Affle India's stock has made a significant move on its weekly chart by breaking out of a three-year consolidation zone around the ₹1,515 mark. The stock has convincingly surpassed its previous high of ₹1,511, turning this resistance into a new support level at ₹1,500. The rally that began in March 2024 has been robust, breaking through key resistance levels at ₹1,400 and ₹1,511.
The bullish breakout from the consolidation zone indicates a potentially strong upward momentum, making Affle India a noteworthy stock for readers to track. ⦁ Bombay Burmah Trading Corp (BBTC) BBTC's stock price experienced a consolidation phase between ₹1,300 and ₹1,800 in the first half of 2024. However, the stock entered the year's second half with a remarkable rally, reaching ₹2,400 in July 2024.
The recent breakout above ₹2,400 suggests a resumption of the bullish trend, as the bulls take a breather before pushing the stock higher. This breakout positions BBTC as one of the top five breakout stocks in our list. ⦁ Jindal Saw Jindal Saw exemplifies the adage, "The trend is your friend," which is often cited in technical analysis.
According to Dow Theory, the stock follows a higher high—higher low pattern, a classic bullish trend on the daily chart. The breakout at ₹600 confirmed the rally, and a subsequent retest allowed bulls to enter the market, reinforcing the bullish momentum. The recent breakout at ₹670 suggests the stock could continue its northward trajectory.
Quess Corp stands out as an underperformer in a market dominated by stocks reaching all-time highs. However, what makes Quess Corp intriguing is its breakout from a long-term trendline resistance dating back to its all-time high of ₹1,244 in 2018. This 70-month breakout is
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