Today we bring to you two charts, which are most likely to breakout on the upside. These charts are identical and picturize similar price action formation. Once broken out of the channel these two scrips has the potential to move rapidly on the upside.
1. India Cements:
Having moved in a channel, the price has almost peaking out; however with volumes kicking in at the very fag end of the upper channel we believe it to breakout of the channel moving towards 135 - 150 levels.
2. CESC:
Similar chart to that of India Cements, here too the price action has been channelized and most likely a breakout on the upside is possible. The breakout implication for this stock would be around 640 - 660.
1. India Cements:
Having moved in a channel, the price has almost peaking out; however with volumes kicking in at the very fag end of the upper channel we believe it to breakout of the channel moving towards 135 - 150 levels.
2. CESC:
Similar chart to that of India Cements, here too the price action has been channelized and most likely a breakout on the upside is possible. The breakout implication for this stock would be around 640 - 660.
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