These stocks are experiencing a price volume breakout

After a strong advance yesterday, the Nifty 50 opened with a gap down today. Nonetheless, there are pockets of strength. In this post, we have identified stocks that are experiencing a price volume breakout.

Nifty 50 futures opened sharply higher yesterday and performed remarkably well in the first half, reaching a high of 15,716.75. However, it was unable to hold and the session concluded at 15,638.4 levels.

Despite positive signs from US futures indices, Asian counterparts were under pressure on June 22, 2022, amid fears of a recession owing to aggressive policy tightening by the US Federal Reserve.

As a consequence, Nifty 50 opened with a gap down today. At the time of writing, Nifty 50 was down by 158.95 points, or 1.02 per cent, to 15,479.85. Broader market indices are underperformed frontline indices, with the Nifty  

The data on initial jobless claims in the United States is expected to be released on Thursday, while the report on consumer sentiment in the United States is expected to be released on Friday by the University of Michigan. The availability of this data would contribute to a better understanding of the US economy.

The Nifty 50 has solid support between 15,050 to 15,200 levels, while the levels of 15,700 to 15,850 function as strong resistance on the upside. A breach of these levels on either side would determine the market's next move.

The following is a list of stocks that have seen a price volume breakout.