WEEKLY MARKET ANALYSIS FOR 22 JUL 2024 l BREAKOUT STOCKS FOR TRADING AND INVESTING

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Transcript

00:00Hello Friends, Welcome back to our channel FinStock

00:10Today we are with yet another episode of our weekly market analysis series

00:15So as you know, we analyze last week's indexes and make our next week's strategy

00:26So as you can see, last week on 19th July, IT, FMCG & PSC Bank outperformed

00:42IT 2.31%, FMCG 2.28% & PSC Bank 1.38%

00:50Underperforming are Nifty PSE, Metal Index & Media Index

00:56PSE stands for Public Sector Enterprises, 3.92%

01:03Metal is 4.65% & Media is 5.36%

01:15IT 2.31%, FMCG 2.28% & PSC Bank 1.38%

01:24If you watch our videos, then you know that last few weeks we have been saying that IT is outperforming

01:32So we can see IT stocks as an investment purpose

01:38And according to what you have seen, many IT stocks have given returns of more than 10%

01:47So if you watch our videos, then you will benefit from it and you can also analyze it

01:56So friends, we don't have any recommendation in the stocks we discuss here

02:04We just discuss it for study purpose

02:07So you also study the stocks discussed here and then make your decisions or consult your financial advisor

02:16So now we will analyze the stocks we see here

02:26So now we go to the chart

02:29So friends, before that, you watch our videos, like them, share them with your friends

02:34Also subscribe to the channel and press the bell notification so that you can get updates of new videos

02:41And you will be updated accordingly

02:43So this is the weekly chart of Nifty

02:48And as we have been saying since last few weeks that the Nifty Bank is trading in this channel

02:54Till the time it doesn't break out, we can't see the new bullish moment

02:59And you are also experiencing that since last 2-3 weeks, Nifty Bank is coming down

03:06So according to this, till the time this channel's upper end doesn't break, we can't see new performance in stocks

03:16So this was our analysis for Nifty Bank

03:20Now let's see our stocks

03:22So the first stock is MPSIS

03:30So this is the weekly chart of MPSIS

03:38And if you see, we have analyzed it last week as well

03:42And in this week, it has confirmed the break out

03:45And it has closed above the level of April 2022

03:51And the volume is also very good

03:53So in this, we can see our investment or trading

04:01And our target is 16-17%

04:08And our risk is almost 10-11%

04:15So the risk to reward is 1.6

04:19The next stock is TCS

04:28So if you see TCS, it has given a very good break out

04:33In March, it gave a break out above the level of 4236

04:43And then it came down

04:45And now after 3-4 months, it has closed above the level

04:49And the volume is also good

04:51So big players are accumulating this

04:54We can also make our position in this

04:57And if we make a position here

04:59So we will get the first target of 8%

05:04And we have to put our stop loss against it

05:07So we can put this candle below it

05:11Which is around 4% stop loss

05:13And those who are selecting for investment

05:19They can also try it for long term

05:23A very good break out has come in this

05:26So it can go up a lot

05:29So these were the stocks of IT

05:33Now the next stock was FNCG

05:35And the first stock in this is Colgate-Parmalieu

05:38Colgate-Parmalieu

05:43So this is Colgate-Parmalieu

05:45Here the weekly chart has opened in front of us

05:49You can see that it has shown a very good uptrend

05:54So if we buy it after the last week's candle has closed

06:05So we have to put our stop loss below this swing low

06:08Which will be around 10-12%

06:11And then we can keep it for new targets

06:15Which we can take 1-1, 1-2

06:20The volume is also very good

06:22You can see the volume above the average

06:24Then the next stock is Marico

06:27Marico

06:32If you see this too

06:35So it has given a very good break out

06:39It gave a break out after October 21

06:43And after going up, it is showing a little slowdown

06:48So we can buy it here too

06:51And if it comes around this level

06:54Which is 9-10% level

06:56So if it makes a green candle in the daily candle

07:01So we can buy it again after its high

07:05And then our target is 1-1 or 1-2

07:12This was for FNCG

07:15Now next is PSU Bank

07:18So the first stock in PSU Bank is Punjab & Sindh Bank

07:22Punjab & Sindh Bank

07:27This is the weekly chart of Punjab & Sindh Bank

07:32It gave a very good breakout

07:35After that, it has been trading in a range from almost January 24

07:41If you see in the last week

07:43So it has closed near the upper end of this range

07:46And the volume is also good

07:48RSI also tries to go above 60

07:50So as soon as this stock goes above this range

07:53Which is 65

07:54After going above 65

07:56We can make our position in it

07:58And then our first target will come

08:00This high will come around 77

08:04Which will give us a return of 17-18%

08:08And then we have to put a stop-loss below this

08:12Which comes to almost 13-14%

08:15Then our last stock is SBI

08:21State Bank of India

08:24So if you see this, it is trading near the resistance

08:28Until this high does not come

08:30This is the candle of June

08:32Around 4th June when our result came

08:36If this high comes

08:38Which is around 910

08:41After that we will make a new position in it

08:44And then we will execute our trade according to 1 as to 1 and 1 as to 2

08:50Our stop-loss will be 10% below

08:53And then we can take a target of 20%

08:55Or above that

08:57If we want to see for investment purposes, we can keep

09:01So friends

09:03You also study the stocks

09:05And find new stocks

09:08And if there is a breakout in many stocks

09:10Then you also analyze them

09:12So that's all for now friends

09:13Thank you

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Transcript

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