WEEKLY MARKET ANALYSIS FOR 05 AUG 2024 AND BREAKOUT STOCKS FOR TRADING AND INVESTING

FINSTOCK

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Transcript

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

00:14of our weekly market analysis series, so as you know, in this series, after the market

00:23closes, we analyze it, see which sector has performed well, and then from the outperforming

00:32sectors, we analyze the stocks and make our strategy for the next week, so today on 2

00:42August, when the market closed on Friday, we will see which sectors have performed well

00:50, so if we see today, then the energy sector, media and pharma have shown an outperforming

00:57sector, and the underperforming sectors were reality, IT and auto, so these sectors have

01:04shown an underperforming sector, so now from these sectors, energy which is 2.45%, nifty,

01:10media which is 1.25% and pharma sector which is 1.24% has shown an outperforming sector,

01:16so from these, we have analyzed some stocks, now we will go to the chart and check, and

01:22how opportunities are created in them, then we will see, so friends, you watch our videos,

01:28but you like it, share it with your friends, with that, subscribe to the channel and press

01:34the bell notification, so that you will get updates of new videos immediately, so now

01:40we will go to the chart and from these outperforming sectors, we will analyze some of their stocks,

01:48so let's go to chart, so as we can see, nifty's weekly chart has opened in front of us, in

01:58weekly, nifty has continuously made a pattern of higher high, and in this week, nifty has

02:05closed negative, it has closed minus 0.47%, so if this low which was there, which is 24.096,

02:13if this breaks, then nifty's pattern of higher high will break, and nifty can come in downtrend,

02:21so we have to take care of this level, if it comes below this, then we have to be careful,

02:27and our stocks, we have to trail our profit booking or our stock losses tightly,

02:34then if we see bank nifty, then we have also analyzed bank nifty, according to that,

02:41there is a channel in it, it is respecting this channel, and from its upper end, it has taken

02:48resistance and is coming down continuously, last we decided 3-4 weeks, as we are discussing,

02:53underperformance is seen in it, and now its RSI has come close to 60 on weekly basis,

03:02if it takes rest here and is ready to go up, then we can see new outperformance in nifty's

03:10stocks, in bank nifty's stocks, so we have to keep an eye on it, and if we see,

03:20in this week, in global markets also, it looks like fears, it has come down, Dow Jones,

03:29Nasdaq, indices have come down, so we have to cautiously look at our positions,

03:37and then we have to trail our stock losses, so let's go to chart, now we will analyze

03:47different sectors, so the first sector was energy sector, and from energy sector, the

03:52first stock is reliance, reliance industries, so reliance industries is the biggest stock

04:08in the market, and it has a good contribution in nifty, so if it comes down, then nifty

04:18will also come down, so as we have seen, from last 3 weeks, it has come down 7-8%, so nifty

04:29is also showing underperforming, so now we have analyzed it, it has come close to support

04:37zone, if in next week, when the market opens, if it breaks the level, reliance, then it

04:50will become weak, and after that, we can see the lower level, which is of 2840, and if

05:02above this level, if reliance ever closes, which is of 3060, then we can find new buying

05:11opportunities, then we will get the target, which is of 5%, and if it breaks the resistance

05:18and goes up, then we can see more opportunities in it, so we will keep it in our watch list,

05:27and if it breaks the lower level, if it goes below 2990, then we will not make a new position

05:35in it, then next stock is of energy sector, which is Adani Energy, Adani Energy Solutions

05:42Limited, so this is weekly chart of Adani Energy Solutions Limited, as you can see,

05:55this stock is very strong, but if you see, then after almost February 23, now Adani Energy

06:02Green Solution, Adani Energy Solution, is touching the level of 1260, or trying to go

06:09above it, and the volume is also very good in it, means if any big player accumulates

06:16it here, then we can make a new position in it, our first target will come, which is of

06:2354%, and the next target will come, we can get it here, which is of 116%, and we have

06:30to keep the stop-loss below this candle, which is a little big stop-loss, we have to keep

06:35a stop-loss of 17% in it, and if it breaks the resistance, then we will not make a new

06:42position in it, which is a little big stop-loss, we have to keep a stop-loss of 17% in it,

06:47so the stop-loss that comes out is 1046, where we can see 1050 round figure, and the target

06:54is, the first target is of 1954 and 2751, so this is quite, if we see, then the volume

07:07has not gone below this level, after almost February 23, means it has been 1.5 years that

07:14it does not go below this level, so we call it, the price has also been consolidated here,

07:21and it is also trading in a pattern, so when it goes above it, it can touch it with its

07:28new level, so this was the energy sector, now we see the media sector, and the first

07:35stop in it is tv18 broadcast, tv18 broadcast, so this is the stop of the media sector, if

07:42you see, then it is also quite up and down, and we have analyzed it for the support level

07:50of 43, and if you see here, then rsi is also taking support at 40, so if this stock, if

07:57you see this green line here, if it closes above it, it is around 47.4, if it closes

08:04above it, then it will give a stop of 43.5, and if it closes above it, then it will give

08:11a stop of 43.5, and if it closes above it, then it will give a stop of 43.5, and if it

08:18closes above it, then we have to make a new position in it, the volume has also started

08:23to build up, means this level has been bought very well around it, some big player has bought

08:28it, so if it goes above the green level, then chances are very high, because this level

08:35of 56, 57 can come up to here, which will be our first target of around 20%, and we have

08:44to keep the stop-loss below this level, which will be our stop-loss of around 10%, so we

08:51do not have to make an entry immediately, after going up a little, we can make an entry in

08:56it, and then according to that target, we can trail our stop-loss and target, then next

09:02out is nazara technologies, nazara technologies, so this chart in front of you will be nazara

09:15technologies weekly chart, as you can see, we had covered it a few weeks ago, which is

09:22near the breakout level, so now it has confirmed the breakout, the volume is also good in it,

09:27so we can buy it around the current position of 981, and we can see this target, first

09:3432% and second 65.8, that is 66%, our stop-loss will come down to almost 12%, so according

09:42to this, we can make our position in it, after 980, we will buy it, the target will be 1246

09:50or 1250 or 1565, and our stop-loss will come below this level, which means we can keep a

09:57stop-loss around 830, so this was nazara technologies, which was the stock of the media sector, now

10:04we see our third sector, which was pharma, in that first gland pharma limited, so gland

10:11pharma is a very well-known company, has made very good products in the pharmaceutical

10:19sector, so its weekly chart has opened in front of you, if you see, then almost this

10:26level is around 2200, this level came in october 22, so after that now this stock is going

10:36around this level, so when it will go above this level, then we can make our new position

10:44and our first target will come here of 14% and second target will come around 51% and

10:51our stop-loss will come below this swing low, which means we have to take 12% stop-loss

11:02, so our level comes around 2200, the stop-loss will come around 1900, which will come around

11:1712%, the target will come around 2530 and round figure we take around 3310, so friends

11:28whatever stocks we are discussing here, we are not giving any kind of buying or selling

11:35recommendation to anyone, we are doing all this for study purpose and if you want to

11:40make any position in this, then consult your financial advisor and only then make a position,

11:46making a position blindly can cause you a lot of loss and it can be very harmful for your

11:52life, so you should study it yourself or consult your financial advisor first and then make

11:57an investment, then next is biocon, which is the second stock of pharma sector, so this

12:08is the weekly chart of biocon, which will open in front of you, in this also we have

12:13done analysis in this way, so this is a breakout level, which came almost in april 22, from

12:19here the stock came down quite well and now it is near the breakout level, so until it

12:25does not come above this level, above 377, until then we will not make a position in it

12:30and when it comes out, when it will close on a weekly basis, after that we will enter

12:35it, then the first target will come of 8%, which will come 411 and the second target

12:40will come of 23%, which will come 466 and the stop-loss that we have to keep, whatever

12:45candle will be there, whoever will close above it, we will have to keep our stop-loss below

12:50it, but until it does not break the level, we will not make an entry in it, because maybe

12:55it can come down again from here, so friends, you also do stock analysis from different sectors

13:02in this way and write in our comment box so that we can also see them and do analysis

13:11and we can discuss with our other friends, so that's it for now friends, thank you

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Transcript

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