Stocks of the same sector move together. In 2019, the theme that’s attracting lots of buying: Hospital and Healthcare Services Stock.
1. Apollo Hospitals on verge of a breakout
Source: Chartalert.com
Do not jump at this breakout buy and ride investment for now. Let it breakout and confirm it before jumping on to the stock.
2. Narayana Hrudalya on verge of a breakout
Source: Chartalert.com
The stock has yet to breakout but considering the direction in which the wind is blowing, it’s just a matter of time before this stock breaks out too.
3. Dr LalPath Labs breakout – Absolute must buy on declines
Source: Chartalert.com
The stock has broken out decisively and one should patiently wait for any declines before buying the stock.
4. Metropolis Momentum – Good buy on declines
Source: Chartalert.com
The stock has made a nice trending move and every pullback to the moving average is attracting lots of investor interest.
5. Thyrocare – The wind is blowing in the right direction – the stock makes a large candle move
Source: Chartalert.com
Thyrocare stock has made a big move and it seems momentum will continue.
Breakouts are not meant for Short term trading. They are usually BUY AND RIDE stocks with a 9-24 month holding period. These stocks are meant to deliver huge returns and trading them for 15-20% will not serve any purpose. Add a few stocks from this sector in your core portfolio and then weed out losers and ride the winners
The article has been written purely for educational purposes.
Chemicals too getting ready