Breakout Stocks of Week 18 @ NSE
NASDAQ was up last week (week 17) by 4.23% ending at 15,927.90 points after gaining 645.89 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Tata Chemicals Limited NSE:TATACHEM. This stock has had a buy signal since Apr 26, 2024 when the price was ₹1,122.00 , but have so far fallen 0% to ₹1,122.00. Some other companies are on our watchlist to, among these are Oracle Financial Services Software Limited NSE:OFSS Jupiter Life Line Hospitals Limited NSE:JLHL S.j.s. Enterprises Limited NSE:SJS and Krystal Integrated NSE:KRYSTAL which all got a breakout pattern emerging.
| Date | Company | Price | Week 18 |
|---|---|---|---|
| Tata Chemicals Limited | ₹1,122.00 | ₹1,090.80 | -2.78% |
| Oracle Financial Services Software Limited | ₹7,490.60 | ₹7,780.70 | 3.87% |
| Jupiter Life Line Hospitals Limited | ₹1,210.20 | ₹1,223.55 | 1.10% |
| S.j.s. Enterprises Limited | ₹612.45 | ₹612.65 | 0.0327% |
| Krystal Integrated | ₹765.00 | ₹756.95 | -1.05% |
The Tata Chemicals Limited stock price gained 0.83% on the last trading day (Friday, 26th Apr 2024), rising from ₹1,112.80 to ₹1,122.00. During the last trading day the stock fluctuated 1.46% from a day low at ₹1,116.15 to a day high of ₹1,132.50. The price has been going up and down for this period, and there has been a -1.4% loss for the last 2 weeks. Volume fell on the last day by -943 thousand shares and in total, 1 million shares were bought and sold for approximately ₹1.31 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Tata Chemicals Limited stock to perform well in the short-term.
About Tata Chemicals Limited:
Tata Chemicals Limited manufactures, sells, and distributes basic chemistry and specialty products in India, Europe, Africa, the United States, rest of Asia, and internationally. It offers dense and light soda ash; crushed refined soda; Portland and masonry cement under the Tata Shudh brand name; salt; pharmaceutical grade, food grade, and animal feed grade sodium bicarbonate, as well as technical and refined grade sodium bicarbonate; and allied chemicals, such as caustic soda, bromine-based products, and gypsum, as well as marine chemicals and nutrition solutions. In addition, it offers specialty products, including nano zinc oxides for various industrial and cosmetic applications; and silica. Further, the company provides fungicides, insecticides, pesticides, herbicides, plant growth nutrients, crop protection solutions, and seeds, as well as agri-input solutions; and runs farmer connect initiative under the Rallis Kisan Kutumb name. Its products are used in various industrial applications, such as agriculture; animal nutrition; chemicals; construction; food and nutrition; glass; high performance rubber; metals; oral care and cosmetics; paints, inks, and adhesives; pharmaceuticals; safety and environmen; soaps and detergents; textiles and leather; lithium-ion, dry cell, and other batteries; and others. Tata Chemicals Limited was founded in 1927 and is based in Mumbai, India.
The Oracle Financial Services Software Ltd stock price gained 4.87% on the last trading day (Friday, 26th Apr 2024), rising from ₹7,143.05 to ₹7,490.60. During the last trading day the stock fluctuated 5.39% from a day low at ₹7,140.00 to a day high of ₹7,525.00. The price has fallen in 8 of the last 10 days and is down by -10.72% for this period. Volume fell on the last day by -329 thousand shares and in total, 771 thousand shares were bought and sold for approximately ₹5.78 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Oracle Financial Services Software Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Oracle Financial Services Software Limited:
Oracle Financial Services Software Limited provides information technology (IT) solutions and business processing services to the financial services industry worldwide. It operates in two segments, Product Licenses and Related Activities; and IT Solutions and Consulting Services. The company offers Oracle FLEXCUBE, a banking solution for retail, corporate and investment banking, consumer lending, asset management, and investor servicing with payments; Oracle Banking Digital Experience, a digital banking solution; Oracle Financial Services Lending and Leasing, an asset finance solution; and Oracle Banking APIs that enables banks to build partnerships with third-party technology organizations. It also provides Oracle FLEXCUBE Universal Banking; Oracle Banking Platform; Oracle FLEXCUBE Investor Servicing; Oracle Banking Enterprise Limits and Collateral Management; Oracle FLEXCUBE for Islamic Banking; Oracle Banking Branch; Oracle Banking Origination; Oracle Banking Cash Management; Oracle Banking Liquidity Management; Oracle Banking Corporate Lending; Oracle Banking Supply Chain Finance; Oracle Banking Trade Finance; Oracle Banking Treasury Management; Oracle Banking Virtual Account Management; Oracle Banking Payments; Oracle Banking Corporate Lending Process Management; Oracle Banking Credit Facilities Process Management; Oracle Banking Enterprise Collections; and Oracle Banking Enterprise Originations. In addition, the company offers a suite of industry applications catering to the areas of risk, finance, treasury, front office, regulatory reporting, and compliance. Further, it provides Oracle Financial Services PrimeSourcing, a suite of consulting and application services; and Oracle Financial Services BPO Services for back-office work and contact center services. The company was incorporated in 1989 and is headquartered in Mumbai, India. Oracle Financial Services Software Limited is a subsidiary of Oracle Global (Mauritius) Limited.
The Jupiter Life Line Hospitals Limited stock price fell by -1.72% on the last day (Friday, 26th Apr 2024) from ₹1,231.35 to ₹1,210.20. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.13% from a day low at ₹1,169.40 to a day high of ₹1,229.40. The price has fallen in 8 of the last 10 days and is down by -4.26% for this period. Volume has increased on the last day by 161 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 185 thousand shares were bought and sold for approximately ₹223.93 million.
Jupiter Life Line Hospitals Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The S.j.s. Enterprises Limited stock price fell by -0.325% on the last day (Friday, 26th Apr 2024) from ₹614.45 to ₹612.45. During the last trading day the stock fluctuated 1.66% from a day low at ₹611.50 to a day high of ₹621.65. The price has fallen in 6 of the last 10 days and is down by -2.72% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 37 thousand shares were bought and sold for approximately ₹22.53 million.
S.j.s. Enterprises Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The Krystal Integrated stock price fell by -0.280% on the last day (Friday, 26th Apr 2024) from ₹767.15 to ₹765.00. During the last trading day the stock fluctuated 2.79% from a day low at ₹761.00 to a day high of ₹782.20. The price has fallen in 7 of the last 10 days and is down by -10.17% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -139 thousand shares and in total, 284 thousand shares were bought and sold for approximately ₹217.24 million.
Krystal Integrated holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
