3 Breakout Stocks for Swing Trading this Week
Three fundamentally strong stocks have broken above key long-term resistance levels with rising volumes. Here's why Adani Energy Solutions, Himadri Speciality Chemical, and BHEL deserve a place on your watchlist this week.
Adani Energy Solutions, Himadri Speciality Chemical, and Bharat Heavy Electricals have emerged as key breakout stocks after crossing important long-term resistance levels. Backed by improving business fundamentals, expanding operations, and rising institutional participation, these stocks are attracting attention from investors looking for potential swing trading opportunities.
Identifying breakout stocks before they witness a sustained rally can improve the risk-reward equation for investors. This week, Adani Energy Solutions, Himadri Speciality Chemical, and Bharat Heavy Electricals have emerged with strong long-term technical breakouts backed by improving business fundamentals, making them worthy candidates for investors to keep on their watchlist.
Breakout Stocks for Swing Trading
Here are the breakout stocks for today.
1. Adani Energy Solutions (CMP: ₹1,722)
Note: The chart is as of 20th July 2026 and is shared only for educational purposes. It should not be considered an investment recommendation.
Adani Energy Solutions Technical View
Adani Energy Solutions has delivered a major long-term breakout after crossing the ₹1,260 resistance in April 2026, a level that had capped the stock from December 2023 to August 2024. The stock is now approaching its next key resistance near ₹1,600, which it has already moved above and continues to sustain.
On the monthly timeframe, the breakout is backed by a strong bullish candle and rising trading volumes, indicating robust buying interest. Sustaining above ₹1,600 strengthens the long-term trend and signals the potential for further upside.
Adani Energy Solutions Business Overview
Adani Energy Solutions (AESL), part of the Adani Group, is India's largest private power transmission company with operations across transmission, distribution, smart metering and cooling solutions.
The company operates nearly 27,950 ckm of transmission lines across 16 states while maintaining 99.7% system availability. Its growth pipeline includes 13 transmission projects worth around ₹71,779 crore and 24.6 million smart meters with revenue potential exceeding ₹29,500 crore.
AESL plans capex of nearly ₹45,000 crore during FY27-FY28 and targets expanding its transmission network to 30,000 ckm by 2030, providing strong long-term growth visibility.
Adani Energy Solutions Financial Performance
Adani Energy Solutions has reported strong long-term financial performance, with revenue and profit recording a 5-year CAGR of 23% and 13%, respectively. While trailing twelve-month profit declined marginally by 2%, revenue continued to grow by 16%, reflecting healthy business momentum.
The stock has delivered an impressive 98% return over the past year despite reporting a 9% Return on Equity (ROE).
Domestic Institutional Investors (DIIs) have also increased their holding from 10.24% in March 2026 to 11.77% in June 2026, indicating improving institutional confidence in the company's long-term growth prospects.
Adani Energy Solutions plans to expand its transmission network to approximately how many ckm by 2030?
2. Himadri Speciality Chemical (CMP: ₹741.55)
Note: The chart is as of 20th July 2026 and is shared only for educational purposes. It should not be considered an investment recommendation.
Himadri Speciality Chemical Technical View
Himadri Speciality Chemical has delivered a strong long-term breakout after crossing the ₹690 resistance level, which had remained intact since September–October 2024. On the monthly timeframe, the breakout is supported by rising trading volumes, indicating sustained buying interest.
The stock's Relative Strength (RS) against the BSE 500 has also remained positive, reflecting continued outperformance over the broader market. The combination of a decisive breakout, improving relative strength, and healthy volume participation suggests the stock could maintain its upward momentum in the coming months.
Himadri Speciality Chemical Business Overview
Himadri Speciality Chemical is India's leading manufacturer of coal tar pitch and the country's only producer of advanced carbon materials. The company has a diversified portfolio spanning carbon black, speciality chemicals, battery materials, tyre solutions, and EV applications.
It operates seven manufacturing facilities in India and exports to 61 countries, while expanding into high-value battery materials through strategic investments and acquisitions. Ongoing capex in LFP cathode materials, speciality carbon black, and anode materials, along with backward integration, is expected to strengthen its position in the fast-growing clean energy and electric mobility ecosystem.
READ MORE: Top 5 EV Stocks in India
Himadri Speciality Chemical Financial Performance
Himadri Speciality Chemical has delivered strong long-term financial performance, with revenue and profit recording a 5-year CAGR of 23% and 74%, respectively. Trailing twelve-month revenue and profit have also grown by 10% and 30%, reflecting healthy business momentum.
The stock has generated an impressive 44% return over the past year while maintaining a robust Return on Equity (ROE) of 18%. Institutional participation has continued to improve, with FIIs increasing their stake from 5.98% in March 2026 to 6.80% in June 2026.
3. Bharat Heavy Electricals (CMP: ₹422)
Note: The chart is as of 120th July 2026 and is shared only for educational purposes. It should not be considered an investment recommendation.
Bharat Heavy Electricals Technical View
Bharat Heavy Electricals has delivered a significant long-term breakout after crossing its first key resistance in April 2026, a level that had remained intact since July 2024 and earlier during October 2009 to December 2010.
The stock further strengthened its technical structure by breaching the major ₹390 resistance in May 2026, a level that had capped the stock since November 2007. The monthly breakout is supported by rising trading volumes, indicating sustained buying interest and strengthening the case for continued long-term outperformance.
Bharat Heavy Electricals Business Overview
BHEL is India's flagship engineering and manufacturing company, catering to the power, transmission, transportation, defence, renewable energy, and industrial sectors.
The company has installed equipment contributing to over 53% of India's conventional power generation capacity and maintains an order book of around ₹1.35 lakh crore, providing strong revenue visibility.
BHEL is also expanding into high-growth areas such as hydrogen electrolysers, coal gasification, defence, and energy storage while leveraging its extensive manufacturing base, in-house R&D capabilities, and presence across nearly 90 countries.
Bharat Heavy Electricals Financial Performance
BHEL has witnessed a strong improvement in financial performance, with revenue and profit recording a 5-year CAGR of 14% and 21%, respectively. Trailing twelve-month revenue increased by 27%, while profit surged 739%, reflecting a sharp operational turnaround.
The stock has delivered an impressive 68% return over the past year, although Return on Equity (ROE) remained relatively modest at 6%. Foreign Institutional Investors (FIIs) increased their stake from 7.23% to 9.52%.
Conclusion
All 3 breakout stocks for tomorrow have broken above key long-term resistance levels with strong volume support, indicating improving technical momentum. Supported by healthy business fundamentals, capacity expansion, and rising institutional participation, these stocks offer an interesting combination of technical strength and long-term growth potential. Investors should, however, monitor price action and manage risk appropriately.