Some of the strong breakouts which could give a good 10-50% move over the medium term. Lot of these stocks have tested the resistance quite a few times. In such cases the breakout moves can be large and the risk-reward very attractive.
Disclosure – Please do your own research. We have vested interests. Do read the disclaimer.
This is a personal favorite and recommended to clients for medium to long term.
- 4th attempt at the 150 mark.
- Good base made at 100-120 with multiple bottoms.
- Once crosses and sustains 165-170 could head up to 250-300.
At 4000 cr market cap with net debt now below 200 cr and looking at 1000-1200 cr ebidta for the current financial year looks very interesting for a re-rating. Net cash by end of the year with the Plate Coil division deal money and cash flow from operations. The concalls and investor presentation should help in researching - https://www.bseindia.com/xml-data/corpfiling/AttachHis/55a450c9-d5a0-4caf-96d3-433102504758.pdf
- 4 attempts at the 285-290 mark.
- Good base made with 4 bottoms and now higher bottoms and sustaining at 280s.
- A breakout move beyond 290 could take it to all time highs and beyond. Stoploss at 280 makes it an excellent risk-reward.
- The stock was on radar in this post
- Sustaining above the breakout and good volume action seen.
- Can see a move to 550-600 in medium term.
- Stoploss 370.
- Quite a few attempts at 1000-1050.
- Multiple bottoms around 700-750.
- Can it head up to 1300.
- A privatization candidate.
- A breakout and a retest done and now knocking at all time highs. ( not considering the big candle in between)
- Could this be a start of a steady move to 350-400.
Had this free flowing conversation with Vivek Bajaj - Founder StockEdge and Elearnmarkets.com After a long time a public chat in Hindi. Would love your comments and feedback
Youtube Video Link - https://www.youtube.com/watch?v=LvTSUsW4Roc&t=888s
Technical Analysis Training Mumbai ( tentative) – 30th November 1st December 2019.
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