Breakout Stocks: How to trade Muthoot Finance, Bajaj Finance & Kotak Mahindra Bank that hit fresh 52-week high?

Indian market closed in the green on Wednesday tracking positive global cues.

The BSE Sensex rose more than 100 points while the Nifty50 closed above 22,900 levels.

We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:

Analyst: Rajat Kulshrestha of My Mudra Fincorp Pvt Ltd

Muthoot Finance's stock price has broken a strong resistance trendline with a big bullish green candle. Earlier, the stock was rejected from this level five times.

The stock has delivered positive returns of 18% in the last six months and 82% in the last 12 months.

There is a high probability that the stock may see an upside move to 2,577 and 2,779 from this level, with a stop-loss for this trade at 2,061.

The stock is experiencing strong buying pressure and has even crossed the 50MA in the volume chart.

On the daily chart, the stock has broken its strong resistance zone of 8,578–8,702 and formed a W-pattern breakout. This level had previously been in tight consolidation since February 2025.

There is a high probability that the stock may see an upside move to 9,335 and 9,800, with a stop-loss for this trade at 8,181.

The stock has delivered positive returns of 14.53% in the last six months and 31.7% in the last 12 months.

The stock is experiencing strong buying pressure and has even crossed the 50MA in the volume chart.

Kotak Mahindra Bank's stock price has broken a strong resistance trendline with a big bullish green candle and has given a retest. Earlier, the stock was rejected from this level twice.

The stock has delivered positive returns of 8% in the last six months and 15% in the last year.

Today, the stock is experiencing strong selling pressure from its all-time high.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)