🕗Updated at 9:00 PM IST 9 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
Andhra Sugar Intraday Breakout Strategy Today
Trade Table
| Instrument | Trade | Buy Zone | Target | Stop Loss |
|---|---|---|---|---|
| Andhra Sugar | Buy on Dips / Breakout Buy | Rs. 79 – 83 | Rs. 90 / 101 | Rs. 74 |
Why This Trade
Andhra Sugar closed at Rs. 80.42 with a sharp 7.79% single-day surge, supported by strong follow-through momentum over the last week and month.
Short-term trend is clearly bullish, while medium and long-term trends remain bearish, indicating a counter-trend rally with strong momentum.
Technically:
• Price is trading above all key moving averages (20DMA to 200DMA) — strong bullish signal
• MACD positive with strong histogram expansion
• DMI+ (36.35) dominating DMI- (11.53) confirms bullish control
• ADX at 20.13 indicates trend is building strength
The stock has also broken above the upper Bollinger Band (77.72) — a sign of momentum breakout.
However:
• RSI at 70.71
• CCI at 230+
• StochRSI near 100
👉 indicate overbought conditions in the short term.
👉 Conclusion: Momentum is strong, but chasing is risky — prefer dip buying first, breakout buying on confirmation.
Key Levels
Resistance
- Rs. 83 – 85 → Immediate trigger zone (R1 + Camarilla resistance)
- Rs. 90 – 92 → Strong breakout zone
- Rs. 101+ → Momentum expansion zone
Support
- Rs. 79 – 77 → Immediate dip buy zone (Pivot support)
- Rs. 74 – 72 → Strong support zone
- Rs. 69 – 66 → Deeper correction zone
Breakout Call
| Instrument | Trade | Entry | Target | Stop Loss |
|---|---|---|---|---|
| Andhra Sugar | Breakout Buy | Above Rs. 85 | Rs. 90 / 101 | Rs. 79 |
👉 Breakout Logic:
If Andhra Sugar sustains above Rs. 85, it confirms fresh bullish continuation, which can quickly trigger a move towards Rs. 90 and Rs. 101.
⚠️ Given overbought signals, wait for confirmation before entry — avoid aggressive chasing.
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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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Chanakya Ni Pothi recommends stocks based on technical and fundamental analysis. Visit the post daily for updated high-potential picks. For 13 April 2026, Chanakya has recommended – Andhra Sugars
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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.