Trading Range Breakouts on Radar –Apollo Tyres,NMDC,Motherson Sumi, Zee,ONGC and Hindustan Oil Exploration

Quite a few stocks making a sideways range for last 10 days and 2 months. Some of them near breakouts. Such a trade is supposed to be with strict stops.

The reason to post these charts is a lot of these charts if they sustain higher implies some sort of stock specific bottom formations happening.

Apollo Tyres – Last 10 days range break.

Apollo Blog

ONGC – 80-81 a critical resistance.

ONGC blog

Hindustan Oil Exploration – Good Volumes

Hind Oil Blog

Motherson Sumi – Good contraction and breakout.

Motherson

Zee Limited – Watch for 172-174. Stop 155

Zee Blog

NMDC – Small range breakout but volumes and price action needs to pick up.

NMDC blog

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My Topic - The Next Bull - Identifying Bottoming Out Patterns after a Bear Market. For Bear Market Summit 2020. Registration Link – Has interesting set of speakers.

Do Read this post if you have not.

Opportunities in Bear Markets and Consolidations post 1992, 2000, 2008 and 2020.

 

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