{"id":11829,"date":"2022-08-22T10:56:13","date_gmt":"2022-08-22T05:26:13","guid":{"rendered":"https:\/\/blogs.univest.in\/?p=11829"},"modified":"2022-10-03T16:17:10","modified_gmt":"2022-10-03T10:47:10","slug":"weekly-stock-breakouts-19th-august-2022","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/weekly-stock-breakouts-19th-august-2022\/","title":{"rendered":"Weekly stock breakouts 19th August 2022"},"content":{"rendered":"

Technical charts give a sense of what is the likely future direction of any stock. One of the most common ways of identifying stocks with potential upside is interpreting charts and identifying the trends and price movements. The charts are assumed to capture the news and events and factor these in the price. Growing volumes with 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 0.34% higher than the previous week. The Nifty has risen continuously for the last five weeks and covered more than 1600 points upwards indicating strength. However, it may correct during the next two or three weeks after the run up in last two months. This well eventually help as periodic corrections are considered healthy for the markets.<\/p>\n

Many stocks have resumed their upward journey along with the Nifty 50 and have risen by a more than 10% this week. This week we list only 3 stocks with price volume breakout having potential to head higher in the next few weeks. Based on a propriety analytics, we have identified stocks that have given favourable stock breakouts<\/a> on the week ending 19th<\/sup> August 2022.<\/p>\n

 <\/p>\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>\n19-Aug-22<\/td>\nAdani Ports<\/td>\n871.8<\/td>\n960.0<\/td>\n4-5 weeks<\/td>\n<\/tr>\n
2<\/td>\n19-Aug-22<\/td>\nApollo Tyres<\/td>\n260.1<\/td>\n315.0<\/td>\n4-5 weeks<\/td>\n<\/tr>\n
3<\/td>\n19-Aug-22<\/td>\nIRCTC<\/td>\n735.1<\/td>\n810.0<\/td>\n4-5 weeks<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
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