Prebreakout
CDSL -Bull run 2.0 loading?CDSL has been in an amazing bull run since last 2 years because of the growing investment in Indian stock market.
Stock has formed a beautiful inverted head and shoulders pattern near ATH.
A breakout of the pattern will bring more bullishness in the stock.
I would rather prefer adding on dips than having a close SL in such stocks.
Emami-A pre breakout tradeLogic: Inverted head and shoulder formation in weekly chart
Weekly closing above 630 will be a confirmation of breakout
Levels mentioned on chart. FMCG sector has started to gain momentum.
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Bombay dyeing- Breakout might be coming soonBombay dyeing is looking strong to give a multiyear breakout.
If breakout is successful, we might see explosive moves in this stock.
Hence, prebreakout entry is always beneficial since we get better risk reward as well.
Medium probable setup and bad technicals of company are red flags which makes this idea more riskier.
Not a recommendation, just a personal opinion.
MapMyIndia-A multibagger stock for a swing tradeMapmyIndia is one of my favourite stock among small cap IT sector which has now done a breakout retest and is available at an amazing price.
If stock gives weekly closing above 1900, we will see ATH levels soon. However, I expect bigger targets from stock as given on chart.
A very good investment stock as well since the company provides API solutions as a cheaper alternative to google maps. Just a personal opinion shared for educational purposes.
Paras defence-IHNS pattern formationParas defence is a stock from defence manufacturing sector.
Stock has formed inverted head and shoulders pattern.
Risky traders can enter before breakout for better risk reward.
Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
Endurance-A good auto ancillary stock for long termCurrently, stock has given breakout from resistance and can be taken as a quick swing trade for 2300 target.
Stock has a strong trendline supply zone which is around 2300.
If this level breaks out, we can see huge rally in the stock and can be held for long term.
Stock has good fundamentals and only around 2% is public holding. Good bet in EV sector theme.
Saregama-A breakout to have in watchlist!Saregama has been consolidating in an ascending triangle flag pattern since past 3 years after giving multibagger returns from 2020.
Stock is getting ready for a breakout. If stock gives weekly closing above 360, stock can move quickly towards 500 and them to 750.
Nifty media has been underperforming and this stock can fly once Media sector starts its bull run.
Micron Technology Inc | C&H / Trend lineNASDAQ:MU (Micron Technology Inc)
Engages in the provision of innovative memory and storage solutions.
It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).
Oceaneering International Inc | Trend lineNYSE:OII (Oceaneering International Inc)
Engages in the provision of engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing, and entertainment industries.
It operates through the following business segments: Subsea Robotics, Manufactured Products, Offshore Projects Group (OPG), Integrity Management & Digital Solutions (IMDS), and Aerospace and Defense Technologies (ADTech).
AtriCure Inc | Triangle PatternNASDAQ:ATRC (AtriCure Inc)
Engages in the development, manufacture, and sale of surgical ablation of cardiac tissue, and systems for the exclusion of the left atrial appendage.
Its products include radio frequency (RF) ablation pacing and sensing, cryo, left atrial appendage management, soft tissue dissection, estech surgical instrumentation, and cart configuration.
Micron Technology Inc | C&H / Trend lineNASDAQ:MU (Micron Technology Inc)
Engages in the provision of innovative memory and storage solutions.
It operates through the following segments: Compute and Networking Business Unit (CNBU), Mobile Business Unit (MBU), Embedded Business Unit (EBU), and Storage Business Unit (SBU).
Lumentum Holdings Inc | Inverted Cup and Handle PatternNASDAQ:LITE (Lumentum Holdings Inc)
Engages in the provision of optical and photonic products.
It operates through the Optical Communications (OpComms) and Commercial Lasers segments.
Stop Loss Price :- 43.58
Stop Loss Trigger Price :- 43.49
CMP
Entry Trigger Price :- 42.34
Entry Price :- 42.26
HARTFORD FINANCIAL SERVICES GROUP INC | Cup & Handle PatternNYSE:HIG (The Hartford Financial Services Group Inc)
An insurance and financial services company.
It operates through the following segments: Commercial Lines, Personal Lines, Property & Casualty Other Operations, Group Benefits, Hartford Funds, and Corporate.
Entry Price :- 103.60
Entry Trigger Price :- 103.40
CMP
Stop Loss Trigger Price :- 102.38
Stop Loss Price :- 102.18
ARCUS BIOSCIENCES INC | H&S / Simple Horizontal LineNYSE:RCUS (Arcus Biosciences Inc)
Engages in the development and commercialization of immunotherapies.
It competes in the segments of the pharmaceutical, biotechnology and other related markets that develop immunotherapies for the treatment of cancer.
Stop Loss Price :- 15.36
Stop Loss Trigger Price :- 15.33
CMP
Entry Trigger Price :- 14.65
Entry Price :- 14.62
ITRON INC | Bullish Flag PatternNASDAQ:ITRI (Itron Inc)
Engages in the provision of solutions that measure, manage, and analyze energy and water use.
Operates through the following segments: Device Solutions, Networked Solutions, and Outcomes.
Entry Price :- 110
Entry Trigger Price :- 109.78
CMP
Stop Loss Trigger Price :- 108
Stop Loss Price :- 107.84
ESTEE LAUDER COMPANIES INC | Simple Horizontal Line SetupNYSE:EL (The Estée Lauder Companies Inc)
Engages in the manufacture of skin care, makeup, fragrance and hair care products.
It sells products under the following brand names: Estée Lauder, Clinique, Origins, MAC, Bobbi Brown, La Mer, Jo Malone London, Aveda and Too Faced.
Stop Loss Price :- 127.20
Stop Loss Trigger Price :- 126.95
CMP
Entry Trigger Price :- 124.40
Entry Price :- 124.15
DARLING INGREDIENTS INC | Trend LinesNYSE:DAR (Darling Ingredients Inc)
Engages in the development and production of natural ingredients from edible and inedible bio-nutrients.
It operates through the following segments: Feed Ingredients, Food Ingredients, and Fuel Ingredients.
Stop Loss Price :- 42.54
Stop Loss Trigger Price :- 42.45
CMP
Entry Trigger Price :- 41.18
Entry Price :- 41.10
PEN / PENUMBRA INC | Inverted Cup and Handle PatternNYSE:PEN (Penumbra Inc)
Engages in the design, development, manufacture, and marketing of innovative medical devices.
It offers neurovascular thrombectomy and embolization and access technologies, neurosurgical tools, Penumbra LANTERN Delivery Microcatheter, and Penumbra Occlusion Device (POD) system.
Stop Loss Price :- 204.78
Stop Loss Trigger Price :- 204.37
CMP
Entry Trigger Price :- 198.75
Entry Price :- 198.35