Stocks to buy or sell: Premier Explosives to Affle — Sumeet Bagadia recommends five breakout stocks today — May 21

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Balkrishna Industries, Kaynes Technology India, and Affle (India). 1] Premier Explosives: Buy at ₹2,477.6, target ₹2,626, stop loss ₹2,394; 2]Bharat Bijlee: Buy at ₹3,884.85, target ₹4,111, stop loss ₹3,744; 3] Kaynes Technology India: Buy at ₹3,234.35, target ₹3,399, stop loss ₹3,144; 4] Balkrishna Industries: Buy at ₹2797.95, target ₹2950, stop loss ₹2699; and 5] Affle (India): Buy at ₹1,233.85, target ₹1,299, stop loss ₹1,188. In the Nifty 50 during the special trading session on Saturday, May 18, range bound activity continued to push the market higher, closing the day up 35 points, according to Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

The market moved during the brief special trading session within a narrow range after starting the day on a bullish note. On the daily chart, a modest range candle appeared, indicating a pattern of upward continuance. On the Nifty weekly chart, a bullish candlestick pattern resembling a Piercing line pattern appeared, suggesting further upside for the market in the near future.

“Larger range bound pattern of around 22,800-21,750 has come into play this week. Having moved up from near the lower range of 21750 levels in this week, Nifty 50 is expected to move towards the upper range of 22,800 levels in the next 1-2 weeks. Immediate support is placed at 22,200 levels," said Shetti.