00:00Hello Friends, Welcome back to our channel FinStock
00:10Today we will discuss about some breakout stocks and we will discuss about their scenario and will do our next planning
00:24Bank Nifty Monthly chart is open
00:29As we discussed last week, it is following a channel
00:35Last week it came down with resistance and now it is trying to break it
00:45As we can see, Bank Nifty is bullish
00:53If it goes up, it will become a new zone for it
01:03This was just an analysis
01:05The first stock we will discuss is IZMO
01:14IZMO Limited
01:17This is an IT company
01:23The reason behind our discussion is
01:27Let's see the monthly chart
01:32It is trying to break the 2007 level
01:39This is a good breakout
01:44The breakout level is 397
01:49As you know, if we project the down level, the target comes out to be 99%
02:03If we do a 10% stop loss, we get a good risk to reward of 1 as to 9
02:15When the level breaks, we can make a small position
02:25If it goes up, it is ok
02:29If it comes down and after spending some time near the level, it breaks out
02:37Then we can build a new position
02:42We have to do a 10% stop loss
02:46As it is a long breakout, the people stuck here will try to come out
02:54If it comes down, we have to go after 10% stop loss
03:01When it breaks out again, we can make a new entry
03:06This is a small cap company
03:09Stop loss is very important
03:12If it comes, we have to take a stop loss
03:15Otherwise, you can get stuck again
03:18As you can see, the low was of Rs. 9
03:21The low is around Rs. 8-9
03:24The stock of Rs. 400 can come down to Rs. 9
03:29Because it is a small cap company
03:31It has gone from Rs. 9 to Rs. 400
03:34This risk is very high in such a stock
03:37Stop loss is the best protection that we can have
03:41Whenever a stop loss comes, we have to take a stop loss
03:46If there is a chance, we can make a new entry
03:50But we have to take a stop loss
03:53In small cap or mid cap companies
03:55The next stock is Glenmark Pharma
04:02This is a well-known pharmaceutical company
04:07We are considering it for the same reason
04:10As you can see, there is a monthly breakout
04:14It is coming almost after 2015
04:17As you can see, it is a 9-year breakout from 2015
04:24The longer the breakouts, the better
04:28It is trying to go above the lifetime high level
04:33It can go up very well
04:38If we apply the same logic
04:41If we mark the depth again
04:44Our target comes around 2-8
04:48Which is 81%
04:50If we can keep a 10% stop loss
04:53We will get a 1-8 risk-to-reward
04:55Which is a very good risk-to-reward
04:58We all know that Glenmark is a well-known pharma company
05:03We can keep it as an investment purpose
05:06We have to apply a 10% stop loss
05:10But if it comes down a little
05:12We should not have any problem
05:16But still, stop loss is very important for our capital protection
05:23If there is a stop loss in stocks
05:25Then we should buy
05:27And if we get a chance to re-entry
05:29Then we can re-entry
05:32These two stocks look very good
05:35That's why we discussed
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05:56Thank you
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