The Breakout Retest Play: 5 Stocks to Consider

1. Infosys INFY

● The stock has formed a Rounding Bottom pattern, and after the breakout, it rose significantly, reaching an all-time high near 1,990.
● Currently, the stock is trading slightly above the breakout level following a minor pullback.

➖ Best buy level: 1790 - 1830

2. ITC ITC

● The stock encountered resistance between the 470 and 480 levels multiple times.
● After breaking through this range, the price surged to an all-time high of 528.
● The price then faced rejection at this peak and has since retreated to the breakout level, where it is now rising again.

➖ Best buy level: 470 - 480

3. Lupin LUPIN

● The stock achieved a breakout after nearly nine years in August 2024.
● Following an initial upward movement, the stock price pulled back for a retest and is now trending upward once more.

➖ Best buy level: 2000 - 2050

4. Birlasoft BSOFT

● After breaking out of the Rounding Bottom pattern, the stock price surged to an all-time high of 856 before declining.
●The stock is currently trading at the breakout level, which appears to be a strong support.

➖ Best buy level: 550-560

5. Emami EMAMILTD

● After a prolonged consolidation, the stock developed an Inverted Head & Shoulder pattern.
● Following the breakout, the price surged to an all-time high of 860 but faced strong rejection from that level.
● The stock is now approaching a retest of the previous breakout level.

➖ Best buy level: 595 - 600