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Whenever any stock conquers major price levels, the robust momentum is ascertained to have gained maximum strength from market participants point of view. This scenario depicts a further price push in the same direction with a significant addition in volumes.
The broad major levels are 52-week high or all-time high. And whenever stock claims new levels, they are looked as a strong candidate for further upside. Likewise, stocks hitting a fresh 52-week low or all-time low are viewed to be towards further decline.
Also read: Vodafone Idea, Paytm: Trading strategies for buzzing stocks of the day
Currently, the year 2022 has started with sparkling responses as 33 stocks have claimed fresh 52-weeks high, in just seven trading sessions so far. Few of the prominent stocks, among these are - Adani Green Energy Ltd, Elgi Equipments Ltd, Affle (India) Ltd, Greaves Cotton Ltd, Asian Paints Ltd , RHI Magnesita india Ltd and SRF Ltd - all hitting new all-time highs.
Traders and investors consider these stocks as breakout stocks and are ready to enter fresh trades from a short to medium term prespective. One can expect a positive upside that could range from 10-15 per cent on an immediate basis with overall structure predicting bigger bullish sentiment.
Here is the list of stocks showing such breakouts: -
The broad major levels are 52-week high or all-time high. And whenever stock claims new levels, they are looked as a strong candidate for further upside. Likewise, stocks hitting a fresh 52-week low or all-time low are viewed to be towards further decline.
Also read: Vodafone Idea, Paytm: Trading strategies for buzzing stocks of the day
Currently, the year 2022 has started with sparkling responses as 33 stocks have claimed fresh 52-weeks high, in just seven trading sessions so far. Few of the prominent stocks, among these are - Adani Green Energy Ltd, Elgi Equipments Ltd, Affle (India) Ltd, Greaves Cotton Ltd, Asian Paints Ltd , RHI Magnesita india Ltd and SRF Ltd - all hitting new all-time highs.
Traders and investors consider these stocks as breakout stocks and are ready to enter fresh trades from a short to medium term prespective. One can expect a positive upside that could range from 10-15 per cent on an immediate basis with overall structure predicting bigger bullish sentiment.
Here is the list of stocks showing such breakouts: -
Source: spidersoftware
