Breakout Stocks: How to trade BSE, Oberoi Realty and Aptus Value on Tuesday

Sectorally, buying was seen in capital goods, consumer durables, IT, realty and banks while selling was seen in oil & gas and metal stocks.

Stocks that hit fresh record highs include names like BSE which rose nearly 7%, Oberoi Realty that jumped 4% and Aptus Value Housing Finance India Ltd, which closed with gains of over 7%.

We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view:

Here’s what Priyanka Limaye (CA, CMT) has to say:

This stock has been just unstoppable. It is now heading towards high probability higher targets of 5,400 and 5,650.

Volume was good in Monday’s session. RSI is in Super bullish zone. Support stands around 4,500.

After a consolidation of about 4 months on Monday, this stock has made a new high.

Sustaining above 1,952 is important for it to take the stock towards its higher target of 2,250.

Volume was very good in Monday’s session. Technical indicators are positively aligned. Support stands around 1,900.

In February this year, this stock has marked a high of 392 and since then it has been consolidating in a lower band of 360-300.

In Monday’s session, it has given a higher high above 392. Now it needs to sustain above 392 for higher targets of 450 and 490.

On Monday, the volume was good. RSI and other technical indicators should align positively to push the stock higher. Support now stands around 350.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)