{"id":9705,"date":"2022-06-05T11:44:03","date_gmt":"2022-06-05T06:14:03","guid":{"rendered":"https:\/\/blogs.univest.in\/?p=9705"},"modified":"2022-10-13T14:46:58","modified_gmt":"2022-10-13T09:16:58","slug":"weekly-breakouts-3rd-june-2022","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/weekly-breakouts-3rd-june-2022\/","title":{"rendered":"Weekly Breakouts 3rd June 2022"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9705\" class=\"elementor elementor-9705\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f4134e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f4134e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c8a8a6\" data-id=\"3c8a8a6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-587b7ab elementor-widget elementor-widget-text-editor\" data-id=\"587b7ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p class=\"MsoNormal\" style=\"text-align: justify;\"><span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif;\">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 reading charts and identifying the trends and price movements. Growing volumes with price breakout indicate greater investor interest and signs of further upward movement in the short to midterm.<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify;\"><span lang=\"EN-IN\" style=\"font-family: 'Arial',sans-serif;\">This week saw the Nifty 50 closing 1.4% higher than last week, continuing the uptrend after a over last two weeks. Some stocks have given a positive breakout as the markets started moving higher. Based on a software programme, we have identified stocks that have given a \u2018breakout\u2019 on the week ending 3<sup>rd<\/sup> June 2022.<\/span><\/p>\n<p>\u00a0<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-9716 size-large\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb1-1024x329.png\" alt=\"\" width=\"1024\" height=\"329\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb1-1024x329.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb1-300x96.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb1-768x247.png 768w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb1.png 1393w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/weekly-breakouts-3rd-june-2022\/#Credit_Access_Grameen\" title=\"Credit Access Grameen\">Credit Access Grameen<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/weekly-breakouts-3rd-june-2022\/#Elecon\" title=\"Elecon\">Elecon<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/weekly-breakouts-3rd-june-2022\/#KEI_Industries\" title=\"KEI Industries\">KEI Industries<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/weekly-breakouts-3rd-june-2022\/#Rolex_Rings\" title=\"Rolex Rings\">Rolex Rings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-5'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/weekly-breakouts-3rd-june-2022\/#Voltamp_Transformers\" title=\"Voltamp Transformers\">Voltamp Transformers<\/a><\/li><\/ul><\/nav><\/div>\n<h5><span class=\"ez-toc-section\" id=\"Credit_Access_Grameen\"><\/span><strong>Credit Access Grameen<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Credit Access Grameen s one of the leading Microfinance NBFCs in India with high focus on group lending and retail finance with majority of its operations in South India. After witnessing a covid-induced slump for two years, the microfinance industry is poised for a cyclical upturn with new RBI norms providing further ballast to and a level playing field for NBFC MFIs.<\/p>\n<p>The charts also reflect that it is poised for a further up move in the short to medium term.<\/p>\n<p>\u00a0<\/p>\n<p><em><strong>Credit Access Grameen breaks out of range between 900 and 1050 closing at 1081 this week with 2.1 X volumes<\/strong><\/em><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-9717 size-large\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb2-1024x500.png\" alt=\"Credit Access Grameen breaks out of range between 900 and 1050 closing at 1081 this week with 2.1 X volumes\" width=\"1024\" height=\"500\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb2-1024x500.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb2-300x147.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb2-768x375.png 768w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb2.png 1132w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Elecon\"><\/span><strong>Elecon<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Elecon Engineering Company is an Indian multinational company headquartered in Anand, Gujarat. The company has its specialization in the manufacturing sector of industrial equipment. Elecon is one of the largest Asian manufacturers of material handling equipment, industrial gear systems and mining equipment.<\/p>\n<p>The growth is infrastructure projects is creating demand for their equipment which seems to be factored in the charts.The chart indicates that upside of 20% is possible over the one to two months.<\/p>\n<p>\u00a0<\/p>\n<p><em><strong>Elecon breakouts out of a six month range with 2.4 X volumes and crosses a price barrier of 220<\/strong><\/em><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-9718 size-large\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb3-1024x501.png\" alt=\"Elecon breakouts out of a six month range with 2.4 X volumes and crosses a price barrier of 220\" width=\"1024\" height=\"501\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb3-1024x501.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb3-300x147.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb3-768x376.png 768w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb3.png 1133w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h5><span class=\"ez-toc-section\" id=\"KEI_Industries\"><\/span><strong>KEI Industries<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>KEI manufactures\u00a0high and low tension cables (EHV, HT &amp; LT), control and instrumentation cables, house wires and stainless steel wires. It is one of the select companies in the country to manufacture speciality cables. It is also market leader in wires and cables in India.<\/p>\n<p>The chart of KEI Industries has been in an uptrend for more than a year and the breakout confirms that the uptrend is likely to continue and the stock reaching newer highs with every upmove.<\/p>\n<p>\u00a0<\/p>\n<p><em><strong>KEI Industries continues its uptrend &amp; breaks out with 3 X volumes closing at an all time high of 1299<\/strong><\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9720 size-large\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb4-1024x500.png\" alt=\"KEI Industries continues its uptrend &amp; breaks out with 3 X volumes closing at an all time high of 1299\" width=\"1024\" height=\"500\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb4-1024x500.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb4-300x147.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb4-768x375.png 768w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb4.png 1132w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Rolex_Rings\"><\/span><strong>Rolex Rings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Based at Rajkot(Gujarat) India, Rolex Rings is\u00a0among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe.<\/p>\n<p>It got listed on the stock exchanges in November 2021, and after moving sideways since then it has given a significant breakout this week and this may be the start of an uptrend for this stock.<\/p>\n<p>\u00a0<\/p>\n<p><em><strong>Rolex Rings gives a large breakout seven months after listing with 2.1 X volumes<\/strong><\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9721 size-large\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb5-1024x501.png\" alt=\"Rolex Rings gives a large breakout seven months after listing with 2.1 X volumes\" width=\"1024\" height=\"501\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb5-1024x501.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb5-300x147.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb5-768x376.png 768w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb5.png 1122w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<h5><span class=\"ez-toc-section\" id=\"Voltamp_Transformers\"><\/span><strong>Voltamp Transformers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h5>\n<p>Voltamp Transformers was established in 1963 in Vadodara. The Company has installed facility to manufacture oil filled power and distribution transformers.<\/p>\n<p>The chart has been in an uptrend forming higher highs and higher lows over the last one and half year. The stock traded in a range over last six months but broke out this week to an all time high price of 2537. It is likely to head higher in the short term continuing the uptrend.<\/p>\n<p>\u00a0<\/p>\n<p><em><strong>Voltamp Transformers breaks out of a six month range and continues its uptrend<\/strong><\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-9722 size-large\" src=\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb6-1024x501.png\" alt=\"Voltamp Transformers breaks out of a six month range and continues its uptrend\" width=\"1024\" height=\"501\" srcset=\"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb6-1024x501.png 1024w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb6-300x147.png 300w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb6-768x376.png 768w, https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2022\/06\/wbb6.png 1126w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bd7dc2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bd7dc2b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2532ec8\" data-id=\"2532ec8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-874da23 elementor-widget elementor-widget-text-editor\" data-id=\"874da23\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p style=\"background-color: #ffffff;\"><em>Note \u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\/recommendation\/advice<\/em><\/p>\n<p style=\"background-color: #ffffff;\"><em>Research done by:\u00a0Ketan Sonalkar,\u00a0SEBI Rgn No INA000011255<\/em><\/p>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-23fb162 elementor-shape-circle e-grid-align-left elementor-grid-0 elementor-widget elementor-widget-social-icons\" data-id=\"23fb162\" data-element_type=\"widget\" data-widget_type=\"social-icons.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-social-icons-wrapper elementor-grid\">\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-facebook elementor-repeater-item-b79fad1\" href=\"https:\/\/www.facebook.com\/Univest.in\" target=\"_blank\" rel=\"nofollow noopener\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Facebook<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-facebook\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-twitter elementor-repeater-item-d960058\" href=\"https:\/\/twitter.com\/InUnivest\" target=\"_blank\" rel=\"nofollow noopener\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Twitter<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-twitter\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-whatsapp elementor-repeater-item-1a41792\" href=\"https:\/\/wa.me\/+919810917800\" target=\"_blank\" rel=\"nofollow noopener\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Whatsapp<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-whatsapp\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-telegram elementor-repeater-item-0a982ac\" href=\"https:\/\/t.me\/Univest_in\" target=\"_blank\" rel=\"nofollow\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Telegram<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-telegram\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-instagram elementor-repeater-item-c9974a4\" href=\"https:\/\/www.instagram.com\/univest.in\/\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Instagram<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-instagram\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t\t\t<span class=\"elementor-grid-item\">\n\t\t\t\t\t<a class=\"elementor-icon elementor-social-icon elementor-social-icon-linkedin elementor-repeater-item-6cd9e60\" href=\"https:\/\/www.linkedin.com\/company\/univest-in\" target=\"_blank\" rel=\"nofollow noopener\">\n\t\t\t\t\t\t<span class=\"elementor-screen-only\">Linkedin<\/span>\n\t\t\t\t\t\t<i class=\"fab fa-linkedin\"><\/i>\t\t\t\t\t<\/a>\n\t\t\t\t<\/span>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>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 reading charts and identifying the trends and price movements. Growing volumes<\/p>\n","protected":false},"author":5,"featured_media":26918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-9705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market"],"metadata":{"_edit_lock":["1665653541:8"],"_edit_last":["8"],"qodef_content_behind_header":["no"],"qodef_show_header_widget_areas":["yes"],"qodef_top_area_header_in_grid":["no"],"_yoast_wpseo_primary_category":["24"],"_yoast_wpseo_estimated-reading-time-minutes":["5"],"_elementor_edit_mode":["builder"],"_elementor_template_type":["wp-post"],"_elementor_version":["3.6.5"],"_wp_page_template":["default"],"_elementor_data":["[{\"id\":\"3f4134e\",\"elType\":\"section\",\"settings\":{\"qodef_offset_top\":\"50%\",\"qodef_offset_left\":\"50%\"},\"elements\":[{\"id\":\"3c8a8a6\",\"elType\":\"column\",\"settings\":{\"_column_size\":100,\"_inline_size\":null},\"elements\":[{\"id\":\"587b7ab\",\"elType\":\"widget\",\"settings\":{\"editor\":\"<p class=\\\"MsoNormal\\\" style=\\\"text-align: justify;\\\"><span lang=\\\"EN-IN\\\" style=\\\"font-family: 'Arial',sans-serif;\\\">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 reading charts and identifying the trends and price movements. Growing volumes with price breakout indicate greater investor interest and signs of further upward movement in the short to midterm.<\\\/span><\\\/p><p class=\\\"MsoNormal\\\" style=\\\"text-align: justify;\\\"><span lang=\\\"EN-IN\\\" style=\\\"font-family: 'Arial',sans-serif;\\\">This week saw the Nifty 50 closing 1.4% higher than last week, continuing the uptrend after a over last two weeks. Some stocks have given a positive breakout as the markets started moving higher. Based on a software programme, we have identified stocks that have given a \\u2018breakout\\u2019 on the week ending 3<sup>rd<\\\/sup> June 2022.<\\\/span><\\\/p><p>\\u00a0<\\\/p><p><img class=\\\"alignnone wp-image-9716 size-large\\\" src=\\\"https:\\\/\\\/univest.in\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/wbb1-1024x329.png\\\" alt=\\\"\\\" width=\\\"1024\\\" height=\\\"329\\\" \\\/><\\\/p><h5><strong>Credit Access Grameen<\\\/strong><\\\/h5><p>Credit Access Grameen s one of the leading Microfinance NBFCs in India with high focus on group lending and retail finance with majority of its operations in South India. After witnessing a covid-induced slump for two years, the microfinance industry is poised for a cyclical upturn with new RBI norms providing further ballast to and a level playing field for NBFC MFIs.<\\\/p><p>The charts also reflect that it is poised for a further up move in the short to medium term.<\\\/p><p>\\u00a0<\\\/p><p><em><strong>Credit Access Grameen breaks out of range between 900 and 1050 closing at 1081 this week with 2.1 X volumes<\\\/strong><\\\/em><\\\/p><p><img class=\\\"alignnone wp-image-9717 size-large\\\" src=\\\"https:\\\/\\\/univest.in\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/wbb2-1024x500.png\\\" alt=\\\"Credit Access Grameen breaks out of range between 900 and 1050 closing at 1081 this week with 2.1 X volumes\\\" width=\\\"1024\\\" height=\\\"500\\\" \\\/><\\\/p><h5><strong>Elecon<\\\/strong><\\\/h5><p>Elecon Engineering Company is an Indian multinational company headquartered in Anand, Gujarat. The company has its specialization in the manufacturing sector of industrial equipment. Elecon is one of the largest Asian manufacturers of material handling equipment, industrial gear systems and mining equipment.<\\\/p><p>The growth is infrastructure projects is creating demand for their equipment which seems to be factored in the charts.The chart indicates that upside of 20% is possible over the one to two months.<\\\/p><p>\\u00a0<\\\/p><p><em><strong>Elecon breakouts out of a six month range with 2.4 X volumes and crosses a price barrier of 220<\\\/strong><\\\/em><\\\/p><p><img class=\\\"alignnone wp-image-9718 size-large\\\" src=\\\"https:\\\/\\\/univest.in\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/wbb3-1024x501.png\\\" alt=\\\"Elecon breakouts out of a six month range with 2.4 X volumes and crosses a price barrier of 220\\\" width=\\\"1024\\\" height=\\\"501\\\" \\\/><\\\/p><h5><strong>KEI Industries<\\\/strong><\\\/h5><p>KEI manufactures\\u00a0high and low tension cables (EHV, HT &amp; LT), control and instrumentation cables, house wires and stainless steel wires. It is one of the select companies in the country to manufacture speciality cables. It is also market leader in wires and cables in India.<\\\/p><p>The chart of KEI Industries has been in an uptrend for more than a year and the breakout confirms that the uptrend is likely to continue and the stock reaching newer highs with every upmove.<\\\/p><p>\\u00a0<\\\/p><p><em><strong>KEI Industries continues its uptrend &amp; breaks out with 3 X volumes closing at an all time high of 1299<\\\/strong><\\\/em><\\\/p><p><img class=\\\"alignnone wp-image-9720 size-large\\\" src=\\\"https:\\\/\\\/univest.in\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/wbb4-1024x500.png\\\" alt=\\\"KEI Industries continues its uptrend &amp; breaks out with 3 X volumes closing at an all time high of 1299\\\" width=\\\"1024\\\" height=\\\"500\\\" \\\/><\\\/p><h5><strong>Rolex Rings<\\\/strong><\\\/h5><p>Based at Rajkot(Gujarat) India, Rolex Rings is\\u00a0among the leading manufacturers of forged and machined components in India. It is an ace development partner manufacturing high-quality, world-class, customized automotive components as well as bearing rings for a huge base of clientele spread across the globe.<\\\/p><p>It got listed on the stock exchanges in November 2021, and after moving sideways since then it has given a significant breakout this week and this may be the start of an uptrend for this stock.<\\\/p><p>\\u00a0<\\\/p><p><em><strong>Rolex Rings gives a large breakout seven months after listing with 2.1 X volumes<\\\/strong><\\\/em><\\\/p><p><img class=\\\"alignnone wp-image-9721 size-large\\\" src=\\\"https:\\\/\\\/univest.in\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/wbb5-1024x501.png\\\" alt=\\\"Rolex Rings gives a large breakout seven months after listing with 2.1 X volumes\\\" width=\\\"1024\\\" height=\\\"501\\\" \\\/><\\\/p><h5><strong>Voltamp Transformers<\\\/strong><\\\/h5><p>Voltamp Transformers was established in 1963 in Vadodara. The Company has installed facility to manufacture oil filled power and distribution transformers.<\\\/p><p>The chart has been in an uptrend forming higher highs and higher lows over the last one and half year. The stock traded in a range over last six months but broke out this week to an all time high price of 2537. It is likely to head higher in the short term continuing the uptrend.<\\\/p><p>\\u00a0<\\\/p><p><em><strong>Voltamp Transformers breaks out of a six month range and continues its uptrend<\\\/strong><\\\/em><\\\/p><p><img class=\\\"alignnone wp-image-9722 size-large\\\" src=\\\"https:\\\/\\\/univest.in\\\/wp-content\\\/uploads\\\/2022\\\/06\\\/wbb6-1024x501.png\\\" alt=\\\"Voltamp Transformers breaks out of a six month range and continues its uptrend\\\" width=\\\"1024\\\" height=\\\"501\\\" \\\/><\\\/p>\"},\"elements\":[],\"widgetType\":\"text-editor\"}],\"isInner\":false}],\"isInner\":false},{\"id\":\"bd7dc2b\",\"elType\":\"section\",\"settings\":{\"qodef_offset_top\":\"50%\",\"qodef_offset_left\":\"50%\"},\"elements\":[{\"id\":\"2532ec8\",\"elType\":\"column\",\"settings\":{\"_column_size\":100,\"_inline_size\":null},\"elements\":[{\"id\":\"874da23\",\"elType\":\"widget\",\"settings\":{\"editor\":\"<p style=\\\"background-color: #ffffff;\\\"><em>Note \\u2013 This channel is for educational and training purpose only &amp; any stock mentioned here should not be taken as a tip\\\/recommendation\\\/advice<\\\/em><\\\/p><p style=\\\"background-color: #ffffff;\\\"><em>Research done by:\\u00a0Ketan Sonalkar,\\u00a0SEBI Rgn No INA000011255<\\\/em><\\\/p>\"},\"elements\":[],\"widgetType\":\"text-editor\"},{\"id\":\"23fb162\",\"elType\":\"widget\",\"settings\":{\"social_icon_list\":[{\"social_icon\":{\"value\":\"fab fa-facebook\",\"library\":\"fa-brands\"},\"_id\":\"b79fad1\",\"link\":{\"url\":\"https:\\\/\\\/www.facebook.com\\\/Univest.in\",\"is_external\":\"true\",\"nofollow\":\"\",\"custom_attributes\":\"\"}},{\"social_icon\":{\"value\":\"fab fa-twitter\",\"library\":\"fa-brands\"},\"_id\":\"d960058\",\"link\":{\"url\":\"https:\\\/\\\/twitter.com\\\/InUnivest\",\"is_external\":\"true\",\"nofollow\":\"\",\"custom_attributes\":\"\"}},{\"_id\":\"1a41792\",\"social_icon\":{\"value\":\"fab fa-whatsapp\",\"library\":\"fa-brands\"},\"link\":{\"url\":\"https:\\\/\\\/wa.me\\\/+919810917800\",\"is_external\":\"true\",\"nofollow\":\"\",\"custom_attributes\":\"\"}},{\"_id\":\"0a982ac\",\"social_icon\":{\"value\":\"fab fa-telegram\",\"library\":\"fa-brands\"},\"link\":{\"url\":\"https:\\\/\\\/t.me\\\/Univest_in\",\"is_external\":\"true\",\"nofollow\":\"\",\"custom_attributes\":\"\"}},{\"_id\":\"c9974a4\",\"social_icon\":{\"value\":\"fab fa-instagram\",\"library\":\"fa-brands\"},\"link\":{\"url\":\"https:\\\/\\\/www.instagram.com\\\/univest.in\\\/\",\"is_external\":\"true\",\"nofollow\":\"\",\"custom_attributes\":\"\"},\"item_icon_color\":\"custom\",\"item_icon_primary_color\":\"#AF1A62\",\"item_icon_secondary_color\":\"#FFFFFF\"},{\"_id\":\"6cd9e60\",\"social_icon\":{\"value\":\"fab fa-linkedin\",\"library\":\"fa-brands\"},\"link\":{\"url\":\"https:\\\/\\\/www.linkedin.com\\\/company\\\/univest-in\",\"is_external\":\"true\",\"nofollow\":\"\",\"custom_attributes\":\"\"}}],\"shape\":\"circle\",\"align\":\"left\",\"icon_size\":{\"unit\":\"px\",\"size\":29,\"sizes\":[]},\"icon_padding\":{\"unit\":\"em\",\"size\":0.5,\"sizes\":[]},\"icon_spacing\":{\"unit\":\"px\",\"size\":6,\"sizes\":[]}},\"elements\":[],\"widgetType\":\"social-icons\"}],\"isInner\":false}],\"isInner\":false}]"],"_yoast_wpseo_content_score":["30"],"_yoast_wpseo_focuskw":["Weekly Breakouts 3rd June 2022"],"_yoast_wpseo_title":["Weekly Breakouts 3rd June 2022"],"_yoast_wpseo_metadesc":["This week saw the Nifty 50 closing 1.4% higher than last week, continuing the uptrend after a over last two weeks."],"_yoast_wpseo_linkdex":["67"],"nectar_blog_post_view_count":["304"],"_schema_ref":["11166"],"_schema_json":["a:12:{s:8:\"@context\";s:19:\"https:\/\/schema.org\/\";s:5:\"@type\";s:11:\"BlogPosting\";s:16:\"mainEntityOfPage\";a:2:{s:5:\"@type\";s:7:\"WebPage\";s:3:\"@id\";s:50:\"https:\/\/univest.in\/weekly-breakouts-3rd-june-2022\/\";}s:3:\"url\";s:50:\"https:\/\/univest.in\/weekly-breakouts-3rd-june-2022\/\";s:8:\"headline\";s:30:\"Weekly Breakouts 3rd June 2022\";s:13:\"datePublished\";s:25:\"2022-06-05T11:44:03+05:30\";s:12:\"dateModified\";s:25:\"2022-06-07T10:40:00+05:30\";s:9:\"publisher\";a:4:{s:5:\"@type\";s:12:\"Organization\";s:3:\"@id\";s:32:\"https:\/\/univest.in\/#organization\";s:4:\"name\";s:7:\"Univest\";s:4:\"logo\";a:4:{s:5:\"@type\";s:11:\"ImageObject\";s:3:\"url\";s:62:\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/Univest-Logo.png\";s:5:\"width\";i:600;s:6:\"height\";i:60;}}s:5:\"image\";a:4:{s:5:\"@type\";s:11:\"ImageObject\";s:3:\"url\";s:63:\"https:\/\/univest.in\/wp-content\/uploads\/2022\/06\/wbb1-1024x329.png\";s:5:\"width\";s:4:\"1024\";s:6:\"height\";s:3:\"329\";}s:14:\"articleSection\";s:6:\"Market\";s:11:\"description\";s:277:\"Technical charts give a sense of what is the likely future direction of any stock. 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