Breakout Stocks: How Jyothy Labs, TVS Motor and TaMo are looking on charts for Wednesday’s trade

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Sectorally, buying was seen in utilities, metal, power, and consumer durable stocks while selling was seen in FMCG, capital goods, realty, and banks. Stocks that were in focus on Tuesday include names like Jyothy Labs which rose 20% to hit a fresh 52-week high, TVS Motor gained nearly 6% and Tata Motors closed with gains of a little over 1% 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 Vivek Mashrani CFA on how one should look at these stocks the next trading day entirely from an educational point of view:Here's what the Director at Technofunda Ventures Private Limited has to say:Jyothy Labs After VCP pattern and base formation on it, Jyothy Labs gave good breakout and closed strongly.

One can look for a good follow-up move in Wednesday’s trade and the trend could possibly sustain. The near-term support is placed at Rs 249 and Rs 216.TVS Motor The stock gave a very good price-volume action on Tuesday and there is a good risk-to-reward ratio at current levels since the support is placed at Rs 1,367.

The stock could give a good follow-up move and can also offer a good pullback opportunity on the support zone.Tata Motors It has given a good breakout with average volume and the overall trend is also bullish. The near-term support for this stock is placed at Rs 633 and Rs 599.Analyst Disclaimer: SEBI RA: INH000012272 TECHNOFUNDA VENTURES PRIVATE LIMITED Financial Interest Analyst: No Analyst's Relative: No Analyst's Associate/Firm: No Financial Interest above 1% or more Analyst: No Analyst's Relative: No Analyst's Associate/Firm: No(Disclaimer: Recommendations, suggestions, views, and opinions given by experts