IPO BreakoutGood volume buildup in daily as well as weekly timeframe.
Highest volume buildup since is IPO in weekly timeframe.
Fundamentals are OK.
FII and DII stakes are up.
NOTE: I do my analysis, do yours before trade.
Ipobreakout
IPO base break and base on base formationThe stock has been trading in a range since the last few months between 330-390 after breaking the IPO base
Company has issued a QIP at 341rs/share for 500cr and has a pending order book of 1000+cr and a new order worth 457cr and 16cr
a range break of 330-390 on the upside can take the stock up to 880 levels
US Stock In Play: $ARIS$ARIS - pretty interesting to see a new IPO name that could trend for most of 2022, closing at ATH after a bad week for the general market
US Stock In Play: $ZETA$ZETA one of the few technology names that has an intact uptrend since the start of 2022.
above all KMAs while undergoing 4 weeks of consolidation within a bullish pennant pattern.
further price tightening will see all KMAs coiling into the pennant for an imminent breakout
US Stock In Play: $USER$USER new IPO name, sitting on VWAP from IPO after breakout (+27%) from its first quarterly ER this week.
this name has built higher lows since late january, rising 10/20MA momentum. key pivot for further strength is at $11.15
