Are you holding these stocks that are exhibiting a positive breakout?

The markets are off to a slow start, with Nifty 50 now up 15.5 points, or 0.01 per cent. Continue reading to learn about promising companies that are experiencing a price volume breakout.

Investors speculated on whether Fed Chair Powell will likely increase the benchmark interest rate by 100 basis points (or 1 per cent) in less than two weeks. This is to bring down inflation, which reached a 41-year high of 9 per cent in June. On the bright side, the US markets went ahead and priced in a 1 per cent rate hike, which helped the markets recover from their intraday lows.

In June 2022, India's goods trade imbalance reached a new high of 26.1 billion dollars, over 172 per cent more than in June 2021. This is due to the current global commodities supercycle, which keeps the prices of critical energy and metal imports high. Exports increased by 23.5 per cent to 40.13 billion dollars in June, while imports increased by 57.5 per cent to 66.31 billion dollars.

China repeated its GDP growth of 0.4 per cent in the second quarter, which fell short of forecasts because of the economy's difficulty to offset the impact of curbs amid Covid. Even industrial production fell short of forecasts, rising 3.9 per cent in June vs the 4.1 per cent predicted. Retail sales increased by 3.1 per cent in June, rebounding from a previous drop and exceeding forecasts.

Asian markets were mixed on Friday as economic concerns surfaced amid monetary policy tightening to curb increasing inflation levels.

The levels of 16,150 to 16,300 would provide excellent resistance, while the levels of 15,700 to 15,800 would provide strong support on the way south.

The stocks listed below are experiencing price volume breakout.