Dont miss action in these quality stocks on the verge of breakout!

The BSE Sensex has slipped by ~2 per cent in the past one week. The mid-caps have outperformed the frontline indices in the past 5 trading sessions. A pullback can be expected in the frontline indices after a ~4 per cent fall from its recent highs.

 Following stocks trading close to breakout zones should be on momentum investor and traders watchlist: 

1.    Minda Industries: On weekly chart the shares of Minda Industries have bounced from the 9DMA, and the RSI is trending upwards. The stock has attempted to cross Rs 800 levels several times. In case the shares of Mind Industries trade above Rs 800- 802 zone, Minda Industries may gain price momentum and outperform markets. The stock has seen higher volume on the days when share price has gained while the volumes dried when the share price has fallen. 

2.    Motilal Oswal Financial Services: The shares of Motilal Oswal Financial Services have attempted to close above the 950 levels at least on three occasions in October, however the share prices have reversed from Rs 950 levels. The earnings declared by the company has been above estimate and the stock of Motilal Oswal Financial Services is trading above all the key moving averages with rising RSI. The shares of Motila Oswal Financial Services may gain momentum above Rs 950 per share if it trades with higher volume.

3.    Triveni Turbine: The shares of Triveni Turbine can be expected to outperform as a long green candle was formed on Friday with rising volume. The stock managed to close at all time high levels after the company declared positive set of numbers and declared dividend. 

4.    Escorts: The shares of Escorts made a fresh 52 week high on Friday when the frontline indices tumbled. The positive momentum in Escorts shares ahead of the earnings should not be ignored by the momentum investors and traders.

5.    Greenpanel Industries: The shares of Greenpanel Industries gave a positive closing on Friday despite Sensex slipping by more than 600 points. Greenpanel Industries will be declaring the results on November 1. The stock climbed higher by ~5 per cent and displayed a Marubozu candle pattern, indicating bullishness.