TOP BREAKOUT STOCKS FOR TRADING AND INVESTING / BUDGET STOCKS 2024

FINSTOCK

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Transcript

00:00Hello friends, welcome back to our channel FinStock, today we are with yet another video

00:15Today we are going to discuss about Nifty and BNifty Breakout Stocks

00:30Before that let's see current position of Nifty and BNifty

00:40Nifty is continuously in uptrend and last week it made a hanging man type candle

00:49which is a bearish candle if it comes after uptrend

00:53till the time it doesn't break high, we can expect downtrend in Nifty

01:04if it breaks high, Nifty can show upside movement

01:10it's importance is to be alert whenever it comes

01:16if it starts going down then bearishness can come

01:24this is analysis for Nifty and BNifty

01:29till the time it doesn't break high, we can't expect positive momentum in Nifty

01:49Friends, do like and share our videos

01:55if you haven't subscribed to our channel yet, please subscribe and press the bell icon

02:01so that you can get updates on our latest videos

02:05now let's discuss some stocks one by one

02:08in which we can see certain pattern and then we can take trading and investing decision

02:17the first stock is Sumitomo Chemical

02:22this is a chemical industry as you can see in the name

02:28and if you see here, it is coming near the high

02:37it is trading near 529-530

02:45and this level is 540

02:51as soon as it goes above 540, it will enter uncharted territory

02:56and its RSI is also above 60

03:01as soon as it goes above 530-540, we can make a position in it

03:08and if we project this channel above, the first target we get is 26%

03:17and as you know, we take maximum stop loss of 10% in any stock

03:23so by giving 10% stop loss, we can expect this level

03:29so this is Sumitomo Chemical

03:33the next stock is Alambic Pharma

03:46so this is the chart of Alambic Pharma

03:50if you see our videos, we have made a series of weekly market analysis

03:58and we have discussed that there are breakouts in pharma and IT sector

04:04and we can see positive momentum

04:07and many pharma stocks have given good returns

04:11and Alambic Pharma is also trading near its breakout

04:17so this is the all time high level of Alambic Pharma

04:24which is almost 1145

04:27when this stock will go above 1145, it will enter uncharted territory

04:31and if we come to find its target

04:33so we mark this level above

04:35so the target which comes is 1765

04:39which is a very good risk to reward

04:42which is almost 1 as to 6

04:45we will keep 10 to 12% stop loss

04:51and the target we will get is 1 as to 6

04:55which is a very good risk to reward

04:58so friends, you can also watch our old videos

05:02we will put the link above

05:04so you can click and watch the old videos

05:07so that you can know how the analysis is done

05:11then our next stock is P.I. Industries

05:22so you can see the weekly chart of P.I. Industries

05:27P.I. Industries is trading in a range of June 23 or May 23

05:33which is almost 1.25 years

05:38which is trading in a range of Rs. 4000 to Rs. 3450

05:46and today is its breakout day

05:49so if we take out its target

05:52so if we project this range above

05:56so let's see how much target we get

05:58from here we will get the first target

06:02which is 4440

06:05this is our first target

06:08and the second target is 4873

06:11and the stop loss we will keep is around 3780

06:16so the risk to reward we will get is almost like this

06:216 to 7% risk and the reward we get is 10%

06:26which is 1.64 or 1 as to 1.6

06:29and if we wait for the second target

06:31we can get the risk to reward of 1 as to 3

06:35and if you do some analysis on the market which is closed on 22nd

06:41so tomorrow our budget is going to be declared

06:44and this is the day before the budget

06:47so if you do some analysis on this

06:49so many fertilizer stocks and insecticide companies

06:53have shown a good movement

06:56so the big investors are seeing a positive momentum in the stock

07:03so this is the day before the budget

07:07so API industries is also a company which makes insecticide

07:11so this is the reason why it is getting a breakout

07:15and it has performed very well

07:17almost 4.5% is closed today

07:22so as per this you can see

07:25that before a budget if it comes in any stock or any particular sector

07:30so big investors already know about it

07:32so we can also analyze it and we can also find some opportunities

07:36and if you see with this

07:38so this is API industries RSI

07:40it just touched 60 which means it took support on 60

07:44and again RSI is showing a positive bullish movement

07:47which is a good thing

07:49so as per this you can also analyze it

07:53and friends let me give you a reminder

07:55as we say in every video

07:57whatever stock we are discussing here

08:00we are doing it for study purpose

08:02none of these stocks are recommended for you

08:05if you make a position in any stock

08:09so study it yourself or consult your broker or advisor

08:13consult before that

08:15make a position after that

08:17because if you make a position after listening to someone

08:20then you can face a huge loss

08:23so whatever stocks we are showing you here

08:26it is only for study purpose

08:28and you should treat them accordingly

08:31none of these recommendations are for anyone

08:33then our last stock which we will discuss now

08:37is Alambic Pharma

08:39sorry not Alambic, Infoedge

08:41we have already done Alambic

08:43Infoedge

08:48Infoedge

08:50this is also a good stock

08:53we will call it a curve

08:56it is making a rounding bottom pattern

08:59it is making a good rounding bottom

09:01and now it is coming near its breakout

09:04this level came on October 21

09:07almost after 3 to 3.5 years

09:11it is touching its upward level

09:15so we can expect a good target here

09:18according to that we have made it here

09:21if we project this level upward

09:23then the target comes out to be 10700

09:26if we see from here

09:28almost 50% target comes

09:31that is if we take a stop loss of 10%

09:33then we get a risk to reward of 1 as to 5

09:36so if we take a stop loss of 10%

09:43then our stop loss will come near 6350

09:48and the target comes out to be 10700

09:51so according to that we can make a buying position

09:56but let me tell you again

09:59that this is not a recommendation for anyone

10:01you should study it yourself

10:03or consult your financial advisor

10:05so that's all for now friends

10:06thank you

10:13you

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Transcript

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