its key short and medium-term moving averages and is now trading above its 20 DMA, 34 DMA, 50 DMA and 89 DMA. Although the long-term trend remains classified as bearish, the recent price action suggests that Saksoft is attempting a medium-term trend reversal.
The stock has also moved above the Upper Bollinger Band, signalling strong buying pressure and improving institutional participation.
The stock has already delivered:
- 15.08% return in 1 day
- 14.09% return in 1 week
- 9.38% return in 1 month
- 34.27% return in 3 months
Trend Analysis
| Trend Type | View |
| Short-term Trend | Bullish |
| Medium-term Trend | Bearish (Improving) |
| Long-term Trend | Bearish |
Price Structure
The stock is:
- Trading above 20 DMA (Rs. 142.67)
- Trading above 34 DMA (Rs. 142.31)
- Trading above 50 DMA (Rs. 142.74)
- Trading above 89 DMA (Rs. 139.45)
- Trading above the Upper Bollinger Band (Rs. 152.12)
- Holding comfortably above Parabolic SAR support at Rs. 135.20
- Forming a fresh higher-high structure after several months
- Approaching an important breakout resistance near Rs. 170
Breakout Indicators Suggest
- RSI: 69.13 → Strong bullish momentum without entering extreme overbought territory.
- MACD: Positive crossover with rising histogram, confirming fresh momentum.
- ADX: 16.21 → Trend is still in the early development stage, leaving room for further strengthening.
- DMI+: 39.43 vs DMI−: 14.47 → Buyers remain firmly in control.
- CCI: 312.66 → Strong breakout territory.
- Stochastic RSI: %K at 100 indicates powerful momentum expansion.
- Williams %R: -11.96 reflects sustained buying strength.
- Momentum Indicator: 13.76, confirming acceleration in price.
Conclusion
Saksoft is displaying one of the strongest breakout structures in the IT mid-cap space after reclaiming multiple moving averages with exceptional volume support.
The combination of a positive MACD crossover, strong DMI configuration, improving RSI, extremely strong CCI and breakout above the Upper Bollinger Band suggests that institutional accumulation is gaining momentum.
As long as Rs. 148–150 remains protected, traders can maintain a positive bias.
A decisive breakout above Rs. 170 could trigger the next leg of the rally towards Rs. 180–205 over the coming weeks.
Key Intraday Levels
| Level Type | Price |
| Pivot Point | Rs. 154.32 |
| Immediate Support | Rs. 144.75 |
| Strong Support | Rs. 129.06 |
| Immediate Resistance | Rs. 170.01 |
| Strong Resistance | Rs. 179.58 |
| Major Breakout Zone | Rs. 170 |
Technical View
| Indicator | Observation |
| RSI | 69.13 (Strong bullish momentum) |
| MACD | Positive crossover |
| ADX | 16.21 (Trend building phase) |
| Bollinger Bands | Trading above Upper Band |
| Stoch RSI | Strong momentum expansion |
| CCI | 312.66 (Powerful breakout zone) |
| Momentum | Positive and accelerating |
Breakout Strategy
| Scenario | Action |
| Above Rs. 170 | Fresh breakout rally likely |
| Sustains above Rs. 180 | Upside may extend towards Rs. 195–205 |
| Below Rs. 148 | Near-term weakness may emerge |
| Below Rs. 129 | Selling pressure may intensify |
Trading Meaning
After spending several months below its long-term moving averages, Saksoft has finally regained momentum with one of its strongest volume breakouts in recent months.
Although the medium and long-term trends have not yet officially turned bullish, the improving technical setup suggests the stock is attempting to transition into a new uptrend.
The positive MACD, strong DMI+, high CCI reading and expanding momentum indicate increasing institutional participation.
A sustained move above Rs. 170 could attract fresh momentum buying and potentially open the path towards Rs. 195–205 during the next 4–8 weeks.
Best Strategy for Traders
- Conservative traders should wait for confirmation above Rs. 170.
- Aggressive traders may accumulate on dips near Rs. 155–160.
- Consider partial profit booking around Rs. 180–185.
- Trail stop losses if the stock moves above Rs. 180.
- Watch for volume expansion on any move above Rs. 170.
Pro-Level Upgrade (What Smart Money Does)
Institutional investors generally prefer stocks that successfully reclaim key medium-term moving averages before challenging long-term resistance.
For Saksoft, smart money is likely to:
Monitor volume closely, as sustained high volumes above Rs. 170 would confirm institutional accumulation and strengthen the bullish case.ains above the Rs. 1025 breakout zone.
Accumulate near Pivot Point (Rs. 154) and moving-average support.
Add fresh positions only after a convincing breakout above Rs. 170.
Use trailing stop losses once the stock sustains above Rs. 180.
Book partial profits near Rs. 195–205 while allowing the remaining position to ride the trend.