{"id":11660,"date":"2022-08-07T22:01:47","date_gmt":"2022-08-07T16:31:47","guid":{"rendered":"https:\/\/blogs.univest.in\/?p=11660"},"modified":"2022-10-03T16:22:39","modified_gmt":"2022-10-03T10:52:39","slug":"weekly-stock-breakouts-05th-august-2022","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/weekly-stock-breakouts-05th-august-2022\/","title":{"rendered":"Weekly Stock Breakouts 05th August 2022"},"content":{"rendered":"

Technical<\/a> charts give a sense of what is the likely future direction of any stock breakouts. The charts are assumed to capture the news and events and factor these in the price. One of the most common ways of identifying breakout stocks with potential upside is interpreting charts and identifying the trends and price movements. Growing volumes with price stock breakouts indicate greater investor interest and signs of further upward movement in the short to midterm.<\/span><\/p>\n

This week saw the Nifty 50 close 1.9% higher than the previous week. The charts indicate that Nifty 50 has possibly touched its lowest point in FY23 at 15200 levels in June and headed higher to close above levels of 18100 by the end of FY23.<\/span><\/p>\n

Many stocks have resumed their upward journey along with the Nifty 50 and have risen by a more than 10% this week. Some of these stocks gave a price volume breakout with a potential to head higher in the next few weeks. Based on a propriety analytics, we have identified stocks that have given favorable breakouts on the week ending 05<\/span>th<\/span> August 2022.<\/span><\/p>\n

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Sr No<\/b><\/td>\nDate<\/b><\/td>\nCompany<\/b><\/td>\nCMP 05 Aug 2022<\/b><\/td>\nTarget<\/b><\/td>\nTime<\/b><\/td>\n<\/tr>\n
1<\/span><\/td>\n05-Aug-22<\/span><\/td>\nElgi Equipments<\/span><\/td>\n426.5<\/span><\/td>\n490<\/span><\/td>\n4-5 weeks<\/span><\/td>\n<\/tr>\n
2<\/span><\/td>\n05-Aug-22<\/span><\/td>\nFineotex Chemicals<\/span><\/td>\n244.7<\/span><\/td>\n275<\/span><\/td>\n4-5 weeks<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\n05-Aug-22<\/span><\/td>\nKEI Industries<\/span><\/td>\n1400<\/span><\/td>\n1610<\/span><\/td>\n4-5 weeks<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\n05-Aug-22<\/span><\/td>\nLemon Tree Hotels<\/span><\/td>\n72.8<\/span><\/td>\n80<\/span><\/td>\n4-5 weeks<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\n05-Aug-22<\/span><\/td>\nSolar Industries<\/span><\/td>\n3142<\/span><\/td>\n3520<\/span><\/td>\n4-5 weeks<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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