Stocktwits AMA: SEBI Analyst Palak Jain Highlights Breakout Zones And Risk Levels For Ten Stocks

The analyst identified bullish structures in Kaynes and GRSE, cautioned on Angel One and MRPL, and shared critical resistance levels for Bajaj Auto.

In an ask-me-anything (AMA) session hosted on Stocktwits on Tuesday, SEBI-registered analyst Palak Jain shared her outlook on ten stocks, highlighting bullish breakouts, sideways consolidations, and key risk levels. 

From Kaynes Technology’s ascending triangle to Kotak Mahindra Bank’s long-term consolidation and Bajaj Auto’s decisive resistance zone, her insights offer traders a mix of breakout opportunities and cautionary signals.

Let’s take a look at Palak Jain’s recommendations: 

Kaynes Technology

Kaynes is showing an ascending triangle pattern with strong volume, suggesting bullish momentum. A breakout above ₹7,100 could trigger a rally, supported by positive volume and technical setup. Keeping a stop-loss just below the trendline is advisable for risk management 

Kotak Mahindra Bank 

Kotak Bank is in a multi-year consolidation phase, as shown by its sideways movement since 2019. Over a 1-year timeframe, a strong breakout above the highlighted resistance zone could trigger a new uptrend, but a lack of volume spike suggests patience is needed before a decisive move. Long-term investors should monitor for sustained highs; accumulation near support remains prudent.

Bajaj Auto

Jain flagged significant resistance at ₹9,072 for Bajaj Auto. Stock has momentum; a decisive breakout above resistance could trigger a strong uptrend. Wait for breakout confirmation with above-average volume before initiating new positions. If resistance holds, expect a possible short-term reversal or consolidation. She added that it was essential to set a strict stop-loss just below the resistance for risk control. Higher volume on breakout adds conviction for sustained upside; otherwise, fake-out risk remains, Jain cautioned.

Bombay Stock Exchange (BSE)

BSE is currently trading with a neutral trend and is expected to reach the 1-year average price target of ₹2,536–₹2,541, with highs of ₹3,200–₹3,360 and lows near ₹1,807–₹1,683. Whether BSE hits ₹2,400 or dips depends on broader market sentiment; right now, momentum is muted, and a sideways phase may continue until a strong trigger emerges.

Angel One 

For Angel One, Jain pegged key support at ₹2,188, a level where price rebounded, indicating buyer interest. The stock trades in a falling channel; the trend remains weak unless it breaks out above the upper line, if price holds above support and breaks the channel with substantial volume, a trend reversal is possible. If ₹2,188 breaks, expect further downside; stay cautious for fresh positions. She recommended watching the next few sessions for a direction.

HCL Technologies 

HCL Tech is trading in a rising channel, reflecting a strong long-term uptrend. Formation of higher highs and higher lows suggests continued bullish momentum. Lower channel boundary near ₹1,350 acts as significant support, and its recent bounce signals buyer strength. If price sustains above support, potential exists for a move towards upper channel resistance (~₹2,200).

Garden Reach Shipbuilders (GRSE)

GRSE has shown a cup and handle breakout pattern, which is bullish for long-term upside. A breakout above ₹2,750 confirms the formation of a cup and handle structure. Key support is seen at ₹2,190, and price staying above this keeps bullish bias intact. Continued strength could push price toward prior highs if breakout holds.

Mangalore Refinery & Petrochemicals (MRPL)

MRPL stock is moving sideways, stuck in a tight range between support and resistance with no clear trend. The price has not broken out, so it’s best to wait for a move above the box for a strong rally or below for a fall; right now, momentum is weak and direction is uncertain.

Easy Trip Planners

For EaseMyTrip, Jain identified support between ₹8.08 and ₹8.27, with resistance at ₹8.46 and ₹8.65. Traders can consider entering near the support level, with a stop-loss slightly below ₹8.08. And they can book profits near resistance levels, above ₹8.46–₹8.65.

Trident 

For Trident, she sees support between ₹26.23 and ₹27.51, with resistance at ₹28.95 to ₹30.47. Jain advised traders to enter closer to support levels, with a stop-loss just below ₹26.23, with targets at resistance levels of ₹28.95–₹30.47 unless a breakout occurs.

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