Multi Year Breakouts - Stocks that sleeps for multiple years and starts breaking out, have larger potential to give multi fold returns. #Reliance once broke out from its 8 years range, returned 200%. #StocksToWatch
#PVR is another example, once it broke from 7 years range, it ended up giving more than 4x returns. There are many such examples, where stocks breaking multi year resistance has given higher returns.
Let's see what are the list of stocks that has broken its multi year resistance recently. #TATACOMM has broken 12 years range, where it was trading between 200 to 800 levels for 12 years, finally broke out and trading at all time high price. Can expect more high in coming weeks
#TANLA stock has broken from its 13 years of range and trades at all time high now. risky bet, but it could be worth it.
#MCX has broken its 8 years resistance recently and trading at all time high now, can expect more upside with MCX stock.
#FSL - Another stock that broken its 13 long year resistance level and currently trades at all time high price. Firstsource Solutions has higher potential move up if the trend continues.
These are some of the notable stocks that were sleeping for a longer period, now woke up and broken its multi year resistance.
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