Small-Caps are now the flavour of the season, or at least of the current market setup. With these stocks outperforming the broader market, we took a look at some stocks that could be actionable trades with good risk-reward ratios.
We’ve broken down this post into two parts to do justice to the number of ideas we’re observing right now.
As the Small caps continue to outperform the market, the constituents belonging to this segment are expected to generate greater returns than the large-caps.
For now, it looks like this index is moving about in a market of its own. The next target that we’re tracking is 9,650 and the risk management level is 7,850.
Click on chart to enlarge view.
Now let’s take a look at some actionable ideas at current levels that look attractive on the long side for the next few weeks and months.
The first thing that stands out from this chart is the giant base that the stock is breaking out of! Just look at that, this is a 15-year breakout. 15 years! Balrampur Chini seems like it’s getting ready for a big move in the weeks and months ahead. The indicator is suggesting strength, price is breaking out of a giant base, and above a level with a lot of price memory. There are a lot of things going for this stock.
We are bullish above the level of 202, with a target near 310.
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