Angel One Lists Three Stocks for Major Breakouts on Charts

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Surge in Volumes and Technical Breakouts on Multiple Timeframes Suggest Strong Upside Potential in These Three Stocks

By S JHA

MUMBAI, July 21, 2025 — Brokerage Angel One has identified Mastek, UPL, and Borosil Renewables as stocks showing strong breakout potential, backed by technical indicators and significant volume surges. Each stock has posted bullish chart patterns, suggesting sustained investor interest and momentum-driven upside.

Mastek Ltd. Stock Surge: +7.02%; Breakout Zone: Daily and Weekly; and Volume Spike: 83-fold increase

Mastek, a mid-cap IT solutions provider, witnessed a sharp rally of over 7% on Monday, decisively breaking out of its consolidation range on both daily and weekly charts. The move was supported by a staggering 83x jump in trading volume, signaling strong institutional buying interest.

From a technical analysis perspective, Mastek has closed above key resistance at ₹2,800 — a level it had struggled to breach over the past two months. Momentum indicators such as the Relative Strength Index (RSI) have moved into the bullish territory above 70, while the Moving Average Convergence Divergence (MACD) has given a positive crossover.

Fundamentally, Mastek has recently reported better-than-expected Q1 FY26 numbers with a 12% YoY growth in net profit, driven by a strong order book and new client additions in the UK and Middle East markets. Its digital transformation business, especially in government and healthcare, continues to expand.

UPL Ltd.

Stock Surge: +3.82%; Breakout Zone: Multi-year; Highest Close Since: May 2023; and Open Interest: Up 5%

UPL, the agrochemical and crop protection major, posted a multi-year breakout on Monday with a 3.82% rally, closing at its highest level in more than 14 months. The breakout comes with a 5% increase in open interest in the derivatives segment, indicating strong long-side participation from traders and funds.

Technically, UPL has cleared the long-standing resistance zone around ₹715, breaking out from a cup-and-handle pattern on the weekly chart — a bullish continuation signal. The ADX (Average Directional Index) also indicates strengthening trend strength.

Recent investor interest is linked to UPL’s global restructuring announcement in June 2025, aimed at reducing debt and streamlining business operations. The company has spun off its seed and biosolutions businesses into a separate unit, a move expected to unlock shareholder value.

Borosil Renewables Ltd.

Stock Surge: +7.64%; Breakout Zone: Daily, Weekly, and Monthly; Volume: Above 20-day average

India’s only solar glass manufacturer, Borosil Renewables, jumped over 7.6%, breaking out simultaneously on daily, weekly, and monthly charts. The move was backed by volumes significantly exceeding the 20-day average, highlighting broad market participation.

Technically, the breakout confirms a multi-timeframe bullish structure, with the stock crossing above ₹680 — a key resistance zone. The 50-day and 200-day EMAs have also formed a bullish crossover, supporting the upward trend.

The stock has been on analysts’ radar following government announcements on expanding domestic solar panel production under the PLI (Production Linked Incentive) scheme. As Borosil holds a monopoly in solar glass production, it is likely to be a major beneficiary.

In Q1 FY26, the company reported a 15% increase in revenue, buoyed by rising domestic demand and improved margins due to capacity expansion at its Gujarat plant.

(Disclaimer: This article makes no recommendation for buy or sell of shares of any company)

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