A lot of Breakout stocks have happened in this week based on weekly timeframe. I am sharing few along with consolidation period.
- POCL (Pondy Oxides)
POCL has made a Breakout from 2 months of consolidation after rising 10% on Friday. It can make gains of almost 700 rs as the range low is 500 and Range high is 1250 Cmp 1257
- GMDC
GMDC has made both monthly,weekly and daily changes after a long consolidation period of 1 year and 9 months. It rose 12%, making all time high of 509. It can make gains of almost 250-300 rs as it made range low of 250 and Range high of 500.
Stocks in Breakout Zone
- Moschip
- SPELS
Two semiconductor stocks MOSCHIP and SPELS have made significant gains this week with both closing on Weekly Breakouts ,their Cmp are 247 and 227 respectively. Keep an eye on them for possible Breakouts.
Ipo Base Breakout
-Blustone
Recent Ipo listing has made a new all time high after several days gaining almost 6 % on Friday reaching cmp of 204. It is likely to make great gains as has been seen in the trend of Recent Gold/jewellery stocks like Senco Gold,Shanti Gold etc.But you need to be a little cautious also as it is only one week old and sometimes market rediscover teh price after making some initial gains.
Note-Do your own research and diversification while investing,these are chart analysis and not stock recommendations.All the analysis shares is for education purpose only.