A strong positive price-volume breakout is seen in these stocks; do you hold any?
Bulls propel the Sensex 929 points higher, as the Nifty closes above 21,150; IT and real estate equities lead the way.
Indian stock markets closed higher on Thursday, with benchmark indices Sensex and Nifty closing higher by 1.34 per cent and 1.23 per cent respectively. The gains extended to Mid-Cap and Small-Cap indices as well, gaining 1.06 per cent and 0.62 per cent respectively. The overall market sentiment remained bullish, with advancing stocks outnumbering declining ones.
Amidst the Nifty 50 formed doji as a day candle, the Realty and Teck sectors bucked the trend, surging by 3.8 per cent and 2.72 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 opposite side none of the sectors closed in red.
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 |
Indian Railway Finance Corporation Ltd |
10.96 |
92.65 |
47,59,75,248 |
| 2 |
Housing and Urban Development Corporation |
11.74 |
111.35 |
19,37,17,874 |
| 3 |
Steel Authority Of India Limited |
7.46 |
110.95 |
17,78,34,487 |
| 4 |
Ircon International Ltd |
6.96 |
172.05 |
7,53,38,400 |
| 5 |
National Aluminium Company Limited |
5.36 |
104.25 |
6,23,88,957 |
| 6 |
Sjvn Limited |
5.29 |
97.45 |
5,92,00,486 |
| 7 |
Engineers India Limited |
6.16 |
169.00 |
3,58,18,353 |
| 8 |
Indus Towers Ltd (Bharti Infratel) |
7.00 |
201.05 |
2,34,51,544 |
| 9 |
Castrol India Limited |
7.00 |
148.25 |
1,64,72,207 |
| 10 |
Swan Energy Limited |
7.90 |
501.35 |
1,40,75,384 |
| 11 |
FSN E-Commerce Ventures Ltd |
5.05 |
178.00 |
1,22,95,214 |
| 12 |
Texmaco Rail & Engineering Limited |
6.06 |
170.65 |
1,12,90,611 |
| 13 |
Pnb Gilts Limited |
5.13 |
101.35 |
1,08,38,426 |
| 14 |
Mahindra & Mahindra Financial Services Limited |
6.50 |
289.35 |
98,35,137 |
| 15 |
Balmer Lawrie & Company Limited |
5.94 |
180.00 |
79,45,134 |
| 16 |
Sonata Software Limited |
7.30 |
776.30 |
47,48,663 |
| 17 |
Td Power Systems Limited |
6.09 |
295.10 |
44,27,082 |
| 18 |
Sanghi Industries Limited |
8.29 |
137.85 |
41,24,969 |
| 19 |
Star Cement Ltd |
6.46 |
179.75 |
40,97,568 |
| 20 |
Pearl Polymers Limited |
19.76 |
35.15 |
36,31,991 |
Disclaimer: The article is for informational purposes only and not investment advice.
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