WEEKLY MARKET ANALYSIS FOR 22 JUL 2024 l BREAKOUT STOCKS FOR TRADING AND INVESTING

  • 3 months ago
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Transcript
00:00Hello Friends, Welcome back to our channel FinStock
00:10Today we are with yet another episode of our weekly market analysis series
00:15So as you know, we analyze last week's indexes and make our next week's strategy
00:26So as you can see, last week on 19th July, IT, FMCG & PSC Bank outperformed
00:42IT 2.31%, FMCG 2.28% & PSC Bank 1.38%
00:50Underperforming are Nifty PSE, Metal Index & Media Index
00:56PSE stands for Public Sector Enterprises, 3.92%
01:03Metal is 4.65% & Media is 5.36%
01:15IT 2.31%, FMCG 2.28% & PSC Bank 1.38%
01:24If you watch our videos, then you know that last few weeks we have been saying that IT is outperforming
01:32So we can see IT stocks as an investment purpose
01:38And according to what you have seen, many IT stocks have given returns of more than 10%
01:47So if you watch our videos, then you will benefit from it and you can also analyze it
01:56So friends, we don't have any recommendation in the stocks we discuss here
02:04We just discuss it for study purpose
02:07So you also study the stocks discussed here and then make your decisions or consult your financial advisor
02:16So now we will analyze the stocks we see here
02:26So now we go to the chart
02:29So friends, before that, you watch our videos, like them, share them with your friends
02:34Also subscribe to the channel and press the bell notification so that you can get updates of new videos
02:41And you will be updated accordingly
02:43So this is the weekly chart of Nifty
02:48And as we have been saying since last few weeks that the Nifty Bank is trading in this channel
02:54Till the time it doesn't break out, we can't see the new bullish moment
02:59And you are also experiencing that since last 2-3 weeks, Nifty Bank is coming down
03:06So according to this, till the time this channel's upper end doesn't break, we can't see new performance in stocks
03:16So this was our analysis for Nifty Bank
03:20Now let's see our stocks
03:22So the first stock is MPSIS
03:30So this is the weekly chart of MPSIS
03:38And if you see, we have analyzed it last week as well
03:42And in this week, it has confirmed the break out
03:45And it has closed above the level of April 2022
03:51And the volume is also very good
03:53So in this, we can see our investment or trading
04:01And our target is 16-17%
04:08And our risk is almost 10-11%
04:15So the risk to reward is 1.6
04:19The next stock is TCS
04:28So if you see TCS, it has given a very good break out
04:33In March, it gave a break out above the level of 4236
04:43And then it came down
04:45And now after 3-4 months, it has closed above the level
04:49And the volume is also good
04:51So big players are accumulating this
04:54We can also make our position in this
04:57And if we make a position here
04:59So we will get the first target of 8%
05:04And we have to put our stop loss against it
05:07So we can put this candle below it
05:11Which is around 4% stop loss
05:13And those who are selecting for investment
05:19They can also try it for long term
05:23A very good break out has come in this
05:26So it can go up a lot
05:29So these were the stocks of IT
05:33Now the next stock was FNCG
05:35And the first stock in this is Colgate-Parmalieu
05:38Colgate-Parmalieu
05:43So this is Colgate-Parmalieu
05:45Here the weekly chart has opened in front of us
05:49You can see that it has shown a very good uptrend
05:54So if we buy it after the last week's candle has closed
06:05So we have to put our stop loss below this swing low
06:08Which will be around 10-12%
06:11And then we can keep it for new targets
06:15Which we can take 1-1, 1-2
06:20The volume is also very good
06:22You can see the volume above the average
06:24Then the next stock is Marico
06:27Marico
06:32If you see this too
06:35So it has given a very good break out
06:39It gave a break out after October 21
06:43And after going up, it is showing a little slowdown
06:48So we can buy it here too
06:51And if it comes around this level
06:54Which is 9-10% level
06:56So if it makes a green candle in the daily candle
07:01So we can buy it again after its high
07:05And then our target is 1-1 or 1-2
07:12This was for FNCG
07:15Now next is PSU Bank
07:18So the first stock in PSU Bank is Punjab & Sindh Bank
07:22Punjab & Sindh Bank
07:27This is the weekly chart of Punjab & Sindh Bank
07:32It gave a very good breakout
07:35After that, it has been trading in a range from almost January 24
07:41If you see in the last week
07:43So it has closed near the upper end of this range
07:46And the volume is also good
07:48RSI also tries to go above 60
07:50So as soon as this stock goes above this range
07:53Which is 65
07:54After going above 65
07:56We can make our position in it
07:58And then our first target will come
08:00This high will come around 77
08:04Which will give us a return of 17-18%
08:08And then we have to put a stop-loss below this
08:12Which comes to almost 13-14%
08:15Then our last stock is SBI
08:21State Bank of India
08:24So if you see this, it is trading near the resistance
08:28Until this high does not come
08:30This is the candle of June
08:32Around 4th June when our result came
08:36If this high comes
08:38Which is around 910
08:41After that we will make a new position in it
08:44And then we will execute our trade according to 1 as to 1 and 1 as to 2
08:50Our stop-loss will be 10% below
08:53And then we can take a target of 20%
08:55Or above that
08:57If we want to see for investment purposes, we can keep
09:01So friends
09:03You also study the stocks
09:05And find new stocks
09:08And if there is a breakout in many stocks
09:10Then you also analyze them
09:12So that's all for now friends
09:13Thank you

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