DSIJ Mindshare

However, when subjected to pattern analysis, it is seen breaking out from a falling trend line resistance which is bullish. The OBV (On Balance Volume) is already at a high before the actual price breakout.

On Monday, the frontline equity indices, i.e., Sensex and Nifty ended on a higher note, a day before the announcement of the Union Budget 2022. 

At close, the Sensex was up by 813.94 points or 1.42 per cent at 58,014.17 and the Nifty was up by 237.90 points or 1.39 per cent at 17,339.85. 

India VIX also crashed 5 per cent and it has settled below the 22 mark. With volatility abating and across-the-board buying interest witnessed on Tuesday, we have prepared a list of stocks that have the potential to outperform in the near term. These stocks are based on the T20 Breakout system.  

The Indian markets extended their nosedive further on Friday amid weak global cues and broad-based selloff across sectoral indices. Banking and Consumer Durables stocks weighed the most on pushing benchmarks Sensex and Nifty 50 off the cliff, while Pharma and IT stocks also contributed to the downside substantially. Today the FII net selloff was recorded at Rs -4,679.84 crore and DII Inflow Rs 769.26 crore was recorded.  

You must have heard of the proverb, ‘birds of a feather flock together’, similarly, all these companies from the metal sector have appeared in the T20 breakout system, which clearly indicates that this sector is likely to be in the limelight in the coming days.