5 - BREAKOUT STOCKS
TATA STEEL WEEKLY TIME FRAME
METAL SECTOR IS LOOKING PROMISING, IN WHICH TATASTEEL HAS GIVEN A STRONG CANDLE BREAKOUT OF DOWNWARD TRENDLINE WITH STRONG HIGHER LOWS FORM THE BOTTOMS SHOWING THE STRENGTH IN THE TREND , THE STOCK TAKING STRONG MOVE FROM MONTHLY TREND .
STOCK LOOKING STRONG ABOVE 116
STOCK LOOKING WEAK BELOW 110
STOCK CAN REACH
TGT 1 -122
TGT 2- 132
ORISSA MINERAKS WEEKLY CHART
STOCK WAS UNDER CONSOLIDATION FROM 23RD NOV 2020 AND IT HAS MANAGE TO GIVE YOU A GOOD ACCOMULATION VOLUME AND ABREAKOUT OF THE SAME CONSILDATION OF 137 WEEKLY BARS.
STOCK IS LOOKING GOOD ABOVE 4060
STOCK IS LOOKING WEAK BELOW 3575
STOCK CAN REACH
TGT 1 :- 5185
TGT 2 – 6200
XCHANGING SOLUTIONS DAILY CHART
THE STOCK WAS UNDER CONSLODATION AND FORMED A STRONG BASE , AT THE BASE FORMATION WE SHOULD SEE THAT THE STOCK HARDLY HAD ANY SELLING PRESSURE , THE VOLUMES HAD TOTALLY DRIED , FROM 21ST JUNE 23023 WE COULD SEE THE VOLUME HAD STARTED PICKING UP , AND TODAY THE STOCK HAS MANAGED TO GIVE A STRONG BREAKOUT WITH HIGHEST VOLUME .
STOCK LOOKS GOOD ABOVE 111
STOCK LOOKS WEAK BELOW 83
STOCK CAN REACH
TGT 1 :- 131
TGT2 :- 150
AKZO NOBEL INDIA WEEKLY CHART
THE STOCK HAD A STRONG RESISTANCE FROM FEB 2020 HAD IT TRIED TO GIVE COUPLE OF RETEST TO GIVE THE BREAKOUT , BUT IT FINALLY MANAGE TO GIVE THE STRONG BREAKOUT FROM ITS LONG TERM RESISTANCE AREA .
STOCK LOOKS GOOD ABOVE 2730
STOCK LOOKS WEAK BELOW 2520
CAN REACH :-
TGT 1 :- 3100
TGT 2 :- 3450
VADILAL INDUSTRIES DAILY CHART
THE STOCK HAD A RESISTANCE OF 3000 RS JAN 2023 WHICH TODAY IT WAS ABLE TO BREAK WITH A HIGH VOLUME WITH A STRONG CANDLE CLOSING .
STOCK LOOKING SATRONG ABOVE 3310
STOCK LOOKING WEAK BELOW 2700
CAN REACH
TGT 1 :- 3970
TGT 2 :- 4350
THANK YOU
Analyst - YOGESH BHAVSAR
info@smartinvestment.in
(Disclosures: At the time of writing this article, author, his clients & dependent family members may have positions in the stocks mentioned above. The author, his firm, his clients or any of his dependent family members may make purchases or sale of the securities mentioned in website. Author may have positions in above stocks so have vested interest obviously in their going up or down as the case may be.
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