Here are two stocks that have recently rallied and appear on verge of major breakout move:
1. LLoyd Electric
The stock made a huge move today
This is now how it looks on the chart -
The above is a monthly chart and as you can see - Lloyd Electric is staring at major major breakout above 245 on monthly basis. It can trigger a huge Bull market in the stock for many months and years to come if breakout really turns out to be decisive. Any close below 225 would result in major disappointment for breakout watchers.
2. SREI Infrastructure Finance
The above is a daily chart and as you can see - SREI Infra Finance is knocking the door of 53 for a major turnaround move after months of under performance. A close above 54 will trigger a breakout move and can result in some immediate momentum.
Please do your own due diligence before trading or investment. Do not treat the above as any recommendation
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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