STRONG / HIGH-PROBABILITY STOCK SET-UPS
[FOR W29/2023: MON 17 JUL TO FRI 21 JUL 2023]
APOLLO PIPES LTD
#APOLLOPIPE
Good buying Force
Stock in Stage 2 Advancing phase
Breakout from recent base
Good Relative Strength
Good volume build up
Consolidation after sharp upmove with lower volumes
ARVIND SMARTSPACES
#ARVSMART
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidation after strong breakout of base near 10 Weekly MA with volumes thinning out
BIRLA CABLE LTD.
#BIRLACABLE
Very good buying force with good volumes
Strong breakout from a long base & re-test with volumes thinning out
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidation near 10 Weekly MA on lower volumes
CARBORUNDUM UNIVERSAL
#CARBORUNIV
Very good buying force
Breakout from large base / Cup & Handle
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidation near 10 Weekly MA with lower volumes
CONTROL PRINT LTD.
#CONTROLPR
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Big seller rejection since the last 2 weeks
Near ATH
Consolidating near 10 Weekly MA
CYIENT LTD.
#CYIENT
Very good buying force
Very Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidating near 10 Weekly MA and forming another minor base
DHUNSERI VENTURES
#DVL
Very good buying force with good volume build up
Breakout above downward sloping trendline with great volumes
Stock seems to be trying to enter into early Stage 2 Advancing phase
Big seller rejection last week with a re-test of breakout & 10 Weekly MA.
FIRSTSOURCE SOLUTIONS LTD.
#FSL
Stock trying to break out of a consolidation base, seems to have given a trendline breakout last week with good volumes
Good volume build-up
Has broken and stayed above the 10 Weekly MA a few weeks back. All MAs are getting stacked up well
GLENMARK LIFE SCIENCE LTD.
#GLS
Very strong buying force
Good Relative Strength
Approaching sloping trendline for breakout
Strong seller rejection last week with a re-test of 10 Weekly MA
Sector tailwinds
EIH LTD
#EIHOTEL
Very good buying force with good volume build up
Stock in early Stage 2 Advancing phase
Good Relative Strength
Sector tailwinds
Consolidating near 10 Weekly MA and forming a new smaller base
H.G. INFRA ENGINEERING
#HGINFRA
Very good buying force
Breakout from base & re-test done
Stock in Stage 2 Advancing phase
Consolidation near 10 Weekly MA with volumes thinning out
IRCON INTERNATIONAL
#IRCON
Very good buying force
Good volume build up
Stock in a Stage 2 Advancing phase
Good Relative Strength
Stock seems to be pausing for breath after a stellar move and getting ready for the next leg of upmove
JAIN IRRIGATION
#JISLJALEQS
Strong buying force
Approaching sloping trendline for breakout
Volume profile suggests that stock is changing big hands
KPIT TECHNOLOGIES
#KPITTECH
Good buying force
Consolidation near 10 Weekly MA with thinned-out volumes
Good seller rejection last week
MARSHALL MACHINES LTD.
#MARSHALL
Very good buying force
Stock in a Stage 2 Advancing phase
Very good volume build up
Down weeks are with reduced volumes
Near the 10 Weekly MA with volumes thinned out.
Seems to be in the process of approaching the base breakout level soon.
ONE 97 COMMUNICATIONS LTD.
#PAYTM
Stock has bottomed out
Good buying force
Stock is trying to break into Stage 2 Advancing phase
Consolidating near 10 Weekly MA with narrow range & volumes thinning out
Near 52 week high
Good seller rejection last week
RATEGAIN TRAVEL TECHN LTD.
#RATEGAIN
Very good buying force
Stock in Stage 2 Advancing phase
Good Relative Strength
Breakout from base and re-test done
Strong seller rejection last week
RAIL VIKAS NIGAM LTD.
#RVNL
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidating near 10 Weekly MA with very narrow range and volumes thinning out
Seems to be getting ready for the next leg of upmove
UNO MIND LTD.
#UNOMINDA
Strong buying force
Good volume build up & liquidity
Approaching sloping trendline for breakout
Near 10 Weekly MA
VOLTAMP TRANSFORMERS
#VOLTAMP
Very good buying force
Good volume build up
Stock in Stage 2 Advancing phase
Good Relative Strength
Consolidating near 10 Weekly MA with very narrow range and volumes thinning out
Seems to be getting ready for the next leg of upmove
OTHER GOOD STUFF
My past Watchlists can be accessed here:
Just published an interesting study on PSU Banks which seem to have given a multi-year breakout:
My recent study on leading & lagging sectors which can be utilized to boost passive investing through ETFs:
DISCLAIMER
The above is just a study of the strong & high-probability set-ups of stocks in the market. All information provided here is for educational purposes only and does not constitute any investment advice or recommendation. Please do your own due diligence. Products mentioned are not recommendations. The author has no incentive, financial or otherwise, to write about any particular Stock / AMC / ETF. All data taken is the latest to the best of the author’s knowledge. This is published just for educational purposes. This is not an advice or a recommendation to trade in these or any other stocks.