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

Prajwal Wakhare
/ Categories: Trending, Mindshare
A solid positive price-volume breakout is seen in these stocks; do you hold them?

Are you trying to find strong stocks with a solid technical foundation? To find out more about these great stocks, read this article.

In Friday's trading session, both the Nifty and Sensex displayed a lack of direction, closing remained unchanged. Mid-caps remained largely stagnant, with Small-Caps managing to take out limited gains of 0.3 per cent.

Sector-wise, the day witnessed a mixed performance with a seesaw of red and green. Pharma stocks emerged as the day's top performers, boasting a gain of 0.9 per cent, closely followed by Metal stocks, which secured a 0.7 per cent increase. On the flip side, the Information Technology sector experienced a notable dip of 1 per cent, while FMCG stocks also faced a 0.5 per cent reduction.

In overnight trade of Friday, the Nasdaq Composite dropped 0.12 per cent, Dow Jones rose 0.33 per cent, and S&P 500 remained flat 0.06 per cent.

The advance-decline ratio on the BSE was negative, with 1,752 stocks rising, 1,948 falling, and 114 staying unchanged.

According to November 24 statistics, both FIIs and DIIs were net buyers. Foreign Institutional Investors (FIIs) bought Rs 2,625.21 crore worth of shares. Domestic Institutional Investors (DIIs) invested Rs 134.46 crore in shares.

Solid stocks experiencing excellent trading setups are listed below:

Company Name

Per cent Change

Price

Volume

Bharat Heavy Electricals Limited

6.66

152.25

10,97,49,908

New India Assurance Company Ltd

19.98

209.00

3,48,62,627

General Insurance Corporation of India

16.46

307.10

2,43,75,853

Life Insurance Corporation of India

9.71

677.65

1,89,97,036

Mangalore Refinery And Petrochemicals Limited

4.21

118.90

1,12,65,057

Sun Pharma Advanced Research Company Limited

6.14

273.05

1,09,61,383

Adani Power Limited

4.06

397.20

91,34,805

Granules India Limited

4.62

387.20

78,34,685

Fineotex Chemical Limited

10.24

359.65

51,78,405

 

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

DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.

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