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

Nifty 50 opened the week on a sombre note due to poor global trends. In this post, we have highlighted stocks that are experiencing a strong positive breakout.

Nifty 50 opened the week down at 18,246.4, compared to Friday's closing of 18,307.65. Weak global trends were the cause of this. Leading Wall Street indices had a rough session on Friday, with losses in energy stocks outweighing gains in defensive stocks. Investors ignored Fed policymakers' aggressive comments on rate hikes.

In overnight trade, Nasdaq Composite gained 1.1 per cent, Dow Jones surged 0.59 per cent, and S&P 500 jumped 0.48 per cent. Concerns over the potential economic impact of new Covid restrictions in China and the US monetary policy stance led to a lacklustre start for Asian peers on Monday.

Nifty 50 was trading at 18,166.85, down 140.8 points or 0.77 per cent, at 11:56 a.m. Broader market indices are beating frontline indices. Nifty Mid-Cap 100 index was down 0.05 per cent and Nifty Small-Cap 100 index surged 0.22 per cent.

According to November 18 statistics, FIIs were net sellers while DIIs were net buyers. Foreign Institutional Investors (FII) sold Rs 751.2 crore worth of shares. Domestic Institutional Investors (DII) purchased shares worth Rs 890.45 crore.

The following is a list of the top stocks experiencing a strong positive breakout.