A strong positive breakout is seen in these stocks; do you hold any?

On mixed global indications, Nifty 50 opened flat. This article contains a list of stocks that have seen a price volume breakout.

Nifty 50 opened flat amid mixed global trends. Despite a lower inflation figure, Wall Street ended neutral. In overnight trading, the Nasdaq Composite and S&P 500 fell 0.58 per cent and 0.08 per cent, respectively, while the Dow Jones gained 0.1 per cent.

Regardless of the fact that the inflation figures were relatively optimistic, investors expect that the Federal Reserve will continue to aggressively raise key rates in order to control inflation. On the other hand, producer inflation fell unexpectedly as the cost of energy products fell.

Brent crude went down 0.44 per cent to USD 99.17 per barrel, while WTI futures fell 0.51 per cent to USD 93.88 per barrel. Natural gas futures were unchanged.

At the time of writing, the Nifty 50 was trading at 17,687.65, up 28.65 points (0.16 per cent). However, the broader markets outperformed the headline indices, as seen by the 0.73 per cent and 0.57 per cent price increases in the Nifty Mid-Cap and Nifty Small-Cap indices, respectively.

According to preliminary statistics, Foreign Institutional Investors (FII) were net buyers on August 11, purchasing shares worth Rs 2,298.08 crore. On the contrary, domestic institutional investors (DII) sold shares worth Rs 729.56 crore.

Even on a month-to-date (MTD) basis, FIIs were net buyers, purchasing shares worth Rs 11,801.20 crore. This shift in the trend of FIIs becoming net buyers bodes well for the market.

The following is a list of stocks that have seen a strong positive breakout.

4 comments on article "A strong positive breakout is seen in these stocks; do you hold any?"

Vishal Patel

Tata chemicals

8/13/2022 11:14 AM

Pradeep

Bajaj Finserv

8/13/2022 9:54 PM

Nitin Dave

Tata chemical and tata elexi

8/14/2022 8:36 AM

DDG

One should plan to accumulate IEX ( Indian Energy Exchange ) at this level . Its trading almost 48% down ( Now at Rs 165 ) from its High 318 Level. Mutual funds are also increasing its shake in it during the last 3 months. Target Price Ra. 210 in next 3 months.

8/14/2022 9:53 AM

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