Four NSE Stocks to Watch for Breakout

IDEA
Idea
Idea is showing a breakout on the Daily Chart and all set to shoot upto Rs90-92, and the second target could extrapolates upto Rs98. Minor Resistance around
RS 88. One can keep a stop loss around Rs 78 and buy this stock on declines till Rs82-84.

SunTV

Sun TV likely to be on the uptrend if it closes above Rs 300 on EOD basis. shorter term targets are coming around Rs 320 and Rs343.

Escorts

Escorts on the EOD charts had broken above the trend line above closed above Rs75. Now it could target Rs 85 and Rs 92. Minor Resistance near Rs 80

Havells India

Havells on the weekly chart is facing resistance near Rs439 and also making a visible Bullish ‘w’ pattern on the weekly charts suggesting a breakout above Rs439

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Comments

  1. Manan Desai says

    Once again there is an apex of triangle in IDEA as of 09/03/12. But it is most likely to breakout on upper side since there is round bottom formation from dec to feb and again a very small one from feb to now.

    Watch out for resistance at 98.

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