Breakout Stocks: How to trade CDSL, KPIT Tech and Bluestar on Wednesday

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Key Points

Amongst sectors, Nifty Realty, Media, and Consumer Durables were major gainers, while Auto, Pharma, and Healthcare were major losers..

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

The stock is moving in a channel pattern and taking support from the trendline since January, and now it is facing a tough resistance zone of Rs 1,194-1,230..

If it closes above this level, then the stock will be heading toward its next target of Rs 1,346 level as T1 and Rs 1,374 as T2 risk to reward ratio is 1:25...

If it crosses this zone, then the stock is heading toward its next target which is of Rs 1,000 level as T1 and Rs 1,057 level as T2...

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