Technical Breakout Stocks: How to trade Century Textiles, L&T, and ABB India on Monday

Posted on:
Key Points

Sectorally, buying was seen in power, capital goods, the public sector, and utilities...

Stocks that were in focus included names like Century Textiles, which was up more than 8%, L&T, which closed with gains of nearly 2% to hit a fresh record high and ABB India which rose another 1% to hit a fresh record high on Thursday...

The equity markets remained well supported by the positive developments on the economic performance, such as the Current Account Deficit (CAD), Dr Joseph Thomas, Head of Research, Emkay Wealth Management, said.. Going ahead, the performance may remain closely linked to the economic performance, as there have been some concerns being raised with regards to the valuations, he said...

We have collated a list of three stocks that either hit a fresh 52-week highs, or an all-time high or saw a volume or a price breakout...

This stock is breaking out from a bullish pattern with good volumes and is expected to test Rs 4,000+ in the coming days...

You might be interested in

Breakout Stocks: How to trade BSE, Torrent Power and PFC on Wednesday after they hit fresh highs

14, Nov, 23

The Indian market remained shut on Tuesday on account of a public holiday. Sectorally, buying was seen in metal, public sector, energy, utilities, and power stocks while selling was visible in IT, consumer durables, and healthcare stocks.

Breakout Stocks: How Prestige Estates, Bharti Airtel and Escorts are looking on charts for Wednesday’s tra

10, Oct, 23

Sectorally, buying was seen in realty, metal, telecom, public sector, and banking stocks

Technical Breakout Stocks: How to trade Bharat Electronics, Bajaj Auto and Aditya Birla Fashion on Wednesd

02, Apr, 24

The S&P BSE Sensex fell over 100 points while the Nifty50 closed above the 22,450 level. Sectors like consumer durables, oil & gas, the public sector, and utilities, saw buying while IT, telecom and banks saw some selling pressure.

Breakout Stocks: How are Data Patterns, Mazagon Dock and IDFC First Bank looking on charts for Monday?

18, Jun, 23

Indian markets closed higher on Friday, with the S&P BSE Sensex increasing over 400 points, and the Nifty50 closing above 18,800. Buying was seen in banks, capital goods, FMCG, and public sector stocks, while IT and realty stocks experienced selling. Three stocks, Data Patterns, Mazagon Dock Shipbuilding, and IDFC First Bank, either hit a 52-week high or saw a volume or price breakout. Data Patterns closed at an all-time high; Mazagon Dock Shipbuilding saw a Pole and Flag pattern breakout; and IDFC First Bank saw a rally above Rs 70.

Technical Breakout Stocks: How to trade HDFC AMC, Intellect Design and Birla Corp on Wednesday

27, Feb, 24

The S&P BSE Sensex rose more than 300 points to close above the 73000 mark while the Nifty50 failed to hold above 22,200 level. Sectorally, buying was seen in realty, consumer durables, capital goods, and IT stocks while oil & gas, energy, public sector and utilities saw some selling pressure.

Is the stock market open for Republic Day on Friday?

25, Jan, 24

In 2024, the markets will be shut for Republic Day (January 26), Mahashivaratri (March 8), Holi (March 25), Good Friday (March 29), Ramzan Id (April 11), Ram Navami (April 17), Maharashtra Day (May 1), Bakri Id (June 17), Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).

Technical Breakout Stocks: How to trade TCS, InterGlobe Aviation and OFSS on Wednesday

12, Mar, 24

The Nifty50 closed flat with a positive bias at 22,335 while the S&P BSE Sensex closed with gains of more than 160 points. Sectorally, buying was seen in IT stocks while some selloff was seen in realty, public sector, utilities, power, and capital goods stocks.