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Several stocks break out while index remains weak, Afzal Lokhandwala notes

Several stocks break out while index remains weak, Afzal Lokhandwala notes
Stocks break out as index weakens

Afzal Lokhandwala, market commentator and trader at FinTwit / Social Media, observes that BHEL recently broke out following an orderly base and prior upward move. He adds that other stocks are also demonstrating strong performance in Stage 2 patterns.

However, Lokhandwala notes that index charts remain weak, signaling that a large portion of the market may still be under pressure.

Lokhandwala has recently tracked sharp market movements in individual stocks. He reported that PolicyBzr shares fell 34 percent despite strong customer feedback. He also confirmed an exit from a CXW trade with a limited loss to emphasize risk management.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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