Breakout Radar–Dr Reddys, Jindal Steel, MGL, National Aluminium

A quick look at a few interesting charts for coming weeks.

Posting only large caps.

Smallcaps, midcaps have been in a strong run and continue to be also. But one needs to be nimble and strict with stoplosses going forward in the broader markets.


Dr Reddys – Finally breaks out

Dr Reddys Labs


A lot of Steel stocks have given shorter term breakouts – Tata Steel, sail, jsw steel and others.

Jindal Steel looks the best risk reward



Good correction from recent highs.
Base and consolidation.
Now back towards recent highs possibly.


Jindal Steel Blog


Disclosure – Above two recommended in QuickGains F&O ( we can exit any time as holding periods are a few days for us in this product)


National Aluminium – Eventually can be a good catch up trade if it can breakout above 76

Would you pre-empt this one ?

Nalco blog


MGL – Can it breakout.

MGL charrt


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