Breakout Stocks of Week 30
NASDAQ was up last week (week 29) by 2.84% ending at 14,836.99 points after gaining 409.75 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 DCM Limited NSE:DCM. This stock has had a buy signal since Jul 22, 2021 when the price was ₹42.10 and is so far up 2.97% to ₹43.35. Some other companies are on our watchlist to, among these are Orient Bell Limited NSE:ORIENTBELL Whitehaven Coal Limited ASX:WHC Torrent Pharmaceuticals Limited NSE:TORNTPHARM and Voltas Limited NSE:VOLTAS which all got a breakout pattern emerging.
| Date | Company | Price | Week 30 |
|---|---|---|---|
| Dcm Limited | ₹43.35 | ₹55.20 | 27.34% |
| Orient Bell Limited | ₹357.70 | ₹356.25 | -0.405% |
| Whitehaven Coal Limited | $2.24 | $2.22 | -0.89% |
| Torrent Pharmaceuticals Limited | ₹3,043.20 | ₹3,071.10 | 0.92% |
| Voltas Limited | ₹1,045.40 | ₹1,059.20 | 1.32% |
The DCM Limited stock price gained 2.97% on the last trading day (Friday, 23rd Jul 2021), rising from ₹42.10 to ₹43.35. During the last trading day the stock fluctuated 4.27% from a day low at ₹42.15 to a day high of ₹43.95. The price has risen in 5 of the last 10 days and is up by 9.89% over the past 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 65 thousand shares were bought and sold for approximately ₹2.84 million. 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.
DCM Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About DCM Limited:
DCM Limited, together with its subsidiaries, primarily engages in the grey iron casting and real estate businesses in India and internationally. The company manufactures and supplies grey iron castings for automotive market, such as cars, multi-utility vehicles, tractors, light commercial vehicles, heavy commercial vehicles, and earth moving equipment. It also develops a real estate site located at Bara Hindu Rao/Kishan Ganj, Delhi; and provides IT infrastructure services. The company was formerly known as Delhi Cloth & General Mills Co. Limited and changed its name to DCM Limited in October 1983. DCM Limited was incorporated in 1889 and is based in Delhi, India.
The Orient Bell Limited stock price gained 3.79% on the last trading day (Friday, 23rd Jul 2021), rising from ₹344.65 to ₹357.70. During the last trading day the stock fluctuated 9.99% from a day low at ₹335.50 to a day high of ₹369.00. The price has risen in 7 of the last 10 days and is up by 10.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 113 thousand more shares were traded than the day before. In total, 139 thousand shares were bought and sold for approximately ₹49.57 million.
Orient Bell Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Orient Bell Limited:
Orient Bell Limited manufactures, trades in, and sells ceramic and floor tiles in India and internationally. It offers vitrified, ceramic, porcelain, designer, anti-skid, digital, double charge, GVT, cool, highlighter, PGVT, full body vitrified, polished vitrified, germ free, DGVT, forever, double glazed vitrified, stain resistant, nano, printed double charge, non-digital, Kerinox, and anti-static tiles. The company provides tiles for various applications, including bathrooms, kitchen, parking, elevation, bedrooms, outdoor, terrace, living room, balcony, swimming pools, porch, office, pathway, dining room, commercial, bar, restaurant, hospital, accent, automotive, schools, traffic, and stairs. It sells its products through channel partners. Orient Bell Limited was incorporated in 1977 and is headquartered in New Delhi, India.
The Whitehaven Coal Limited stock price gained 0.90% on the last trading day (Friday, 23rd Jul 2021), rising from $2.22 to $2.24. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.13% from a day low at $2.18 to a day high of $2.27. The price has risen in 6 of the last 10 days and is up by 10.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $25.05 million.
Whitehaven Coal Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Whitehaven Coal Limited:
Whitehaven Coal Limited develops and operates coal mines in New South Wales and Queensland. The company operates in two segments, Open Cut Operations and Underground Operations. It produces metallurgical and thermal coal. The company operates four mines in the Gunnedah Coal Basin in North West New South Wales, three open cut mines at Maules Creek, Tarrawonga, and Werris Creek; and one underground mine at Narrabri. It sells its coal in Japan, Taiwan, Korea, India, Malaysia, Thailand, New Caledonia, Indonesia, Vietnam, the Philippines, China, and internationally. Whitehaven Coal Limited was founded in 1999 and is based in Sydney, Australia.
The Torrent Pharmaceuticals Limited stock price gained 0.98% on the last trading day (Friday, 23rd Jul 2021), rising from ₹3,013.55 to ₹3,043.20. During the last trading day the stock fluctuated 2.44% from a day low at ₹2,995.95 to a day high of ₹3,069.00. The price has been going up and down for this period, and there has been a 3.32% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 91 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately ₹695.60 million.
Torrent Pharmaceuticals Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Torrent Pharmaceuticals Limited:
Torrent Pharmaceuticals Limited engages in the research, development, manufacturing, and marketing of generic pharmaceutical formulations in India, the United States, Germany, Brazil, and internationally. It offers products in various therapeutic areas, including cardiovascular, central nervous system, gastrointestinal, women healthcare, diabetology, pain management, gynecology, oncology, and anti-infective, as well as provides vitamins, minerals, and nutrients. The company also provides contract manufacturing services. It has licensing collaborations of Baricitinib, Molnupiravir, and Paxlovid for its Covid portfolio. Torrent Pharmaceuticals Limited was formerly known as Trinity Laboratories and changed its name to Torrent Pharmaceuticals Limited in 1971. The company was founded in 1959 and is based in Ahmedabad, India. Torrent Pharmaceuticals Limited is a subsidiary of Torrent Investments Private Limited.
The Voltas Limited stock price fell by -0.362% on the last day (Friday, 23rd Jul 2021) from ₹1,049.20 to ₹1,045.40. During the last trading day the stock fluctuated 1.24% from a day low at ₹1,043.10 to a day high of ₹1,056.00. The price has risen in 6 of the last 10 days and is up by 3.33% over the past 2 weeks. 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 -490 thousand shares and in total, 432 thousand shares were bought and sold for approximately ₹451.95 million.
Voltas Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Voltas Limited:
Voltas Limited operates as an air conditioning and engineering company primarily in India, the Middle East, Singapore, and internationally. It operates through three segments: Unitary Cooling Products for Comfort and Commercial Use; Electro-Mechanical Projects and Services; and Engineering Products and Services. The company manufactures, sells, and services cooling appliances and cold storage products, such as air conditioners, air coolers, freezers, visi coolers, water dispensers, variable refrigerant flow, and chillers. It also undertakes electro-mechanical projects, including electrical; heating, ventilation, and air conditioning projects; and plumbing, firefighting, extra low voltage, and specialized activities. In addition, the company provides facilities maintenance and hard services, such as operations and maintenance contracts in various sectors, AMCs, retrofits and energy management, etc. Further, it engages in the provision of water treatment solutions for industrial, oil and gas, and sewage segments; sale and service of capital machinery for textile industry; sale of spares and accessories for textile equipment; and sale of mining and construction equipment. Additionally, the company offers operations and maintenance services for mining and construction industry; manufactures ducts and duct accessories; and undertakes engineering, procurement, and construction projects. It also engages in the drilling, irrigation, and landscaping activities; and construction of water treatment plants. Voltas Limited was incorporated in 1954 and is headquartered in Mumbai, India.
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.
