A REVIEW OF FEW BREAK OUT STOCKS

Here’s the current state of breakouts I covered in the month of November 2013.

	Stock	Initiated Price	CMP	Change	Strategy	Covered	Current Position	Type

THOMASCOOK

74

86.2

16.38%

Swing Trade + Breakout

11.Nov.2013

HOLD

Trading

FINCABLES

65.8

76.4

30.11%

Breakout

13.Nov.2013

HOLD

Investment

GLAXO

2397

3005

25.17%

Breakout

18.Nov.2013

HOLD

Investment

PEL

538

500

-7.06%

Breakout

22.Nov.2013

EXITED

Investment

NIITTECH

311

373.6

20.41%

Breakout

21.Nov.2013

HOLD

Investment

.

KPIT

140

175.1

21.29%

Breakout

21.Nov.2013

HOLD

Investment

.

SASKEN

145

197.75

35.81%

Breakout

21.Nov.2013

HOLD

Trading

STOCK NO 1( ONLY FOR PAD CLIENTS INTERNET STOCK LONG TERM HOLDING  ALREDY MOVED 20 %  HOLD FOR LONG TERM

Thomas Cook at 74
Article trendzofmarket.blogspot.in/search/label/THOMAS COOK 
  ON NOV 11
It’s only today stock bounced back with intensity. It can be indication that correction is over and stock is ready for some serious momentum run. One can make this assumption and buy the stock for ST trading with stop loss at 68.

 

Finolex Cable Breaks out at 65
Article titled http://trendzofmarket.blogspot.in/2013/11/finolex-cables-about-to-break-multi.html

One can Go Long at cmp of 66 with stop loss below 61.9. Now, remember Breakouts can work out in 1 day or it may take some weeks. One should exhibit patience and if breakout does workout – it may lead to strong upside move and rewarding gains.

 

Finolex stock appears to be holding well and as long as stock holds up well on the chart: it’s a HOLD. The stock can well be in multi year bull run.

***** Pharma at **** ONLY FOR CLINETS
The article titled – 

***** Pharma stock created a stiff resistance around **** for years. It’s only in May 2013- the stock broke past **** and since then has been on consolidation drive. The stock seems to be establishing base around 50 week ma (****) and **** which is very bullish and once stock takes off from here – we are looking at multi year bull market in the stock.

Piramal Enterprise at 538
In the article titled – http://trendzofmarket.blogspot.in/2013/11/piramal-enterprises-building-launchpad.html

Piramal Enterprises is a Leadership stock and currently under bullish consolidation above 100 week ma. One can Buy the stock with closing stop loss at 3% below 100 week ma. The stock looks like to be in multi year Bull market till it proves otherwise

Piramal Enterprises disappointed investors last week with a dramatic sell off and then recovery. One should have been out of stock but technical structure of the stock is still intact. It means if stock holds above 100 wma this week: then one can look to add the stock back in following week.

Midcap IT Stocks
I covered Breakout in midcap IT stocks twice last month.http://trendzofmarket.blogspot.in/2013/11/a-review-on-story-of-midcap-it-bull.html