Breakout Stocks: How Ratnamani Metals, Firstsource Solutions and HDFC Bank are looking on charts for Tuesday’s trade

economictimes.indiatimes.com:

Sectorally, buying was seen in banks, the public sector, energy, and oil & gas stocks while selling was seen in auto, realty, and telecom stocks. Stocks in focus on Monday included names like Ratnamani Metals (that rose more than 7%), Firstsource Solutions (that gained over 4%) and HDFC Bank (closing over 2% higher).

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:HDFC Bank HDFC Bank has delivered a good set of numbers on Monday and has given a strong closing above its last 6 days closing price.

After the merger, HDFC Bank has the highest weightage in both Nifty and Bank Nifty, and is a highly recommended stock for the portfolio. HDFC Bank has been unable to stay above its ATH levels.

Once we see a fresh breakout, it can see targets of 1800 plus and it could take Nifty and BANK Nifty to fresh highs. We are expecting that most of the brokerages will come out with upgrades on HDFC Bank and hence we have shared it as an intraday call with our clients.First Source Solutions It has been in a range for a long time now on daily charts, if it is able to stay above Rs 142, we can see targets of Rs 150 and Rs 180 soon as it is on the verge of giving a range breakout with good volumes.Ratnamani Metals It has given a Pole and Flag pattern breakout on weekly charts and if it is able to sustain above Rs 2,670, we can see another Rs 200 up move.(Analyst Disclaimer: All charts are shared for learning purposes only and we strongly recommend you consult your