3 Breakout Stocks for Swing Trading This Week (31st August 2026)
Coforge, Supreme Industries and PB Fintech are showing bullish technical setups, supported by breakouts, trendline reversals, rising volumes and improving momentum.
Coforge, Supreme Industries and PB Fintech are showing strong technical setups after breaking key resistance levels or reversing from important trendlines. Rising volumes, bullish price action and improving relative strength indicate growing buying interest. Their business performance and key technical levels make these stocks worth tracking for near-term swing trading opportunities.
Three stocks are showing strong technical setups after moving above key resistance levels or showing bullish reversals near major trendlines. Coforge, Supreme Industries and PB Fintech have seen buying interest along with higher volumes.
Here’s a look at the technical setup of these breakout stocks for tomorrow, along with their business performance and key levels to watch.
Breakout Stocks for Tomorrow
Here are some breakout stocks for today that traders can study.
1. Coforge (CMP: ₹2,015)
Note: The chart is as of 28th August 2026 and is shared only for educational purposes. It should not be considered an investment recommendation.
Technical View
Coforge has given a strong breakout on the weekly timeframe by crossing the ₹2,000 resistance level, which had acted as a hurdle on three occasions in December 2024, July 2025 and December 2025. The stock has breached this key level with a strong bullish candle, indicating strong buying interest and improving momentum. Volumes have also increased, supporting the breakout and strengthening the technical setup.
Business Overview
Coforge is an IT services company providing end-to-end software solutions and services and is among the top-20 Indian software exporters. Its offerings include product engineering, digital solutions, data analytics, artificial intelligence and machine learning, cloud, business process re-engineering, digital process automation and Low Code/No Code platforms.
The company operates across 25 countries with 33 delivery centers and serves clients across sectors including BFS, insurance, travel, transport and logistics, healthcare and HiTech, and overseas government. Its strategic partnerships include Microsoft, AWS, Google, Pegasystems, Appian, Salesforce, ServiceNow and Duck Creek.
Financial Performance
Coforge has delivered strong growth, with sales compounding at 20% over 10 years, 29% over five years and 27% over three years. Profit has compounded at 20% over 10 years, 29% over five years and 33% over three years.
The company maintains a 5-year average ROE of 22% and generated an ROE of 21% in the latest year. The stock has generated a 14% CAGR over five years and a 17% return over the past year. FII and DII holdings stood at 24.31% and 42.62%, respectively, as of June 2026.
Which resistance level did Coforge cross to give its strong weekly breakout?
2. Supreme Industries (CMP: ₹3,637)
Note: The chart is as of 28th August 2026 and is shared only for educational purposes. It should not be considered an investment recommendation.
Technical View
Supreme Industries is showing a bullish reversal on the weekly timeframe from a falling trendline that has been in place since the stock made a high of ₹6,460 in June 2024. The stock has shown a strong bullish reversal near this trendline, while volumes have also increased, indicating rising buying interest. A sustained move from the current reversal could therefore strengthen the near-term technical setup.
Business Overview
Supreme Industries is India’s leading plastics product manufacturer, offering a wide range of products across plastic piping systems, cross laminated films, protective packaging, industrial moulded components, moulded furniture, storage and material handling products, performance packaging films and composite LPG cylinders.
Plastic piping products are the company's largest business segment, contributing 67% of revenue in 9M FY25. Packing products contributed 16%, industrial products 13% and consumer products and other categories 4% during the period.
Financial Performance
Supreme Industries has delivered sales growth of 14% CAGR over 10 years and 12% over five years, while sales have compounded at 7% over three years. Profit has compounded at 15% over 10 years, while five-year profit growth stood at -1%. Three-year and TTM profit growth stood at 3% and 16%, respectively.
The company maintains a 5-year average ROE of 20% and generated an ROE of 16% in the latest year. The stock has generated an 11% CAGR over five years but has declined 19% over the past year. FII and DII holdings stood at 17.08% and 18.98%, respectively, as of June 2026.
READ MORE: Is AI Trading Legal in India?
3. PB Fintech (CMP: ₹1,812)
Note: The chart is as of 28th August 2026 and is shared only for educational purposes. It should not be considered an investment recommendation.
Technical View
PB Fintech has given a breakout from a symmetrical triangle formation on the weekly timeframe. The pattern has been developing after the stock faced resistance around the ₹2,246 level in December 2024. The stock has now formed a strong green candle with rising volumes, indicating increasing buying interest and improving momentum.
The combination of the pattern breakout, higher volumes and positive Relative Strength could therefore support further strength in the near term.
Business Overview
PB Fintech, popularly known as PolicyBazaar, is India’s largest online platform for insurance and lending products through its flagship brands Policybazaar and Paisabazaar. Policybazaar is a digital insurance marketplace with a 93% market share, offering health, term, motor and travel insurance products.
As of Q2 FY25, the platform had 86.9 million registered users, 18.3 million active users and had sold more than 46.8 million insurance policies.
Paisabazaar is a comparison platform for credit products, serving more than 47 million consumers across over 820 cities and towns. The company also operates PB Partners, a platform supporting more than 2,50,000 insurance partners through technology.
Financial Performance
PB Fintech has delivered strong growth, with sales compounding at 54% over 10 years, 50% over five years and 38% over three years. Profit has compounded at 22% over 10 years, 42% over five years and 50% over three years.
The company generated an ROE of 10% in the latest year, compared with 6% over three years and -1% over five years. The stock has generated a 33% CAGR over three years and a 2% return over the past year. FII and DII holdings stood at 37.29% and 40.42%, respectively, as of June 2026.
Which chart pattern did PB Fintech break out from on the weekly timeframe?
Conclusion
These three stocks have shown improving technical setups, with Coforge breaking above a major resistance level, Supreme Industries showing a bullish reversal from a long-term falling trendline, and PB Fintech breaking out from a symmetrical triangle formation.
Coforge benefits from its growing IT services business and the proposed Encora acquisition, Supreme Industries has a diversified plastics product portfolio with continued capacity expansion, while PB Fintech offers exposure to India's digital insurance and lending platforms along with strong historical growth.
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