BTST breakout stocks to watch out for!

Nifty has hit a fresh all-time high on Wednesday and is comfortably trading above the 17,500 levels. The broader market indices are also witnessing buying interest with Nifty Midcap 100 and Smallcap 100 advancing 0.92 per cent and 0.55 per cent, respectively.   

The market breadth is clearly inclined towards advances. Among the sectoral indices, barring Nifty Media and Nifty FMCG, all other indices were seen trading in green with Nifty PSU Bank being right at the top of the tables.   

Bank of Baroda: The stock is seen trading a little over 3 per cent while the volume for the day is greater than its prior trading session. Furthermore, in the last couple of hours, the stock has seen good volume.   

Coal India: The stock has seen good volume as well as price activity in the last couple of hours and with this, it is trading near its day’s high. Moreover, the stock is nearing a stage-1b cup breakout.   

State Bank of India (SBI): The stock has recorded one of the best single-day gains in over the past two weeks and is seen trading near the day’s high along with a spurt in the volume.   

Max Financial Services (MFSL): The stock is seeing good buying activity in the last couple of hours. Moreover, it has witnessed a breakout of ascending triangle breakout on the lower timeframe. Besides, on the daily chart, the stock is approaching the breakout of the stage-3 flat base pattern.