Nifty on a High! Stocks that Are on the Verge of Break­out

The Economic Times - - Companies: Pursuit Of Profit -

timesin­ter­ ETMar­ The 100-point ral­lyinthep­re­vi­oustrad­ingses­sion pushed the Nifty50 in­dex above its 200-DMA and pushed many stocks high­erand­closer­toabreak­out.The tech­ni­cal spike is here to stay. ETMar­ col­lated a list of stocks which are on the verge of break­out: ₹ ₹ The stock is the fastest mover amongst the private sec­tor banks with higher rel­a­tive strength.

₹ ₹ On the verge of a break­out af­ter mak­ing the triple top. When the stock comes back for the fourth time, the break­out is for real and very pow­er­ful. gave a break­out of the 7-month con­sol­i­da­tion sig­nalling a fresh pos­i­tive up move.

₹ Re­cently, the stock gave a strong pull­back­fromits­bas­esup­port­level.

₹ The­stock­ison­thev­er­geof the­break­out of its long-term con­sol­i­da­tion.

₹ The stock is on the verge of a break­out of the ‘tri­an­gle’ pat­tern and the channel re­sis­tance trend line.

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