Stock Picks

Breakout Stocks: August 2014

GLENMARK
Glenmark Pharma - Weekly
On the weekly charts, Glenmark Pharma was in a 490-610 range for more than a year. Recently, the stock has given a breakout above the range. In the coming days, the stock could be heading higher towards 720 levels atleast.

PROVOGUE
Provogue
Provogue, as seen on the daily charts is taking support near the 61.8% retracement levels of it's March to June rally when it shot up from 6.5 levels to 15. Currently trading around 10.65, if the stock manages to break above the falling trendline at 11.25, it could head up to 13.25 levels in the coming days.


TATA POWER
Tata Power
Initially posted on our Facebook page, Tata Power is near crucial support zone of 98-100. BUY at current levels with SL at 98 for targets of 108-109. If the stock slips below 98, it could head towards 88 levels.

INDIA BULLS HOUSING FINANCE
India Bulls Housing Finance
IBHF has given a strong breakout at 400 levels, the stock could be heading higher. Accumulate at 420 levels, SL at 400 and hold for higher targets in the coming time. The stock can head higher for 460 levels.

PURVANKARA

Purvankara
For the past many years, Purvankara has created a 55-125 range. Keep the stock on your watchlist, if any breakout comes above 125 add, further add some more above 135 and hold for 200+ levels with SL at 115.

ATLAS
Atlas Cycle
Buy if the stock closes above 305, SL: 285 on closing basis and hold for targets of 360/400. The stock is trading in the 225-305 range for more than a year now.
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