Technical Breakout Stocks

Technical Breakout Stocks: Home First Finance, Muthoot Finance and Krishna Institute hit fresh record highs; time to buy? – Market Summary

by
Technical Breakout Stocks: Home First Finance, Muthoot Finance and Krishna Institute hit fresh record highs; time to buy? – Market Summary

Muthoot Finance Ltd has reached all-time high levels, marking a significant achievement with one of the highest closings recorded over the past 52 weeks. The bulls have demonstrated their dominance by overcoming selling pressure, resulting in a strong, positive candlestick. This strong price action ended with the formation of a green-bodied candle, driven by increased … Read more

Technical Breakout Stocks: How to trade Firstsource Solutions, Glenmark Pharma and Info Edge on Monday? – Market Summary

by
Technical Breakout Stocks: How to trade Firstsource Solutions, Glenmark Pharma and Info Edge on Monday? – Market Summary

On July 22, 2024, Info Edge experienced a significant breakout above its resistance level and has since maintained trading above this crucial mark. Over the following weeks, the stock has shown a strong pattern of buying interest, with investors stepping in at lower price points, suggesting consistent support. The Relative Strength Index (RSI) is currently … Read more

Technical Breakout Stocks! How to trade RCF, FACT and Chambal Fertilisers on Thursday – Market Summary

by
Technical Breakout Stocks! How to trade RCF, FACT and Chambal Fertilisers on Thursday – Market Summary

Chambal stock is approaching the breakout zone of a rounding pattern on a weekly time frame. Two major tops 485 and 516 will act as a resistance, but looking at technical indicators like RSI, Stochastic and MACD along with increasing volumes suggests a high probability of breakout. Expected targets on break out would be 650 … Read more

Technical Breakout Stocks: How to trade UNO Minda, KNR Constructions and Amara Raja Batteries on Friday

by
Technical Breakout Stocks: How to trade UNO Minda, KNR Constructions and Amara Raja Batteries on Friday

The Indian market closed in the green for the second day in a row on Thursday tracking positive cues. The S&P BSE Sensex rose nearly 700 points while the Nifty50 rose more than 200 points. Sectorally, buying was seen in capital goods, public sector, and realty stocks. Stocks that were in focus include names like … Read more

Technical Breakout Stocks: How to trade Tata Technologies, Blue Star and Suzlon on Wednesday

by
Technical Breakout Stocks: How to trade Tata Technologies, Blue Star and Suzlon on Wednesday

The Indian market witnessed the biggest single day fall in over 4 years on Tuesday as the actual election results significantly deviated from the exit polls as well as expectations of market participants. The S&P BSE Sensex plunged over 4000 points while the Nifty50 closed below 22,000 to record its biggest single-session fall in over … Read more

Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday

by
Technical Breakout Stocks: How to trade Garden Reach Shipbuilders, Cochin Shipyard and RVNL on Friday

The Indian market hit a fresh record high on Thursday amid short covering following RBI’s record dividend payout to the government that could lead to better fiscal position and softer bond yields. The S&P BSE Sensex rose nearly 1,200 points to hit a record high of 75,499 while the Nifty50 closed at 22,967. “There was … Read more

Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday

by
Technical Breakout Stocks: How to trade Thermax, Siemens and Adani Power on Thursday

The Indian market snapped a 3-day winning streak to close in the red on Wednesday, tracking muted global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 managed to hold on to 22,200 levels towards the close of the trade. Sectorally, buying was seen in the public sector, power, and capital … Read more

Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs. Here’s how to trade on Monday

by
Technical Breakout Stocks: Hind Zinc and Escorts hit fresh record highs. Here’s how to trade on Monday

The Indian market recouped losses to close in the black. The S&P BSE Sensex rose over 260 points, while the Nifty50 reclaimed 22,000. Sectorally, buying was seen in telecom, metal, oil & gas, power, and utilities, while selling was seen in banks, realty, and IT stocks. Stocks in focus include names like Hindustan Zinc, which … Read more

Technical Breakout Stocks: How to trade Havells India, Concor and ICICI Bank on Monday?

by
Technical Breakout Stocks: How to trade Havells India, Concor and ICICI Bank on Monday?

Indian market snapped 5-day winning streak on Friday to close in the red tracking muted global cues. The S&P BSE Sensex fell more than 600 points while the Nifty50 managed to hold on to 22,400 levels. Sectorally, buying was seen in healthcare, realty, public sector and consumer durable while selling was seen in capital goods, … Read more

Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday

by
Technical Breakout Stocks: How to trade SBI, Hitachi Energy and Aditya Birla Capital on Friday

The Indian market closed in the green for the fifth consecutive day on Thursday, tracking positive global cues. The S&P BSE Sensex rallied nearly 500 points, while the Nifty50 closed above 22,500 levels. Sectorally, buying was seen in auto, power, healthcare, metals, and public sector stocks, while selling was witnessed in realty and consumer durable … Read more