Stocks to Buy Today: 5 Breakout Picks by Sumeet Bagadia After US Fed Decision

March 19, 2026, 12:33 pm

Indian Stock Markets have again shown a trend of increasing for the third consecutive day. Indian Stock Markets were affected by global market trends on March 18. Indian Stock Exchange’s BSE Sensex and Nifty 50 have again shown a trend of increasing, despite the tense situation in the Middle East, increasing oil costs, and a weaker rupee. Buying trends for both stock exchanges are high. Technical levels for both stock exchanges were also positive. Market expert Sumeet Bagadia has shown the support and resistance levels for both stock exchanges. Market expert Sumeet Bagadia has suggested five stocks for buying on March 19.

Sensex and Nifty 50 Extend Rally

Benchmark indices have closed in the green zone. The Sensex has closed at 76,704.13 after a gain of 633 points, or 0.83 percent. On the other hand, the Nifty 50 has closed at 23,777.80 after a gain of 197 points, or 0.83 percent.

Despite the presence of headwinds, the markets have shown a reflection of the confidence of the investors, taking into account the rise in crude oil prices and the weakening rupee. The buying interest in the markets has helped the markets sustain the uptrend for the third consecutive day.

Nifty 50: Key Levels and Technical Outlook

Nifty 50 had a positive start to the day, opening at 23,632.90, and the trend continued during the day. The lowest and highest point of the day were recorded at 23,618.45 and 23,862.25, respectively, and finally closed the day at 23,777.80, up by 196.65.

Sumeet Bagadia has mentioned that the 23,600-23,650 levels are likely to act as a support zone. The 23,900-23,950 levels are likely to act as a resistance zone.

Further, the RSI was recorded at 37.04 levels. The RSI has started moving up from the oversold zone but is still trading below the mid-line of 50 levels.

Bank Nifty: Momentum Builds but Caution Remains

Similarly, the trend for the Bank Nifty index was also the same. The opening for the day was at 54,927.05. There was a constant increase in buying. The minimum for the day was noted at 54,689.10, and the maximum for the day was noted at 55,554.15. The day closed at 55,326.05, an increase of 450.05 points or 0.82%.

According to Bagadia, “An immediate support for Bank Nifty will be in the range of 55,000-55,100. On the other hand, resistance for Bank Nifty is likely to come in the range of 55,600-55,700.”

RSI for Bank Nifty was recorded at 35.11. It is increasing from the oversold area. However, it is still below 50.

Stocks to Buy Today: Sumeet Bagadia’s Top Picks

Sumeet Bagadia recommended five stocks for March 19 based on strong technical setups and improving momentum.

GE Vernova T&D India: Strong Uptrend Continuation

Bagadia advised purchasing GE Vernova T&D India shares at ₹3,808 with a target price of ₹4,050 and a stop loss at ₹3,650.

The stock is seen forming a continuation chart with a strong uptrend. The stock has fallen back to the 50 EMA and formed a bullish reversal chart. This indicates fresh buying interest at lower levels.

The stock is also seen trading above the 20 EMA. The stock’s 20, 50, 100, and 200 EMAs are also aligned, which is a positive sign. Also, the stock has made a higher low at Rs 3,650, and hence, the stock may move to Rs 4,050.

Centum Electronics: Breakout with Volume Support

Another stock which can be considered a top pick is Centum Electronics. According to the recommendation of Bagadia, the stock can be bought at a price of ₹2,835 and can be sold at ₹3,044 with a stop loss of ₹2,683.

The stock has already shown a breakout after a consolidation period. The presence of strong bullish candles indicates a change in the stock’s movement. The stock is trading above all its key EMAs. This is a clear sign of strength.

The stock has shown a breakout with a rise in volume. This is a clear sign of institutional buying. The support for the stock is ₹2,683. As long as the stock trades above this level, it can move higher to ₹3,044.

Adani Energy Solutions: Recovery with Breakout Potential

Bagadia recommended purchasing Adani Energy Solutions at Rs 1,036, targeting Rs 1,102, and placing a stop loss at Rs 1,000.

The stock is seen forming a base after a sharp correction. The stock has moved past its 20 and 50-day EMAs, which is positive from a momentum perspective. It is also holding well above its 100 EMA, which is another positive sign for the stock.

Also, the stock is seen testing resistance at Rs 1,040. If it manages to break past this barrier, we could see more upside for the stock. The support at Rs 1,000 acts as strong psychological support for the stock. The stock could move to Rs 1,102, which is also in line with the Fibonacci extension.

Bharat Forge: Pullback Offers Buying Opportunity

Bagadia suggested a buy for Bharat Forge Ltd. at ₹1,804 with a target of ₹1,935 and a stop loss of ₹1,760.

The stock is seeing a pullback rally in a bigger uptrend. It is finding support at the 50 EMA and is attempting a bounce.

Overall, the stock looks bullish with higher highs and higher lows. ₹1,760 is a strong support zone for the stock. It may move to the previous highs if it holds above ₹1,760 and may move to ₹1,935.

Cummins India: Signs of Trend Resumption

Another stock on the list of Bagadia is Cummins India. He recommended buying the stock at ₹4,717 and a target of ₹5,000 with a stop loss of ₹4,565.

The stock is seen to be rising back to its uptrend with a controlled correction. It found support at the 50 EMA and is trading above the 20 EMA.

The current position of the EMAs is positive for the stock. This is a good sign. The RSI has come back to normal from the overbought position. The support level of ₹4,565 is a strong support for the stock. It can rise to ₹5,000 if it trades above this level.

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