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

Sensex closes 122 points higher in choppy trade, Nifty above 21,450; Coffee Day gains 9 per cent, SAIL falls 4 per cent.

Indian stock markets closed in the green on Tuesday, with benchmark indices Sensex and Nifty closing higher by 0.17 per cent and 0.16 per cent respectively. The broader indices like the Small-Cap index gained 0.10 per cent whereas Mid-Cap saw a dip of 0.31 per cent. The overall market sentiment remained mixed, with declining stocks almost outburning advancing ones.

Times Guaranty Ltd (TIMESGTY) demonstrated a robust performance with its opening price at Rs 114 and reaching a high of Rs 117.95, while maintaining a low of Rs 111.2. The current market price (CMP) stands at Rs 117.95, exhibiting a substantial increase from the previous close of Rs 98.3. This represents a noteworthy percent change of 19.99 per cent, reflecting positive market sentiment. The market capitalization for Times Guaranty Ltd is Rs 106.11 crore, underscoring its value and investor confidence.

United Drilling Tools Ltd (UNIDT) exhibited a strong performance in the market, opening at Rs 245 and reaching a high of Rs 290.1, with a low of Rs 242.2. The current market price (CMP) is at Rs 290.1, a significant increase from the previous close of Rs 241.75. This translates to a notable percent change of 20 per cent, signaling positive momentum. The market capitalization for United Drilling Tools Ltd is Rs 584.24 crore, reflecting its substantial market presence.

Kiri Industries Ltd (KIRIINDUS) showcased a commendable performance, starting at an opening price of Rs 339 and reaching a high of Rs 406.85, with a low of Rs 336.1. The current market price (CMP) is Rs 397, indicating a substantial rise from the previous close of Rs 339.05. The percent change is recorded at 17.09 per cent, highlighting positive market dynamics. Kiri Industries Ltd boasts a market capitalization of Rs 2073.18 crore, underlining its significant position in the market.

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized. A breakout happens when the stock price moves above the crucial resistance level or below the sacrosanct support level with increasing volume. The most important aspect is to focus on increasing volume when the important support and resistance levels are broken.

The following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.