The-Breakout-Trader

The-Breakout-Trader

Rajgor castor is a tiny cap company with about 91 Crores market cap. PE around 9. Revenue growth and profit growth are good. Stock recently came up with its IPO and has been falling since some time. Now it looks like coming close to the falling trendline and if it breaks out of it, can give a good upmove.

The-Breakout-Trader Updated 

It might stabilize at this level, not crossing 600 for a 2-3 months and then attempt to cross the parallel channel resistance. Once it crosses the parallel channel resistance, it should spurt to 900 levels in a very short while.

The-Breakout-Trader Updated 

Indo-count has broken the trendline resistance and given breakout. Also, it came down to retest and took support on the trendline and bounced back. Since this is a multi year one, it looks like at least 3X from the trendline.. which would make it close to 1100-1200 levels. Just had a look at the fundamentals - decent promoter holding, no pledge, DER below 1,...

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Rashi Peripherals has finally given a strong breakout from the descending channel today. Market Cap - ₹ 2339 cr ; Won Project Order for NMDC Data Center worth ₹ 1510 cr I think. I am holding since 2 days. Great move and journey just started.

The-Breakout-Trader Updated 

On a slanted trendline, the stock is coming to test the resistance multiple times and finally has broken out and after retest, given a breakout again. Results are ok - declined but still not by a huge margin - this is the only reason why I am not very much convinced but the chart is super strong. Lets see how it pans out. Not a recommendation. I am NOT invested in...

The-Breakout-Trader

Today there are huge volumes and a very strong candle seen in IRFC. There is a cup with handle formation which looks strong. Beyond 200, the stock can give about 10-15% upside in quick time frame but IRFC is more than that. It is a long term story like IRCTC, RVNL etc.

The-Breakout-Trader

Watch the trendline resistance.. if it breaks that, there can be a good upmove.

The-Breakout-Trader Updated 

Chart looking strong. Will it sustain the resistance line and breakout the trend line of many years!!

The-Breakout-Trader Updated 

However, the retest is pending. Cup with handle at the bottom also seen. Breakout has been confirmed but retest is not done.. What do you think? Retest is due or stock has gone to a new trajectory? I feel retest may happen.

The-Breakout-Trader Updated 

I am not sure how many days this will take to travel to its parallel channel resistance, but given the way the stock is positioned, the downside looks limited as support is very close and it looks like stock will travel to its resistance at the least. What do you think?

The-Breakout-Trader Updated 

Will it break it this time? or will it touch the resistance AND fall back to its trendline support.

The-Breakout-Trader Updated 

Tata power is stabilizing, so is Adani power.. But does it look like Adani power will reach its target price earlier?

The-Breakout-Trader Updated 

Laffans Petrochem. Good base building done. Looks ready for breakout?

The-Breakout-Trader Updated 

Inverse head and shoulder pattern on daily charts, ready to breakout. Breakout already happened on Monthly charts and then retracement was happening since 1.5 years with flag formation.. Now flag breakout can happen. If we treat 140 level as the level of first monthly breakout, then since it is a multi year breakout, easily stock price could become 2x, 3x. 2x will...