A strong positive price-volume breakout is seen in these stocks; do you hold any?

A strong positive price-volume breakout is seen in these stocks; do you hold any?

Prajwal Wakhare
/ Categories: Trending, Mindshare

Bulls propel the Sensex 929 points higher, as the Nifty closes above 21,150; IT and real estate equities lead the way.

Indian stock markets closed higher on Thursday, with benchmark indices Sensex and Nifty closing higher by 1.34 per cent and 1.23 per cent respectively. The gains extended to Mid-Cap and Small-Cap indices as well, gaining 1.06 per cent and 0.62 per cent respectively. The overall market sentiment remained bullish, with advancing stocks outnumbering declining ones.

Amidst the Nifty 50 formed doji as a day candle, the Realty and Teck sectors bucked the trend, surging by 3.8 per cent and 2.72 per cent respectively. This positive performance suggests increased investor confidence in these sectors, likely driven by specific positive developments or broader economic optimism.

On the opposite side none of the sectors closed in red.

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized. A breakout happens when the stock price moves above the crucial resistance level or below the sacrosanct support level with increasing volume. The most important aspect is to focus on increasing volume when the important support and resistance levels are broken.

The following is a list of stocks with a strong positive breakout:

Sr. Stock Name Per cent Change Price Volume
1 Indian Railway Finance Corporation Ltd 10.96 92.65 47,59,75,248
2 Housing and Urban Development Corporation 11.74 111.35 19,37,17,874
3 Steel Authority Of India Limited 7.46 110.95 17,78,34,487
4 Ircon International Ltd 6.96 172.05 7,53,38,400
5 National Aluminium Company Limited 5.36 104.25 6,23,88,957
6 Sjvn Limited 5.29 97.45 5,92,00,486
7 Engineers India Limited 6.16 169.00 3,58,18,353
8 Indus Towers Ltd (Bharti Infratel) 7.00 201.05 2,34,51,544
9 Castrol India Limited 7.00 148.25 1,64,72,207
10 Swan Energy Limited 7.90 501.35 1,40,75,384
11 FSN E-Commerce Ventures Ltd 5.05 178.00 1,22,95,214
12 Texmaco Rail & Engineering Limited 6.06 170.65 1,12,90,611
13 Pnb Gilts Limited 5.13 101.35 1,08,38,426
14 Mahindra & Mahindra Financial Services Limited 6.50 289.35 98,35,137
15 Balmer Lawrie & Company Limited 5.94 180.00 79,45,134
16 Sonata Software Limited 7.30 776.30 47,48,663
17 Td Power Systems Limited 6.09 295.10 44,27,082
18 Sanghi Industries Limited 8.29 137.85 41,24,969
19 Star Cement Ltd 6.46 179.75 40,97,568
20 Pearl Polymers Limited 19.76 35.15 36,31,991

 

Disclaimer: The article is for informational purposes only and not investment advice.

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