There are lots of breakouts in smallcaps. and midcaps. Just note one thing
#ProTip - One needs to look deeply in #Delivery percentage in volumes in a #Price & #Volume Breakout in #smallcaps. Anything below 20% one should check out if it got covered in some #media. Check hist del %. Many #fake moves due to #pumping. Check on @mystockedge or #moneycontrol
Low delivery volumes of 15-25% is a signal to be careful. A lot of fake breakouts happen. Prefer not to write on who are the khiladis doing it.
Above all keep a stoploss, do not take concentrated bets, control leverage. Ride the momentum with simple thumb rules and discipline.
Do checkout the last video on Metal Sector – Time for a pause in some of the large names.
Quick Technical Charts
Tata Chemicals – Big price volume action. Further momentum if it can cross 320-325.
IFB INDS – Good price volumes breakout. Disclosure – Recommended in Technical Traders Club
Force Motors – Strong volumes and breakout. Disclosure - Recommended in Technical Traders Club
Deccan Cements – Fundamentally a cheap company. Waiting for a breakout above 310-320. 250-270 a good base.
Apex Frozen – On verge of a breakout above 275-280 - Disclosure - Recommended in Technical Traders Club
Do read the disclaimer on the website.Do your own research and risk management.
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