Breakout Stocks: These stocks are trading with fresh breakout

While the Indian markets made all-time highs on Tuesday, the global markets are seen tumbling. The DJIA is down by more than 0.7 per cent, NASDAQ slips by more than 1 per cent while S&P 500 drops by 0.66 per cent on Tuesday, on an intraday basis. The markets may trade with some caution on Wednesday.  

Having said that few stocks that have shown some promise on Tuesday are KIMS, Titan and Adani Gas.  

KIMS: The newly listed companies are seen outperforming Nifty by the biggest margin in 7 years. KIMS is one of the IPO stocks of 2021 that is seen breaking out of its resistance zone and is sitting on gains of more than 10 per cent in the past 5 trading sessions alone. The stock is trading at the highest point since it got listed in June 2021. KIMS shares closed near the highest point of the day however the volume was missing in the counter when compared to the previous day’s trading session.  

Titan: The shares of Titan are trading in an intermediate uptrend and managed to close at the highest point of the days. The volume was lower in Tuesday’s trading session when compared to the Monday trading session. Titan managed to close at fresh 52-week highs.  

Adani Gas: The share price of Adani Gas jumped higher by 5 per cent on Tuesday trading session. The stocks after making several lower circuits traded sideways and now is seen breaking out of the trading range.