WEEKLY MARKET ANALYSIS FOR 14 OCT 2024 / BREAKOUT STOCKS

SPORT DAILY

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Transcript

00:00Hello friends welcome back to our channel free stock, today we are with yet another

00:11episode of our weekly market analysis series, so as you know in this, after the end of market

00:17spread, in that week, how the indices performed, we do analysis and on the basis of that, outperforming

00:24the stock, so the week that just ended, in that if you see, pharma, auto and healthcare

00:31sector has outperformed, almost 2% and the underperforming are PSC bank, metal and FMCG,

00:38so now we will do analysis of the stocks that we take out from pharma, auto and healthcare

00:45sector, so friends you watch our videos, but we will not discuss them, so we will discuss

00:52this list, you watch our videos but like them and share them with your friends, subscribe

01:00to the channel and press the bell notification, so that you will get update of new videos

01:09before that let's see bank nifty

01:18this is nifty weekly chart

01:23as you can see

01:26this week

01:29there was a big engulfing candle

01:33nifty outperfomance was fed up for almost 3 weeks

01:39and in this week market closed up with support level

01:44support level is very crucial

01:48which is 24750

01:52if it goes below this

01:54nifty can come down

01:56and if nifty comes down

01:58all the stocks will come down

02:00so we have to make our strategy carefully

02:05and if we see bank nifty

02:07as we were talking in bank nifty

02:09there was a very good outperformance

02:11but this channel

02:13almost went to it and took resistance again

02:16this index of bank nifty

02:20again came below middle line

02:23now we have to try again

02:25till it doesn't come up

02:27we won't see outperformance

02:29if we see overall

02:32sentiment is changing towards bearish

02:37so all the stocks

02:39which we will trade or invest

02:42stop loss becomes very crucial

02:45and if it comes

02:47we have to take stop loss and exit

02:49and if we get a chance again

02:52we will enter in it

02:54now let's see one by one chart

02:57the first sector we saw was

03:00pharma, auto and health care

03:03so we will go from bottom to top

03:05one by one

03:06first we will see health care sector

03:08first is metropolis

03:12metropolis health care

03:17this is metropolis health care

03:20we have opened weekly chart

03:23if you see

03:25this is like a rounding bottom pattern

03:28which is going to be

03:30April 2022 breakout level

03:34so if you see this level

03:36around 2478

03:38this level is very good

03:42resistance will act now

03:44and if it closes daily

03:48then we can expect 40% target

03:53so if someone wants to trade

03:56then for 7-8%

03:58he can buy now

04:01and the stop loss will be

04:03below this candle

04:05which is 2145

04:07so with this stop loss

04:09we can make entry

04:13then next stock is

04:18amrutanjal health care

04:23amrutanjal health care

04:28so if you see

04:30this is weekly chart of amrutanjal health care

04:32and in this also

04:34you can see

04:36like a rounding bottom pattern

04:38and its breakout pass

04:40is being traded now

04:42so if this 788 level

04:44if it closes daily

04:46then we can make entry

04:48then our first target will be 15%

04:50which is 908

04:52and second target will be 1010

04:56and our stop loss will be 10%

04:58which is around 700

05:00so this is the analysis of health care

05:02stocks

05:04now next is auto sector

05:06our first stock is

05:08exile industry

05:10as i told you

05:12exile industry is a well known brand

05:14in batteries

05:16so if you see

05:18here is the turn up

05:20and after that

05:22there was a high

05:26which was around

05:30620

05:32and after that

05:34there was a downtrend

05:36but here it is trying to go up

05:38with support

05:40so if you see

05:42the trading

05:44which is 5-7%

05:46you can expect a return

05:48and stop loss will be

05:50468

05:52if you see

05:54the volume is good

05:56means buying is going on

06:00so here we can buy for trading

06:02and investment

06:04after 5-7%

06:06we can buy for investment

06:08and the target

06:10we can see

06:12which is around

06:14675

06:20next stock is

06:22mahindra and mahindra

06:28mahindra and mahindra limited

06:30this is a well known

06:32auto sector company

06:34and we have already seen

06:36pole and flag

06:38and this week also

06:40the level

06:42which was down

06:44we have tried to

06:46break it

06:48so if this level

06:503-2-3-0

06:52we can buy

06:54and if we

06:56see the target

07:00if we project

07:02the pole

07:04we can see the target

07:06which is

07:084200

07:10so for 4200

07:12we can enter

07:14and the stop loss

07:16if we take this

07:18so the lower level

07:20we have to take the stop loss

07:22which is also

07:248-9%

07:26so with this

07:28we can enter in MNN

07:30then

07:32the last sector

07:34is pharma sector

07:36and the stock analysis

07:38is pharansidus

07:40pharansidus life sciences

07:46so this is

07:48pharansidus life sciences

07:50weekly chart

07:52here the resistance

07:54has come down

07:56almost

07:5820%

08:00and the support level

08:02is trading

08:04from last 2 weeks

08:06if it is taking support

08:08so the level

08:101084

08:12so the support

08:14will be confirmed

08:16and we can make entry

08:18on 1084

08:20and the target will be 19-20%

08:22which is

08:241296-1300

08:26and the stop loss

08:28will be decent

08:30almost 5-6%

08:32below this level

08:34and the last stock

08:36is lupin

08:40so this is

08:42the weekly chart

08:44of lupin

08:46if we see

08:48this is the level

08:50where lupin is struggling

08:52this is the upper level 2309

08:54after this we can make entry

08:56in this

08:58and then

09:00the target

09:02the first target

09:04will be 2898

09:06and then 3657

09:08and the stop loss

09:10will be around

09:129-10%

09:14which is

09:162100

09:182100

09:20so friends

09:22in this stock

09:24there is no recommendation

09:26if you want to invest

09:28then you should study

09:30or after discussing

09:32with your financial advisor

09:34you should take decision

09:36so this is it for the week friends

09:38thank you

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Transcript

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