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

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

Prajwal Wakhare

Most sectors closed higher, with BSE Realty gaining 2.52 per cent, BSE IT up 1.93 per cent, BSE Teck stocks rising 1.75 per cent, and BSE Metal stocks seeing gains of 1.92 per cent.

Indian equity markets rose by 0.34 per cent on Friday, the Nifty 50 and BSE Sensex closed at 21,349 and 71,106 respectively. Mid-Caps gained 0.74 per cent, while Small-Caps zoomed 1.04 per cent. The 46 stocks were advancing against every 25 declining stocks on Friday.

Most sectors closed higher, with BSE Realty gaining 2.52 per cent, BSE IT up 1.93 per cent, BSE Teck stocks rising 1.75 per cent, and BSE Metal stocks seeing gains of 1.92 per cent.

Top 3 price-volume breakout stocks

HFCL Ltd demonstrated robust performance, opening at Rs 77.7 and reaching a high of Rs 83.5. The stock experienced a low of Rs 77.1 before settling at the current market price (CMP) of Rs 81. This represents a notable increase of 5.82 per cent from the previous close of Rs 77.3. The market capitalization for HFCL Ltd stands at Rs 11,705.16 crores.

HFCL-2023-12-22-17-29-56

Gail (India) Ltd exhibited impressive intraday movements, initiating the day at Rs 142 and reaching a peak of Rs 153.15. The stock's intraday low was Rs 141.1, and it closed at Rs 151.2, reflecting a substantial gain of 7.46 per cent over the previous close of Rs 140. The market cap for Gail (India) Ltd is currently valued at Rs 99,616.04 crores.

GAIL-2023-12-22-17-32-45

Castrol India Limited also delivered a strong intraday performance. The stock opened at Rs 152.9 and soared to a high of Rs 167.15, with a low of Rs 152.05 during the trading day. The closing price stands at Rs 162.4, showcasing a remarkable increase of 7.05 per cent from the previous close of Rs 151. The market capitalization for Castrol India Limited is presently valued at Rs 16,072.66 crores.

CASTROLIND-2023-12-22-17-35-33

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

Sr.

Stock Name

Per cent Change

Price

Volume

1

Himachal Futuristic Communications Limited

6.08

82.00

9,61,87,557

2

Gail (india) Limited

7.68

151.50

8,47,84,192

3

Castrol India Limited

7.15

162.55

3,95,54,895

4

Piramal Pharma Ltd

9.00

140.50

3,77,13,254

5

Pc Jeweller Limited

8.51

51.65

2,86,99,003

6

Wipro Limited

6.60

462.65

2,30,40,407

7

Balmer Lawrie & Company Limited

19.98

224.90

2,21,08,556

8

Nlc India Limited

6.37

223.90

1,67,72,033

9

Salasar Techno Engineering Ltd

5.51

68.00

1,49,19,110

10

Allcargo Logistics Limited

7.74

307.00

79,78,586

11

Snowman Logistics Limited

5.79

63.00

72,79,353

12

Shyam Metalics & Energy Ltd

6.38

608.40

61,07,450

13

TRACXN

6.32

116.05

60,12,409

14

Transformers And Rectifiers (india) Limited

18.58

224.05

55,77,844

15

Xchanging Solutions Limited

5.80

113.15

35,64,012

16

Mukand Limited

12.08

195.75

31,56,891

17

Gallantt Metal Limited

7.48

141.45

29,18,803

18

Antony Waste Handling Cell Ltd

9.65

488.80

27,20,819

19

Supriya Lifescience Ltd

7.39

297.05

26,76,310

20

Kamdhenu Ventures Ltd

9.63

177.05

26,70,456

 

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

DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

Previous Article Low PE multibagger penny stock below Rs 70: This micro-cap company bags new orders worth Rs 14,38,80,300 from National Highway Authority of India!
Next Article 1,000 per cent multibagger returns in this micro-cap stock; Board announces bonus shares & stock split!
Rate this article:
4.3

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR