In last 30 days - two stocks have done wonder when it comes to large liquid names. One is Reliance Capital and the other stock is Century Textiles.
Pictures speak for itself.
Reliance Capital stock broke out above 466 and rallied 23% in less than a month
Century Textiles stock after consolidating near 50 dma surged and rallied 34% in last one month
Now once a stock makes a large move like this - traders look for similar opportunity developing elsewhere. Here are two stocks that seem to be on the radar of many with one breaking out today itself.
Aurobindo Pharma makes a large move today breaking out above minor resistance zone
Reliance Infra is on verge of breaking out above 620
Will these stocks do what Century Textiles or Reliance Capital did? That only time will tell but one thing is for sure - these two stocks are on the active radar of traders right now. At least, that's what price action suggests
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