Uncovering The Top Two Breakout Stocks

SPORT DAILY

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Transcript

00:00Hello Friends, Welcome back to our channel FinStock

00:10Today we will discuss about some breakout stocks and we will discuss about their scenario and will do our next planning

00:24Bank Nifty Monthly chart is open

00:29As we discussed last week, it is following a channel

00:35Last week it came down with resistance and now it is trying to break it

00:45As we can see, Bank Nifty is bullish

00:53If it goes up, it will become a new zone for it

01:03This was just an analysis

01:05The first stock we will discuss is IZMO

01:14IZMO Limited

01:17This is an IT company

01:23The reason behind our discussion is

01:27Let's see the monthly chart

01:32It is trying to break the 2007 level

01:39This is a good breakout

01:44The breakout level is 397

01:49As you know, if we project the down level, the target comes out to be 99%

02:03If we do a 10% stop loss, we get a good risk to reward of 1 as to 9

02:15When the level breaks, we can make a small position

02:25If it goes up, it is ok

02:29If it comes down and after spending some time near the level, it breaks out

02:37Then we can build a new position

02:42We have to do a 10% stop loss

02:46As it is a long breakout, the people stuck here will try to come out

02:54If it comes down, we have to go after 10% stop loss

03:01When it breaks out again, we can make a new entry

03:06This is a small cap company

03:09Stop loss is very important

03:12If it comes, we have to take a stop loss

03:15Otherwise, you can get stuck again

03:18As you can see, the low was of Rs. 9

03:21The low is around Rs. 8-9

03:24The stock of Rs. 400 can come down to Rs. 9

03:29Because it is a small cap company

03:31It has gone from Rs. 9 to Rs. 400

03:34This risk is very high in such a stock

03:37Stop loss is the best protection that we can have

03:41Whenever a stop loss comes, we have to take a stop loss

03:46If there is a chance, we can make a new entry

03:50But we have to take a stop loss

03:53In small cap or mid cap companies

03:55The next stock is Glenmark Pharma

04:02This is a well-known pharmaceutical company

04:07We are considering it for the same reason

04:10As you can see, there is a monthly breakout

04:14It is coming almost after 2015

04:17As you can see, it is a 9-year breakout from 2015

04:24The longer the breakouts, the better

04:28It is trying to go above the lifetime high level

04:33It can go up very well

04:38If we apply the same logic

04:41If we mark the depth again

04:44Our target comes around 2-8

04:48Which is 81%

04:50If we can keep a 10% stop loss

04:53We will get a 1-8 risk-to-reward

04:55Which is a very good risk-to-reward

04:58We all know that Glenmark is a well-known pharma company

05:03We can keep it as an investment purpose

05:06We have to apply a 10% stop loss

05:10But if it comes down a little

05:12We should not have any problem

05:16But still, stop loss is very important for our capital protection

05:23If there is a stop loss in stocks

05:25Then we should buy

05:27And if we get a chance to re-entry

05:29Then we can re-entry

05:32These two stocks look very good

05:35That's why we discussed

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05:54That's all for now, friends

05:56Thank you

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