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

AN Stock Academy

28 Apr 202409:17

Summary

TLDRIn 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.

Outlines

00:00

📈 Breakout Stocks and Swing Trading Opportunities

The video introduces five stocks that have the potential to provide returns between 10% to 15% in the short term. The first stock discussed is Westlife Development, which is currently trading around 886. The stock has been trading below an important resistance trend line and has now broken out above it, as well as above the 50 and 200 moving averages. The video suggests that there's a high chance the stock could reach its previous all-time high around the 1000 level. The stock is recommended to be bought between 848 and 870 with targets at 910, 941, and above 1000 for the short term, with a strict stop loss at 805.

05:01

📊 NLC India - A Promising Swing Trading Stock

The second stock highlighted is NLC India, which has also broken out above an important resistance trend line. Despite not showing significant heavy volume previously, the stock displayed heavy volume during the Friday session, indicating a strong breakout. The video suggests that if the breakout is sustainable, the stock could reach levels around its previous all-time high of approximately 292. The stock is currently trading above both the 50 and 200 moving averages, which is a positive sign. It is recommended to buy the stock between 1 and 10, with a first target above 2000, which could be achievable in the short term, and a strict stop loss at an unspecified level.

Mindmap

Keywords

💡Breakout Stocks

Breakout stocks refer to shares that have moved beyond a period of consolidation or a trading range, indicating a potential significant price movement. In the video, the speaker discusses several stocks that have shown breakouts, suggesting they could provide high returns in the short term.

💡Swing Trading Stocks

Swing trading stocks are those selected for trades that typically hold for a few days to a few weeks. The speaker is focusing on stocks that can provide returns ranging from 10% to 15% over a short period, which is the essence of swing trading.

💡Westlife Development

Westlife Development is mentioned as the first swing trading stock in the video. The speaker discusses its trading price and technical analysis, indicating it as a potential stock to consider for short-term gains. It is an example of a breakout stock that the speaker is highlighting.

💡Technical Analysis

Technical analysis involves studying historical price patterns and trends to predict future market behavior. The video heavily relies on technical analysis to identify stocks that have broken out of important resistance levels, such as Westlife Development trading above its 50 and 200 moving averages.

💡Moving Averages

Moving averages are widely used indicators in technical analysis that help smooth out price data by creating a constantly updated average price. The video mentions the 50 and 200 moving averages, which are used to identify the trend direction and potential support or resistance levels.

💡Resistance Trend Line

A resistance trend line on a stock chart connects the high points and shows the level at which the price has previously struggled to move higher. The video discusses how the stocks mentioned have broken above important resistance trend lines, signaling a potential bullish move.

💡Volume

Volume refers to the number of shares traded in a security during a given period. The speaker notes the significance of heavy volume on a particular trading day, suggesting it as a confirmation of the breakout's validity and a potential indicator of further price movement.

💡Stop Loss

A stop loss is an order placed with a broker to sell a security when it reaches a certain price. It is used to limit an investor's loss on a position. The video emphasizes setting a strict stop loss for each stock discussed to manage risk effectively.

💡Target Levels

Target levels are the price points at which an investor expects to sell a security for a profit. The speaker provides specific target levels for the stocks discussed, indicating the potential profit an investor might aim for after entering a trade.

💡Inverted Head and Shoulders Pattern

An inverted head and shoulders pattern is a bullish reversal pattern that signals an upcoming increase in the price of a stock. The video mentions this pattern as a positive sign for one of the stocks, suggesting that it could confirm a breakout if the pattern is followed by a closing price above its neckline.

💡Educational Purpose

The video is described as being for educational purposes, meaning it is intended to teach and inform viewers about stock trading strategies and should not be taken as financial advice. The speaker reminds viewers to conduct their own research before making any trading decisions.

Highlights

Welcome to Stock Academy, where the host discusses five breakout stocks and swing trading stocks that can provide a return of 10 to 15 percent in the short term.

The first swing trading stock discussed is Westlife Development, which is currently trading around 886 and has shown a significant breakout from important resistance trend lines.

The stock has broken out above both the 50-day moving average (red line) and the 200-day moving average (green line), indicating a positive trend.

There's a high chance that Westlife Development could reach its previous all-time high level around 1000.

The stock is trading above the daily 50 and 200 moving averages, which is a positive sign for potential upward momentum.

The stock saw heavy volume on Friday's session, which could indicate a strong breakout.

Trading entry points for Westlife Development are suggested between 848 and 870, with targets at 910, 941, and above 1000 for the short term.

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, showing potential for growth.

NLC India's price is trading above the daily 50 and 200 moving averages, which is a bullish signal.

The stock has a high chance of reaching its previous all-time high near 292 if the breakout sustains.

The stock's trading range is between ₹1 and ₹64, with a first target above ₹2000 for short-term gains.

A strict stop loss for NLC India is set at the level of 236, to be followed for risk management.

The third stock discussed has shown three breakouts and is currently trading around ₹64, with a significant breakout above the 50 and 200 moving averages.

The stock has a high probability of reaching the level of 736 in the coming days.

The stock has closed above an important resistance level, which is a positive sign for future price action.

The trading entry points for this stock are between ₹10 and ₹45, with targets at 6682, ₹6, and above ₹7749 for the short term.

A strict stop loss at ₹1 is advised for this stock to manage potential risks.

The last stock, LO Industries, has broken out from an important resistance formed around March 30, 2022, and is trading above the daily 50 and 200 moving averages.

The stock has a high chance of reaching the level of 746 if it continues to trade above 636 for several days.

The video emphasizes the importance of conducting personal research before trading in any stock and clarifies that the content is for educational purposes only.