Bullish Breakout Stocks!
Indian market face hit last week, Both NIFTY and SENSEX down by 1.5% led by hawkish commentary by Jerome Powell on rate hike in coming times also it is the correction after massive upside till 18800.
But there are some good pockets of the market where opportunities are there to earn in this uncertain market.
Let’s discuss some of the bullish stocks to trade in the upcoming week.
1. Rajesh Exports Ltd
Technical View:
Sector- Jewellery
M-Cap- 23,705 Cr
CMP- 803
Rajesh Exports continuing the bullish momentum after breaking out of 600 level and last week it close above 800 at the high point of the week.
Stock given second base breakout after consolidating for 5 week getting ready to achieve the target of 990 and 1000 in near term.
One can bought this stock at current level and at every dip for major upside with the support of 700.
2. EPL Ltd.
Technical View:
Sector- Packaging
M-Cap- 7000 Cr
CMP- 191
The stock has given descending triangle breakout on weekly time frame with heavy buying volume also visible breakout in RSI. This indicate massive upside in this counter for the target of 215 and 250 with the stop of for medium to long-term perspective.
3. Gulshan Polyols Ltd
Technical View:
Sector- Chemicals
M-Cap- 1400 Cr
CMP- 272
The stock has massive fall from 400 level to 200 and now it looks like stock is making base around 200-225 level as we show big buying volume last week which indicate upside till 300 in near term and 360 in long-term.
If it is manage to close positive on Monday trading session there are likely chances of the stock to outperform market.
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Chart Image- https://in.tradingview.com/chart/j2ERjo4S/?symbol=NSE%3ABANKNIFTY
