These stocks are exhibiting a price volume breakout
Nifty 50 opened with a gap up, indicating strength in the first half of the trading session. In this post, we have highlighted the top stocks experiencing a price volume breakout.
Following yesterday's session, which finished higher with greater volumes, Nifty 50 futures opened higher today. This can be directly attributable to Asian markets.
Bond markets throughout the world rallied as investors reassessed their inflation expectations and increasing interest rates, which exacerbated worries of an economic slump. As a consequence, Asian markets surged on Friday.
On Thursday, US markets finished higher as Federal Reserve Chair Jerome Powell during his second day of congressional testimony committed to battle inflation regardless of the possibility of a recession.
The cause for the market's ascent might be bottom fishing or even quarterly portfolio rebalancing. The statistics, as reflected by the S&P US Services Index and the US Manufacturing Index, both fell to five-month and two-year low, respectively.
Because of all the global and domestic worries, the Nifty 50 is expected to find resistance between 17,700 to 17,850 levels, with support at 15,050 to 15,200 levels. A violation of these levels on either side would determine whether the market would continue to be bullish or bearish.
The following is a list of stocks that have seen a price volume breakout.
Stock Name
|
Current Market Price (Rs)
|
Change (%)
|
Volume
|
Solara Active Pharma
|
388.5
|
13.6
|
5,62,195
|
ROUTE
|
1,290.3
|
8.1
|
12,99,131
|
Mahindra Lifespace
|
404.0
|
6.9
|
1,32,048
|
Shakti Pumps
|
513.5
|
6.5
|
1,33,795
|
Asahi India Glass
|
517.5
|
6.2
|
9,39,520
|