Hello All,

I would like to discuss on some potential stock breakouts after strong consolidation which leads to huge momentum in the price. I am sharing the charts for the purpose of learning’s, most of the times a combination with technical and fundamentals leads to huge winner. The below charts gives you a clarity on identifying breakouts. I don’t recommend you to trade in below stocks based on given information in our website which may leads to permanent loss of your capital, always do your own homework before involving in any trades

Hindustan Oil Exploration Company Ltd:

HINDOILEXP stock price consolidated from 2009 to 2024, it gave weekly breakout with good 27M volume. I took previous bottom before breakout as stop-loss in daily chart. Usually after this kind of huge consolidation stock might reach its all-time high but target and stop-loss depends on individual risk appetite. You can keep previous daily chart bottom as stop-loss and continue the price movement and start to trail the stop-loss once the price goes as expected.

Hindustan Copper Ltd:

HINDCOPPER consolidated from 2012 to 2024 in wide pricing range. It gave breakout with good volume of 105M, now stock is heading towards its breakout level which is very good level to enter in the stock. Usually the breakout retest will be a good level to enter in any stock. I marked stop-loss based on bottom before breakout which we need to trial in later stage once stock moves up. Once the retest is done and stock price moving up above previous high, the stop-loss should be the bottom of retest level.

Bajaj Hindusthan Sugar Ltd:

BAJAJHIND consolidated for past 12years and gave breakout with massive 435M volume in 2024. I kept stop-loss based on bottom before breakout and you can keep stop-loss based on your risk appetite.

Rico Auto Industries Ltd:

RICO Auto consolidated for close to 19 Years and gave multiyear breakout in 2024 with massive 56M volume. This stock was already came to its breakout retest level and consolidating in daily chart. I kept breakout retest level as the stop-loss and once it breaks the daily consolidation I will keep previous daily chart bottom as the stop-loss.

Can Fin Homes Ltd:

Can Fin Homes consolidated in weekly charts from mid of 2017 to mid of 2023. It gave breakout without much volumes after 6 years of consolidation. Again breakout in Daily chart around Jan 2024 and retested the daily breakout pattern recently, this may start its next phase movement soon. I have marked the stop-loss based on daily chart bottom before breakout. If we want to enter in this stock and continue the future price movement, we need to make sure the previous bottom in daily chart not broken which is trailing stop-loss or they can keep stop-loss based on their risk appetite.

Precision Camshafts Ltd:

Precision Camshafts consolidated for past 8 years and gave breakout in mid of 2023 with 5M volumes, the stock immediately retested its breakout level and consolidating in daily chart. I kept first retest level of breakout as a stop-loss and you can also keep stop-loss below breakout level too it depends on your risk appetite.

Let me know whether this kind of contents interesting for you in comments to understand better about your needs.