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Breakout Stocks of the Week: Dlink India, Cyber Tech, Relaxo, Vidhi Specialty

Last Updated on January 3, 2022 at 12:10 pm

DLINK INDIA – Breaking Resistance

Dlink has broken 6 month old trading range / resistance. Volumes are exceptionally high in the stock.
We can expect a upside of  20-30 % in the stock and time frame could b 2-3 months.

Dlink India stock

CYBER TECH SYSTEMS – Breaking Resistance

Cybertech has broken resistance and is currently retesting it as support. With good support from volumes this stock is looking exceptional with a upside of around 20-30 % and time frame could be 2-3 months.

cyber tech systems stock

RELAXO – At Channel Support

Relaxo has been going in a upward channel and currently price is at the channel support. Also it is retesting the resistance as support so this chart represents confluence. Target is 25 % higher and time frame could be 2-3 months.

Relaxo stock

VIDHI SPECIALITY – Inverse Head & Shoulder

Vidhi Specialty has formed inverse head and shoulder pattern and currently price is retesting the neckline which is placed at 380.Stock is currently trading close to 52 week high and target is 30 % higher in time frame of 2-3 months. A tweezer bottom is also formed at the neckline which gives us more confidence in the setup.

Vidhi Specialty stock