Stocks Breaking out to Upside

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Dear Investor,

India stock market trend is sideways. It has not moved for last one month from the range I had drawn and I keep posting it all the time. It is just to give you perspective. I found few stocks that are breaking out to new high. These present best opportunities to hold on to for some time to come. These will less likely return profit in neat term but you have to adopt accumulation mode. Market does not have any clarity of what to do so it just moving up and down with no real sense of future prospect. Remember one thing, market does not pay for past performance, the entire game is based on future prospects. That is why sometimes companies that do not really make money today are highly valued and there companies that report great earnings get sold off. So always keep your eyes open for future prospects.

Above NIFTY chart has some kind of bullish touch to entire sentiment of trading. Especially if you note the green lines on the above chart. Basically market did nothing in last so many days but when market moves on upside there are massive volumes. People just jump in to buy stocks. So it has bullish touch.

India stock tip for this week is Bharti Airtel. This stock has been showing strength and right now its breaking out to new highs. It probably will pull back and forth but what you have to learn is that it is in uptrend. You buy stock in uptrend and just sit on it. Let the market do its dance. you stay with your pick.

Second India stock tip for this week is Everest Kanto, It appears to be ready to break on upside. Very long base, healthy volume and tight rang bound trading give signal to investors that breakout to upside is on cards. It the breakout does not succeed then it will not be good picture. I am pretty sure this one has potential though.

Surprise India Stock for tip is IDEA. I would like to know more about this one if anybody has more information. It is very appealing stock to hold.

IPCL just hit all time high. There is probability of more gains in future.

Pantaloon Retail is catching up with Bharti Retail. I see the chart pattern is very bullish and will break out soon to upside.

Thanks
India Stock Tips
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