A strong positive breakout is seen in these stocks during volatile trading; do you hold any?

A strong positive breakout is seen in these stocks during volatile trading; do you hold any?

Henil Shah
/ Categories: Trending, Mindshare

Nifty 50 started the day down due to weak global trends. Continue reading to know about stocks that are experiencing a strong positive breakout.

Today's market opening was soft due to weaker global trends. The leading US indices on Wall Street finished in the red on Tuesday. This was due to data released ahead of the Federal Reserve's meeting in Jackson later this week. The data suggest that the economy was slowing.

 

At the time of writing, Nifty 50 was trading at 17,562.1, a decline of 15.40 points (0.09 per cent). Frontline indices appear to underperform broader markets. Nifty Mid-Cap 100 index jumped 0.17 per cent and Nifty Small-Cap 100 index climbed 0.45 per cent.

 

The advance-decline ratio appears to be excellent on BSE. Approximately 2,000 stocks were advancing, 1,321 stocks declining, and 158 remained unchanged.

 

According to the data as of August 23, FIIs were net purchasers while DIIs were net sellers. Foreign Institutional Investors (FII) purchased shares worth Rs 563 crore. DIIs (domestic institutional investors) sold shares worth Rs 215 crores.

 

The following stocks have seen a strong positive breakout in these uncertain times.

 

Stock Name

CMP (Rs)

Change (%)

Volume

Vinyl Chemicals (India) Ltd.

442.0

16.8

16,23,780

Apollo Pipes Ltd.

552.7

9.3

4,25,179

Nahar Spinning Mills Ltd.

363.9

8.4

1,13,518

Agarwal Industrial Corporation Ltd.

655.0

7.3

1,75,760

Apcotex Industries Ltd.

613.7

6.3

6,46,368

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