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.
DOLLAR giving a BO on daily timeframe, Just look at the volumes these last 10 days, clear indication of something going on here. Market conditions not the best for me to enter here but a good candidate to keep in watchlist to buy at the BO support level if interested. Other names in this same theme which are interesting are PAGEIND. RUPA and LUXIND are not so good...
95 week long base BO, Good volumes, clear sings of accumulation the past few weeks. Might be a good entry point.
STAR BO on weekly timeframe with a large base, This BO if sustained should become a new support. Pharma as a theme is doing decent so definitely should be kept in the watchlist.
CHAMBLFERT 10W or 50 DMA moved ahead of 40W or 200DMA. Volumes are showing this as a positive sign for now, One can wait for the scrip to break levels of 320-330 to consider this ahead. In Watchlist for now.
SUPRIYA life sciences giving BO on daily timeframe, huge volumes these last couple of days showing buyer interest. Life Sciences as a sector has seen some inflows, I remember seeing ZYDUS in the tracker as well a couple of days back and has been in watchlist too. Keep SUPRIYA in list for a pull back around BO level or to catch when a small base is formed which...
AARTIIND breaking out of a large daily base with good volumes, came up in the monthly momentum screener, Volumes are just flowing for now. Won't be surprised if this pivot level it broke out of becomes the support for upcoming months.
LAURUSLABS gave a weekly BO last week, and has followed up with strength this week. Good volumes and price is moving now.. Keep in the list for this week
IRCON BO today, last few days, it has filled a gap down with volumes -> Positive sign Breaking out of a decent base for 2nd time, 1st time BO can be said was kind of a shakeout, so now hands have changed and this BO may be more healthy as its a new attempt. Keep in list for the week.