Breakout Alert: SEBI RA Krishna Pathak Identifies Key Levels In These Four Midcap Stocks

SEBI-registered analyst Krishna Pathak has highlighted short-term trading opportunities across trending mid-cap stocks, such as Aditya Birla Capital, Swiggy, Apollo Tyres, and Suzlon. He has flagged key technical levels to watch and potential breakouts for them. 

Let’s take a look at his recommendations: 

Aditya Birla Capital (AB Capital)

Pathak flagged a short-term investment opportunity in Aditya Birla Capital. The stock is trading in an uptrend range, finding strong resistance around ₹283.  Its nine-week EMA stands at ₹240. 

He sees an accumulation zone between ₹240 and ₹250, where past buying interest was visible, with potential upside targets at ₹333, ₹366, and ₹414.

A breakout above ₹283 could lead to targets of ₹366 –₹414, while a breakdown below ₹180 may trigger a deeper fall, he concluded.

AB Capital shares have gained 55% year-to-date (YTD).

Swiggy 

Swiggy was another recommendation from Pathak. The stock is trading in an uptrend range, finding strong resistance around ₹380. Its nine-week EMA stands at ₹380. 

He sees an accumulation zone between ₹340 and ₹350, where past buying interest was visible, with potential upside targets at ₹435, ₹480, and ₹540.

A breakout above ₹380 could lead to targets of ₹410 –₹480, while a breakdown below ₹290 may trigger a deeper fall.

Swiggy shares fell 30% year-to-date (YTD). 

Apollo Tyres

Pathak highlighted a swing trade opportunity in Apollo Tyres, which is trading in an uptrend range, finding strong resistance around ₹470.  Its nine-week EMA stands at ₹460. 

He sees an accumulation zone between ₹430 and ₹440, where past buying interest was visible, with potential upside targets at ₹522, ₹589, and ₹615.

A breakout above ₹470 could lead to targets of ₹515–₹589, while a breakdown below ₹390 may trigger a deeper fall.

Apollo Tyres shares fell 11% year-to-date (YTD). 

Suzlon

The stock is trading in a range, facing resistance near ₹67 and finding strong support around ₹53. Its nine-week EMA stands at ₹65. 

The round-bottom pattern is formed, and then a reversal from the resistance is observed. Currently, Suzlon is trading near the resistance level, attempting to break through it.

Pathak sees an accumulation zone between ₹60 and ₹61, where past buying interest was visible, with potential upside targets at ₹78, ₹89, and ₹93.

Suzlon shares have gained 7% year-to-date (YTD).

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