DSIJ Mindshare

A negative breakout is seen in these stocks; do you hold them?
Henil Shah
/ Categories: Trending, Mindshare

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

As a result of a global selloff, Nifty 50 opened the week down. In this post, we have compiled a list of stocks that have seen a negative price volume breakout.

As a result of the global selloff, Nifty 50 opened with a gap down at 17,156.3. The leading Wall Street indices continued to fall on Friday. This can be attributed to market participants' persistent selloff in the face of the US Fed's ultra-hawkish approach.

 

It is predicted that such interest rate policies will cause the US economy to enter a recession. Nasdaq Composite sank 1.8 per cent, Dow Jones lost 1.62 per cent, and S&P 500 dropped 1.72 per cent. Nasdaq Composite, Dow Jones, and S&P 500 all declined 5.03 per cent, 4 per cent, and 4.8 per cent, respectively, on a weekly basis.

 

Nifty 50 was trading at 17,040.3 at the time of writing, down 287.05 points (1.66 per cent). Frontline indices outperformed broader market indices. Nifty Mid-Cap 100 index plummeted 3.43 per cent, while Nifty Small-Cap 100 index dipped 3.82 per cent.

 

According to the report, FIIs were net sellers on September 23, while DIIs were net purchasers. Foreign Institutional Investors (FII) sold Rs 2,899.68 crore worth of shares. Domestic Institutional Investors (DII) purchased shares worth Rs 299.1 crore.

 

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

 

Stock Name

CMP (Rs)

Change (%)

Volume

Tata Motors Ltd.

393.6

-7.0

1,67,22,153

Tata Chemicals Ltd.

1,037.7

-8.5

22,36,799

Jindal Steel & Power Ltd.

396.2

-7.0

17,59,796

Hindalco Industries Ltd.

372.5

-6.0

60,44,388

AU Small Finance Bank

590.3

-7.5

11,01,066

Can Fin Homes Ltd.

485.7

-6.2

20,48,861

Jubilant Foodworks Ltd.

583.8

-6.0

26,33,463

Adani Ports and Special Economic Zone Ltd.

864.7

-5.4

48,41,110

Previous Article Top three stocks that saw heavy demand from buyers in the pre-opening session today
Next Article Stocks below Rs 100: Only buyers seen in these scrips on September 26
Print
5704 Rate this article:
4.0

3 comments on article "A negative breakout is seen in these stocks; do you hold them?"

Avatar image

Jawaharlal chaudhury

Nice to get dsij information in time as usual....


Avatar image

Dinesh

Excellent Finjournalism !

It's a rapid and timely pack of useful information !

Thanks and more !


Avatar image

K Srinivasa Rao

I followed,hard copies of magazines 20 years back.Always a good business mag.to follow

Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR