Finolex Cables was one of the early breakouts of this Bull Market. The stock broke out above 65 in Nov 2013 and it was covered by State of the Market Breakout.
Here's the Finolex Cables Weekly chart -
Today, 8 months later - stock is at 170. The Breakout turned out to be vertical. The Breakout chart once again illustrates what happens when a stock breaks out and develops a momentum of its own.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers