Breakout Stocks: How BLS International, Hindustan Copper and IRFC are looking on charts for Tuesday’s trade

economictimes.indiatimes.com:

Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high.

We have collated a list of three stocks that either hit a fresh 52-week high or saw a volume or a price breakout. We spoke to analyst Ankit Choudhary on how one should look at these stocks the next trading day entirely from an educational point of view:Here’s what the Co-Founder of Financial Independence Services has to say:IRFCIRFC has given a breakout from a ‘CUP and Handle’ pattern on the weekly and monthly charts and we could soon see a target of Rs 42 if it is able to cross its 52-week high of Rs 38.55.Hindustan Copper Hindustan Copper was up by 10% on Monday and has given a breakout from a ‘Cup and Handle’ pattern on the weekly charts.

If the stock is able to stay above 146.5, we can see a target of Rs 149.9 for intraday and Rs 159.9 for the swing trades. Note: The above levels are for learning purposes only, do consult your financial advisor before taking any positions.BLS International BLS International shot up 14% on Monday and gave a fresh breakout on the charts with a huge spurt in volumes as well.

We say 20 million volumes instead of the daily average of 4 million. It is an investment grade stock with the next target placed at Rs 267 and Rs 299 from the current levels of Rs 242.