🚨 Breakout Stock for Today — 31 Aug 2026

📈 Oil India — Trading View Why I like the setup Breakout zone: ₹500–₹505 A decisive move above this zone with strong volume can indicate continuation. Upside targets: ₹515 → ₹530 Extended target: ₹545 if momentum remains strong Support: ₹490–₹485 Stop-loss: Below ₹485 on closing basis 🔥 Important catalyst Oil India's FY26 performance was supported by higher crude production, record drilling activity and improved profitability. Q4 crude production rose to 0.891 MT vs 0.844 MT YoY, while FY26 profitability also improved substantially. There is also a fresh strategic development: OIL Green Energy, Oil India's green-energy subsidiary, has signed MoUs with four Haryana municipalities for compressed biogas and waste-to-energy projects. ⚠️ Today's strategy Because the broader market is weak—Nifty was around 24,011 in early trading—I'd avoid chasing OIL if it spikes suddenly. Best setup: ₹500 breakout + volume → Buy 🎯 ₹515 / ₹530 🛑 SL ₹485 For intraday: I would prefer waiting for a 15-minute candle close above ₹500 rather than buying merely on a ₹500 touch.