🕗Updated at 7:00 PM IST 23 June 2026
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.
The stock is showing:
| Trend Type | View |
| Short-term trend | Bullish |
| Medium-term trend | Bullish |
| Long-term trend | Bullish |
Price is:
• Trading above 20DMA, 34DMA and 50DMA
• Trading above 89DMA and 200DMA support
• Trading near Upper Bollinger Band at Rs. 149.71
• Holding above Parabolic SAR support at Rs. 135.39
• Showing higher-high and higher-low formation
• Approaching a major breakout trigger near Rs. 157
Breakout Stocks for Today – Indicators suggest:
• RSI at 64.61 → strong bullish momentum
• ADX at 18.94 → trend building phase
• DMI+ at 28.62 vs DMI− at 15.84 → buyers dominate
• MACD remains positive with bullish crossover
• Stochastic RSI at 100 → momentum expansion underway
• CCI at 89.37 → bullish territory
• ATR at 7.71 → healthy volatility
• Momentum at 20.94 → positive acceleration
👉 Conclusion:
Aarvi Encon is displaying strong momentum accumulation after reclaiming all key moving averages and entering a fresh breakout zone.
The stock remains one of the better momentum candidates among engineering and manpower services companies. A decisive breakout above Rs. 157 can potentially trigger a fresh rally toward Rs. 183–202 levels in the coming weeks.
Key Intraday Levels
| Level Type | Price |
| Pivot Point | Rs. 146.29 |
| Immediate Support | Rs. 138.57 |
| Strong Support | Rs. 127.83 |
| Immediate Resistance | Rs. 157.03 |
| Strong Resistance | Rs. 164.75 |
| Major Breakout Zone | Rs. 157 |
Technical View
| Indicator | Observation |
| RSI | 64.61 (Strong bullish momentum) |
| MACD | Positive crossover |
| ADX | 18.94 (Trend building) |
| Bollinger Bands | Trading near upper band |
| StochRSI | Strong momentum expansion |
| CCI | 89.37 (Bullish territory) |
| Momentum | Positive and accelerating |
Breakout Strategy
| Scenario | Action |
| Above Rs. 157 | Fresh breakout rally possible |
| Sustains above Rs. 165 | Upside may extend toward Rs. 183–202 |
| Below Rs. 135 | Near-term weakness may emerge |
| Below Rs. 128 | Selling pressure may intensify |
Trading Meaning
Aarvi Encon is witnessing strong momentum accumulation after breaking out from a prolonged consolidation phase. The stock is trading above all major moving averages while maintaining positive momentum indicators.
The combination of positive MACD, strong DMI structure, rising RSI and healthy momentum readings indicates increasing participation from informed investors.
A decisive move above Rs. 157 could trigger fresh momentum buying and potentially open the path toward Rs. 183–202 levels over the next few weeks.
Best Strategy for Traders
• Conservative traders can wait for breakout confirmation above Rs. 157
• Aggressive traders may accumulate near Rs. 145–150 support zone
• Partial profit booking is advisable near Rs. 165–170
• Momentum traders should monitor volume expansion above Rs. 157
• Intraday traders should closely watch Pivot Point Rs. 146.29
Pro-Level Upgrade (What Big Players Do)
Institutional traders generally prefer stocks that reclaim medium and long-term moving averages before challenging major resistance zones.
Smart money usually prefers:
• Buying near pivot and moving-average support zones
• Adding fresh positions only after breakout confirmation above Rs. 157
• Using trailing stop losses during trend continuation
• Booking partial profits near resistance clusters
• Monitoring volume participation above Rs. 157
Chanakya View
Bullish for 4–8 weeks. Aarvi Encon has emerged as one of the stronger breakout candidates with bullish trends across short, medium and long-term timeframes. The risk-reward remains attractive as long as Rs. 135 support holds. A breakout above Rs. 157 can potentially trigger a move towards Rs. 183–202breakout candidate in the list for a 4–6 week trade because momentum is strong but RSI is not yet in extreme overbought territory. A breakout above Rs. 234 can potentially generate 20–30% upside toward Rs. 271–290.