5 Breakout Stocks for Tomorrow | Swing Stocks | Top Breakout Stocks | Intraday Stock | 29 APRIL 2024

Summary

In this educational video, the speaker discusses five breakout stocks and swing trading stocks that have the potential to offer returns ranging from 10% to 15% in the short term. The first stock highlighted is West Life Development, which is trading around 886 and has recently broken out of important resistance trend lines and moving averages, indicating a positive momentum. The second stock is NLC India, which has also broken out of a significant resistance trend line and is trading above its 50 and 200-day moving averages, suggesting a bullish trend. The remaining three stocks are also discussed with their respective breakout points, trading levels, and potential targets for short-term gains. The speaker emphasizes the importance of conducting personal research before investing in any stock and stresses that the video is for educational purposes only, not a recommendation to buy or sell.

Takeaways

• 📈 The first swing trading stock discussed is Westlife Development, which is trading around 886 and has broken out from important resistance trend lines and moving averages (50 and 200).
• 🎯 Westlife Development has a potential to reach previous all-time high levels around 1000, with daily trading above the 50 and 200 moving averages indicating a positive momentum.
• 📊 The stock has experienced heavy volume during the Friday session, suggesting a strong breakout. Entry is suggested between 848 and 870, with targets at 910, 941, and above 1000 for short-term gains.
• 🚫 A strict stop loss at 805 is advised for risk management.
• 📌 The second stock, NLC India, has also broken out from an important resistance trend line and is trading positively above the 50 and 200 moving averages.
• ✅ NLC India has shown heavy volume on Friday, indicating potential for reaching previous all-time high levels around 292.
• 🔢 Entry for NLC India is suggested between ₹1 and ₹64, with targets above ₹2000 for short-term gains and a strict stop loss.
• 📉 The third stock has broken out from below the 50 and 200 moving averages and is trading around ₹64, with a significant breakout on Friday.
• 🎯 This stock has a target of ₹196 as the first target, ₹1 as the second, and above ₹7736 as the third for short-term gains, with a stop loss at ₹641.
• '🏗️ The fourth stock, LO Industries, has broken out from an important resistance level established around March 30, 2022, and is trading above the 50 and 200 adjusted moving averages.
• ⏳ If LO Industries continues to trade above ₹636 for several days, it has high chances of reaching the level of ₹746 quickly.
• 📍 Entry for LO Industries is suggested between ₹10 and ₹45, with targets at 6682, ₹6, and above ₹7749 for short-term gains, and a stop loss at ₹1.
• ⚠️ The video is for educational purposes only and viewers are encouraged to do their own research before making any trading decisions.

Q & A

What is the main topic of the video?

The main topic of the video is discussing five breakout stocks and swing trading stocks that can provide a return of 10 to 15 percent in the short term.

Which stock is mentioned first in the video?

The first stock mentioned in the video is Westlife Development.

What is the approximate trading price of Westlife Development as per the video?

Westlife Development is trading around 886, as per the video.

What is the significance of the stock trading above the 50-day and 200-day moving averages?

Trading above the 50-day and 200-day moving averages is considered a positive sign for the stock, indicating a higher chance of a bullish momentum rally in the upcoming days.

What is the recommended entry price range for Westlife Development?

The recommended entry price range for Westlife Development is between 848 and 870.

What is the stop loss for Westlife Development mentioned in the video?

The strict stop loss for Westlife Development mentioned in the video is 805.

What is the second stock discussed in the video?

The second stock discussed in the video is NLC India.

What is the pattern that is forming in the second stock, NLC India?

An inverse head and shoulders pattern is forming in NLC India, which is considered a bullish signal if the breakout is sustainable.

What is the entry price range suggested for NLC India?

The suggested entry price range for NLC India is between ₹1 and ₹2.

What is the significance of a stock trading above its previous all-time high?

When a stock trades above its previous all-time high, it indicates a strong bullish trend and potential for further price increases.

What is the advice given at the end of the video regarding the discussed stocks?

The advice given at the end of the video is to conduct one's own research before trading in any of the discussed stocks, as the video is for educational purposes only and not a recommendation to buy or sell.

What is the importance of heavy volume during a breakout in a stock?

Heavy volume during a breakout indicates strong buying interest and can confirm the breakout's validity, suggesting that the stock may continue to rise.