A powerful positive breakout is seen in these stocks; do you hold them?

Nifty 50 started lower on the back of negative global trends. However, at the time of writing, it was off the day's lows. Continue reading to learn about powerful stocks that are experiencing a positive breakout.

Nifty 50 began the week at 18,430.55, down from Friday's closing of 18,512.75. It was due to lacklustre global trends. Having said that, Nifty 50 is off the day's lows at the time of writing. The leading Wall Street indices concluded mixed on Friday.

Investors preferred to avoid the risk of concerns about China's stance on combating the mounting Covid-19 instances. In overnight trade, Nasdaq Composite sank 0.52 per cent, Dow Jones gained 0.45 per cent, and S&P 500 fell 0.03 per cent.

Asian markets began to decline on Monday. This was due to protests in key Chinese cities against the tight zero-Covid policy. This raised the potential for more economic upheaval.

Nifty 50 was trading at 18,580.9 at 11:45 a.m., up 68.15 points or 0.37 per cent. Broader market indices continue to outpace frontline indices. Nifty Mid-Cap 100 index rose 0.73 per cent, while the Nifty Small-Cap 100 index gained 1.08 per cent.

According to November 25 statistics, FIIs were net buyers while DIIs were net sellers. Foreign Institutional Investors (FII) bought Rs 369.08 crore worth of shares. Domestic Institutional Investors (DII) sold shares worth Rs 295.92 crore.

The following is a list of powerful stocks experiencing a positive breakout.