A strong positive price-volume breakout is seen in these stocks; do you hold any?
The Sensex recovers 484 points from the day's low and closes 34 points higher ahead of the Fed's decision; the Nifty is over 20,900.
Indian stock markets closed flat on Wednesday, with benchmark indices Sensex and Nifty closing higher by 0.05 per cent and 0.1 per cent respectively. The gains extended to Mid-Cap and Small-Cap indices as well, gaining 1.06 per cent and 0.73 per cent respectively. The overall market sentiment remained bullish, with advancing stocks outnumbering declining ones.
Amidst the V-shape recovery of markets on intraday basis, the Services and Utility sectors bucked the trend, surging by 1.5 per cent and 1.33 per cent respectively. This positive performance suggests increased investor confidence in these sectors, likely driven by specific positive developments or broader economic optimism.
On the other hand, IT & Teck stocks bore the brunt of the selling pressure, plummeting by 1.12 per cent and 1.06 per cent respectively. This significant decline could indicate profit-booking by investors or concerns specific to these sectors.
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:
|
Sr.
|
Stock Name
|
Per cent Change
|
Price
|
Volume
|
|
1
|
Gmr Infrastructure Limited
|
7.38
|
77.15
|
13,91,61,372
|
|
2
|
Hindustan Construction Company Limited
|
5.43
|
33
|
10,77,68,503
|
|
3
|
Power Finance Corporation Limited
|
8.24
|
421.8
|
4,72,30,399
|
|
4
|
Rural Electrification Corporation Limited
|
8.97
|
444.8
|
4,34,70,874
|
|
5
|
Ptc India Financial Services Limited
|
19.57
|
41.25
|
3,60,29,751
|
|
6
|
Pc Jeweller Limited
|
12.52
|
34.15
|
3,00,69,043
|
|
7
|
Cesc Limited
|
5.35
|
125.1
|
2,96,52,035
|
|
8
|
Ptc India Limited
|
16.23
|
197.25
|
2,67,65,393
|
|
9
|
Tanla Solutions Limited
|
17.92
|
1090.9
|
1,73,20,690
|
|
10
|
TRACXN
|
9.51
|
105.4
|
1,69,40,972
|
|
11
|
Nlc India Limited
|
9.69
|
207.2
|
1,62,34,700
|
|
12
|
Tourism Finance Corporation Of India Limited
|
18.71
|
131.95
|
1,59,15,137
|
|
13
|
Paradeep Phosphates Ltd
|
5.37
|
72.65
|
1,53,55,082
|
|
14
|
Hindustan Petroleum Corporation Limited
|
5.01
|
375
|
1,43,53,173
|
|
15
|
Bhansali Engineering Polymers Limited
|
9.33
|
103.15
|
1,17,85,288
|
|
16
|
Satia Industries Ltd
|
6.14
|
144.25
|
1,02,34,868
|
|
17
|
Vishnu Prakash R Punglia Ltd
|
6.64
|
223.2
|
80,96,898
|
|
18
|
The Karnataka Bank Limited
|
5.66
|
243.75
|
74,22,044
|
|
19
|
Schneider Electric Infrastructure Limited
|
12.41
|
437.5
|
62,67,976
|
|
20
|
Surana Solar Limited
|
19.85
|
38.65
|
53,96,389
|
Disclaimer: The article is for informational purposes only and not investment advice.
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