Breakout Stocks: How to trade HDFC Bank, Garware Technical Fibres and Deepak Fertilisers and Petrochemicals – Market Wrap

The stock has given a breakout with a strong candle, marking a 6% move in a single day, after continuously facing rejections from the resistance zone of Rs 4,693-4,785 for the last 10 days.

The potential target for the stock will be Rs 5,526 as T1, with a stop loss at the Rs 4,480 price level.

It has delivered strong performance over the past year, gaining 46.58%, and has risen 41% in the last six months.

The stock is experiencing notable buying pressure from investors and has crossed the 50-day moving average with high volumes.

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