{"id":11747,"date":"2022-08-16T10:28:26","date_gmt":"2022-08-16T04:58:26","guid":{"rendered":"https:\/\/blogs.univest.in\/?p=11747"},"modified":"2022-10-03T16:20:54","modified_gmt":"2022-10-03T10:50:54","slug":"weekly-stock-breakouts-12th-august-2022","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/weekly-stock-breakouts-12th-august-2022\/","title":{"rendered":"Weekly stock breakouts 12th August 2022"},"content":{"rendered":"

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

This week saw the Nifty 50 close 1.73% higher than the previous week.<\/p>\n

The Nifty has risen continuously for the last four weeks and covered more than 1600 points upwards indicating strength. 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.<\/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 stock breakout<\/a> with a potential to head higher in the next few weeks. Based on a propriety analytics, we have identified stocks that have given favorable stock breakouts on the week ending 12th<\/sup> August 2022.<\/p>\n\n\n\n\n\n\n\n
Sr No<\/strong><\/td>\nDate<\/strong><\/td>\nCompany<\/strong><\/td>\nCMP 12 Aug 2022<\/strong><\/td>\nTarget<\/strong><\/td>\nTime<\/strong><\/td>\n<\/tr>\n
1<\/td>\n12-Aug-22<\/td>\nBharat Forge<\/td>\n790.2<\/td>\n870<\/td>\n4-5 weeks<\/td>\n<\/tr>\n
2<\/td>\n12-Aug-22<\/td>\nHome First Finance<\/td>\n932.1<\/td>\n1010<\/td>\n4-5 weeks<\/td>\n<\/tr>\n
3<\/td>\n12-Aug-22<\/td>\nKSB Pumps<\/td>\n1712.3<\/td>\n1880<\/td>\n4-5 weeks<\/td>\n<\/tr>\n
4<\/td>\n12-Aug-22<\/td>\nTata Chemicals<\/td>\n1118.9<\/td>\n1300<\/td>\n4-5 weeks<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n