Breakout Stocks for Trading And Investing

Name: Breakout Stocks for Trading And Investing
Uploaded: 2024-06-27T19:50:27+00:00
Duration: 7 min 51 s
Channel: SPORT DAILY

SPORT DAILY

3 months ago

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00:00Hello friends, welcome back to our channel SpinStock, so today we will discuss some break out stock, so our first break out stock is Imami, if you can see this is monthly chart of Imami

00:22and you can see after april 2009, it showed good rally, then it took resistance which was around 686, then it tried again in 2017, then it came down with resistance

00:41and now in this month which is June, it is trying again to break its all time high, now it is end of June, so we can say it is monthly break out

00:58so if you can see the volume of this break out stock is also good, so according to this we have got a good stock for a long term, because we are looking at monthly candle, so as you know we look at monthly candle for 6 months to 1 year or above

01:18so if we take out its target, then we will get this target almost, if we see here, then we will project it up, so the target which comes out is 1181, so we will get almost 72% return

01:42so if we do not stop at 1181, if we book our profit in 1150 or 1175, then we can get 72% return from here, so as soon as this stock is trading above this, then we can make a position in this and we have to keep 10% stop loss in this

02:05so if our buying position goes down by 10%, then we will get out of this and when it will try again, then we will keep it in our watch list and try or buy it, so we get a very good risk to reward here, we can get a risk to reward of 1s to 7, which is a very good risk to reward

02:25and those who want to trade in this, they can trade in 1s to 2, 1s to 3 also, so this was our first stock imami, this is a stock of FMCG sector, then our second stock is gulf oil lubricants

02:49so as you can see, this is a monthly chart of gulf oil lubricants, and if you see this chart, then it has given a break out after 2017, and it has given a break out after 4 months of consolidation, which means that all the sellers and buyers who were stuck here, they all left from here, and now there is a phase buying in this, and that too with volume

03:14so in this also, we can make a new position around the current rate of 1154, and our stop loss will be 10% down, and if we see our target, then it will be the same, we will project this depth above, and if we see this, then our target comes from here, if we see from here, then we get a target of around 1770

03:39which is almost 60%, so if we see the risk to reward, then we see a very good risk to reward in this also, which if we keep a risk of 10% in this, then our risk comes around 1023, we will keep a stop loss here, and if we see our target, then we can get a very good risk to reward here, which we can see a risk to reward of 1s to 5

04:10this is gulp oil, this is a lubricant company, and if we say 2017, then it is giving us a break out after 7 to 8 years, and the volume is also very good, so we can say this is a very good break out

04:26so this was our analysis for gulp oil, and our last stock which we will discuss is purvankara, purvankara limited, so this is a very interesting stock,

04:53this stock was listed in september 2007, after that it put a high of almost around december 2007, and after that when it went down, then for many years, if we see from 2009 to 2023,

05:15this means it did consolidation in the same range for 13 to 14 years, which is almost from 50 to 150, and after that it gave a good break out, and now this stock is trading near the level of 2007, which is a very good thing

05:40so this is a very good lifetime break out, and people who are stuck in 2007, they will try to get out of it, so if it trades near it for some weeks, and if it gives a break out from here, then we can get a very good momentum in it

06:04and aggressive traders can still make positions in it, and we can keep a stop loss of 10% and go ahead, and the target that we will get in it will also be very good, if you see, so we have got this range, if we put it up,

06:24if we put this range, then we get almost 87 to 90% up move, so if you see, if we get this much up move in 10%, then 1 has to 9, which is a very good risk reward, if you lose 10 rupees, then you can earn 90 rupees, so this stock is very good in terms of risk reward

06:51so we have discussed these three stocks, but if you see in the third stock, the volume is getting a little less, so we don't have to make a position in it immediately, the aggressive trader should make a position in it, the safe should wait here, if it consolidates around it and then gives a break out, then we can make a new position in it

07:16and then we have to check the volume here, if the volume is good in it, then it is an indication that the big players are buying in it, so with this you can make a position in it, so friends you watch our videos, but like it, share it with your friends, subscribe to the channel and press the bell notification so that you can get updates of new videos immediately

07:42so have a good day my friends, thank you

Breakout Stocks for Trading And Investing

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