🕗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.
PSP Projects Ltd – Breakout Stock Strategy Today
For 25 June 2026
Purpose: Delivery / Swing Trading
Time Horizon: 4–6 Weeks
Trade Setup
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| PSP Projects | Buy on Dips | Rs. 970 – 1000 | Rs. 1095 / 1149 | Rs. 935 |
| PSP Projects | Breakout Buy Above | Rs. 1025 | Rs. 1149 / 1202 | Rs. 975 |
| PSP Projects | Sell Below | Rs. 935 | Rs. 885 / 832 | Rs. 985 |
Why This Trade?
PSP Projects closed at Rs. 999.25 after gaining 3.87% in a single session. The stock has delivered an impressive 10.12% return in one week, 29.36% in one month, and 47.75% over the last three months, clearly indicating strong institutional accumulation.
The stock is trading comfortably above its 20 DMA, 34 DMA, 50 DMA, 89 DMA and 200 DMA, confirming a powerful uptrend across all major time frames.
The stock has already delivered:
• 10.12% return in 1 week
• 29.36% return in 1 month
• 47.75% return in 3 months
• 30.47% return in 1 year
The stock is showing:
| Trend Type | View |
|---|---|
| Short-term trend | Bullish |
| Medium-term trend | Bullish |
| Long-term trend | Bullish |
Price is:
• Trading above 20 DMA, 34 DMA and 50 DMA
• Trading above 89 DMA and 200 DMA support
• Trading above Upper Bollinger Band at Rs. 993.35
• Holding above Parabolic SAR support at Rs. 905.62
• Showing strong higher-high and higher-low formation
• Approaching a major breakout trigger near Rs. 1021–1025
Breakout Stocks for Today – Indicators suggest:
• RSI at 70.34 → strong bullish momentum
• ADX at 39.37 → strong trending market
• DMI+ at 31.29 vs DMI− at 8.07 → buyers firmly in control
• MACD remains strongly positive with bullish crossover
• Stochastic RSI at 100 → momentum expansion underway
• CCI at 163.00 → breakout territory
• ATR at 44.58 → healthy volatility supporting trend continuation
👉 Conclusion
PSP Projects is one of the strongest momentum candidates in the infrastructure space. The stock is trading above all major moving averages while momentum indicators continue to strengthen.
As long as Rs. 935–940 support remains intact, traders can maintain a positive bias. A decisive breakout above Rs. 1021–1025 can potentially trigger a fresh rally toward Rs. 1149–1202 over the next 4–6 weeks.
Key Intraday Levels
| Level Type | Price |
|---|---|
| Pivot Point | Rs. 990.77 |
| Immediate Support | Rs. 968.53 |
| Strong Support | Rs. 937.82 |
| Immediate Resistance | Rs. 1021.48 |
| Strong Resistance | Rs. 1043.72 |
| Major Breakout Zone | Rs. 1025 |
Technical View
| Indicator | Observation |
|---|---|
| RSI | 70.34 (Strong bullish momentum) |
| MACD | Strong positive crossover |
| ADX | 39.37 (Strong trend) |
| Bollinger Bands | Trading above upper band |
| StochRSI | Strong momentum expansion |
| CCI | 163.00 (Breakout territory) |
| Momentum | Positive and accelerating |
Breakout Strategy
| Scenario | Action |
|---|---|
| Above Rs. 1025 | Fresh breakout rally possible |
| Sustains above Rs. 1045 | Upside may extend toward Rs. 1149–1202 |
| Below Rs. 935 | Near-term weakness may emerge |
| Below Rs. 885 | Selling pressure may intensify |
Trading Meaning
PSP Projects is displaying a textbook momentum breakout supported by strong trend strength, rising volumes and bullish MACD structure.
The combination of positive MACD, strong ADX, bullish DMI setup, elevated RSI and strong CCI readings suggests continued institutional participation.
A decisive move above Rs. 1025 could trigger fresh momentum buying and potentially open the path toward Rs. 1149–1202 during the next 4–6 weeks.
Best Strategy for Traders
• Conservative traders can wait for breakout confirmation above Rs. 1025
• Aggressive traders may accumulate near Rs. 970–1000 support zone
• Partial profit booking is advisable near Rs. 1095–1100
• Momentum traders should monitor volume expansion above Rs. 1025
• Swing traders should closely watch Pivot Point Rs. 990.77
Pro-Level Upgrade (What Big Players Do)
Institutional traders generally prefer stocks where all three trends — short, medium and long term — are aligned in the same direction. PSP Projects currently satisfies this condition.
Smart money usually prefers:
• Buying near pivot and moving-average support zones
• Adding fresh positions only after breakout confirmation above Rs. 1025
• Using trailing stop losses during trend continuation
• Booking partial profits near Rs. 1095 and Rs. 1149
• Monitoring institutional volume participation above Rs. 1025
Chanakya View:
PSP Projects currently appears to be one of the strongest 4–6 week breakout candidates from the screened list, with potential upside of 15%–20% if the stock sustains above the Rs. 1025 breakout zone.