Found to see a strange boom in the Indian market, Yes it was the bull market after the breakout, but the expectation was not that the market would be able to break that pattern. Below we have shared Daily and hourly charts, Where you can clearly see where the market boomed.
On both Thursday and Friday, you must have clearly seen that the market was closed in positive. The surprising thing is that in these two days, no red Chandel was made in the hourly candle chart. From here we know, how aggressive people are in the market nowadays.
We give 3 stocks every week, which is useful for our clients and students to learn and use it for their trading purpose. But today we will suggest such stocks which will give you a breakout in the coming time and give you a chance to make a lot of money. So let’s see which stock has the potential to make money in the coming time.
Bank of Baroda
Above you must be able to see the share price of Bank of Baroda. Who is trading in Pennant Pattern! If the share price gives an upward breakout here. The chances are to achieve a target of 88.90 and 95.90. But the price will have to break out on the upside at 85.30 here. If the price breaks upwards mentioned level then you can buy this stock. But don’t forget to maintain a strong stop loss here of 83.10.
Hero Motocorp
Here we are sharing a Hero motocorp share weekly price candle chart. Where you can find a “W” pattern, which indicates to buy the share at the share price above 3090. The target will be 3355,3620. Your stop loss will be 2940. But the important note here is to buy above the mentioned price.
Finally, we will talk about this one stock that has given a breakout. Yes, we can buy this stock now. You can see the stock chart image below. We have seen a break out in this chart after many weeks. Here we are suggesting to buy TCS at the current market price of 3463, maintain the stop loss of 3445. And your target will be 3650, 3760, and 4053.
Above we recommend 2 stocks to buy after the breakout. And one stock that has already given breakout. So kindly keep all this stock on your radar. I hope all these 3 stocks will help you to make a profit in the coming days. We recommended some stocks last week. You can see those shared performances. 3 Best stock to buy today. Click on the link.
Thank you,
regards,