IBREALEST breaking out of a large weekly base with huge volumes as we can spot on weekly charts. Keep in the list for now and see if it gives a chance to enter at this new pivot support level. Generally large weekly base BO are strong as mentioned before as well.
GLS is retaining its strength post BO last week with good volumes. Its gearing up to breach its ATH levels now. Just see how the price takes support on 50 DMA since the 10W/40W cross. If Market breadth stays solid, this could be fun to ride. Keeping in watchlist for now to see if the price consolidates and gives an entry point. I also saw ZYDUS flashing from...
PEL on an upwards slope of RS score for the past 4 weeks (Considering 750 Stock universe of Nifty 500 and Nifty MicroCap 250). Although the RS score is just 30ish, but a positive technical cross of 21 EMA and 50 EMA can be observed with it being closer to a small base BO on daily timeframe. Tracking now to see if one can take position if this RS improving streak continues.
I somehow just zoomed out and checked the chart of ACCELYA solutions and I was amazed by it. Its slowly moving towards its all time high BO and this might move strong post that, keep a check on this as this scrip has been in the chatter on value research and on twitter as well a bit. Recent BOs have been with good volumes and seem to be sustaining. See if your...
This BO happened a couple of weeks back and i forgot to post about this. Volumes here are a big plus and i have seen some twitter handles talking about this as a decent play as well. Entered my radar recently. Much upside ahead, keep a check on this as this play has a lot of chatter and volume to go along with it.
RUPA BO with huge volumes above a pivot point. RUPA has come in daily screen for multiple times now and today the volumes have amazed beyond a point. Tracking this now to see if a position can be taken here on a pullback. Keep in the watchlist for now :)
NAZARA breaking out of weekly base, volumes are encouraging and next level where overhead supply might kick in with force could be around 1350. Keep an eye on market sentiment, it ideally should be in our favor while taking a position if one likes the setup. Keeping in watchlist for now. :)
Long base of 73 weeks, BO in the same week as World Markets fell hard. Might be interesting to see what it does ahead.
CONFIPET breaking out of a long weekly base with volumes, with 2 trading days left in the week, volumes should attract more attention. Last 4 quarters, Sales and EPS growth has been good. Number of funds holding this stock has also increased in past 2 quarters. All good signs, Keep an eye out for this.
BIOCON giving a large weekly base BO, one of the underperformers has started moving and volumes are good this time, Seeing the pharma space as the one to outperform others in upcoming months (hopefully), keep an eye out for this name as it shows a lot more it can move in the chart seeing previous levels.
HDFCBANK has to fill this earlier gap down to push out of the supply zone, until it does that this gap will act as resistance. Market conditions have improved, keep an eye out for this gap to be filled.
NYKAA getting good volumes and breaking out of a decent base. Good to keep an eye out for, this stock has corrected a lot since IPO and could try to reach a certain level. Do consider overhead supply on these kind of scrips, a lot of retailers are caught in this since IPO.
IEX Attempted a BO with good volumes this week, 10W/40W cross is still awaited, but seeing the chart it seems IEX might be a good candidate for reversal ahead. Keep an eye out for it in case there is a shakeout before volume is attracted for an upmove.
HIKAL BO today with higher than average volumes and price appreciation. Buyer demands seem to be there but Earnings doesn't feel consistent. Let's see how this scrip does in the remaining part of the week.
IT Index all the way, all stocks are showing strength, some have broken out of huge bases in weekly timeframe, some are about to. HCLTECH a big player, showing these kinds of volumes and price movement is just wow... Looks like something big is brewing in IT ahead..
FSL giving a BO on weekly timeframe, huge weekly base, One can see on the chart that this stock has mutiple entry points in future as well if the momentum keeps continuing. Past 2 weeks volume has been more than average and is a good sign in the current market. Its moving with the market direction. Keep an eye out for this.
SULA looking really strong with BO right now, huge volumes, Sector is also heated up with UBL, United Spirits looking good. Add to the list and keep checking if the overall Market corrects and gives a good entry point.
NATIONALUM gave BO last week but looks extended for now, might wait for this to setup for an entry, huge volumes have moved this too fast it feels. May be wrong here, market last couple of weeks has been crazy. Lets see how this one goes.