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

Nifty 50 started lower on the back of negative global trends. In this post, we have highlighted stocks that have witnessed a solid positive breakout despite weak trends.

Nifty 50 began lower at 18,340.3, compared to its previous closing of 18,420.45. This was due to a lacklustre global trend. Leading Wall Street indices on Monday extended their losing run for the fourth successive session. This comes as investors choose to shun riskier bets while the US Fed maintains its aggressive posture, heightening worries of a recession.

In overnight trade, Nasdaq Composite tanked 1.49 per cent, Dow Jones Industrial Average dipped 0.49 per cent, and S&P 500 fell 0.9 per cent. Asian peers traded lower on Tuesday, following Wall Street's overnight weakness.

Nifty 50 was trading at 18,228.7 at 10:30 a.m., down 191.75 points or 1.04 per cent. Although downwards, broader market indices outpaced frontline indices. Nifty Mid-Cap 100 index declined 0.92 per cent while Nifty Small-Cap 100 index dropped 0.83 per cent.

The advance-decline ratio on the BSE was bleak, with 1891 stocks falling, 1337 rising, and 147 staying unchanged. On a sectoral level, all sectors traded in the red, with realty, PSU banks and media suffering the most.

According to December 19 statistics, FIIs were net sellers while DIIs were net purchasers. Foreign Institutional Investors (FIIs) sold Rs 538.1 crore worth of shares. DIIs (domestic institutional investors) purchased shares worth Rs 687.38 crore.

The following is a list of stocks experiencing a solid positive breakout.