STRONG BULLISH BREAKOUT STOCKS

 LAURUS LABORATORIES :-(Cmp. Rs.353.75)

LAURUS LABORATORIES formed a Cup & Handle pattern & breakout last week above Rs. 342 & clearly following 5th weave of Elliot wave chart,indicates price will rise with Final Target of Rs.422 keeping stop loss Rs.320 in short term. Strong support base @ Rs. 250, where recommended to

 Strong Buy again if corrected in worst market scenario.

In Sept'20 FII increased their stake significantly as chart below:

Number of FIIs/FPIs increased from 149 to 183 in Sep 2020 qtr.

RAIN INDUSTRIES :-(Cmp. Rs.127.40)

RAIN INDUSTRIES is at the verge of breakout  above CMP Rs. 127 after completing the left shoulder of Inverted H&S Pattern which was formed formed from 15 th Apr '2019. Above this breakout level 1st strong hurdle will be @ Rs. 150 (23.6% fibo retracement also) next target Rs.205-210 in Medium term.

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"Peter Lynch"

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DISTRIBUTION and LOGISTIC industry will be BLUSTED OUT because of Corona Virus Pandemic

Why logistics and distribution companies are in BOOMING ?

During the beginning phases of the pandemic, the business-to-business logistics market nearly halted. Supply chains were truly disturbed and new guidelines were quickly presented. On the other hand, the business to purchaser market has detonated similarly as with all shops shut, individuals in lockdown, went to the web to make their buys. Logistic organizations needed to rapidly quick track their development and advancement methodologies, while numerous immediately extended to a seven days per week activity, made huge interests in internet business, and individuals and resources needed to adapt to request.

In this scenario last week two fundamentally strong stocks, Transport Corporation India & VRL Logistic, are just  above their their breakout level.May watch out to add your Portfolio.

Transport Corporation India (CMP: Rs.254.95)

TCI from low of March'20 following uptrend channel. recently stock strongly breakout
downtrend line from Aug'18 & horizontal resistance line at Rs. 252.55.Above  current
market price , short term Target will be Rs.328 . Strong support Rs. 225 --215.