Strong positive price-volume breakout is seen in these stocks; do you hold any?
The Indian stock market saw a mixed bag on Thursday, with the benchmark indices closing slightly lower while broader indices finished higher.
The Indian stock market saw a mixed bag on Thursday, with the benchmark indices closing slightly lower while broader indices finished higher. The Sensex ended down 0.19 per cent at 69,521 and the Nifty declined 0.17 per cent to 20,901.
However, the Nifty Mid-Cap and Small-Cap indices bucked the trend, rising 0.59 per cent and 0.37 per cent respectively, indicating positive sentiment in the broader market. Market volatility, as measured by the India VIX, also declined by 7.77 per cent, suggesting increased investor confidence.
Among sectors, Nifty Energy, Nifty Media, and Nifty Pharma were the Top Gainers, while Nifty FMCG, Nifty Metal, and Nifty IT underperformed.
On the individual stock front, Power Grid, Adani Ports, and Ultratech Cement were the top gainers from the Nifty 50, while Bharti Airtel, Hindustan Unilever, and ONGC were the Top Losers.
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:
| Stock Name |
Per cent Change |
Price |
Volume |
| Tata Power Company Limited |
10.76 |
325.8 |
15,23,81,610 |
| Sjvn Limited |
7.64 |
90.9 |
6,98,25,250 |
| Nhpc Limited |
6.73 |
64.25 |
6,72,40,281 |
| Indian Energy Exchange Ltd |
6.77 |
157.75 |
5,67,06,512 |
| Housing and Urban Development Corporation |
6.34 |
92.3 |
5,30,84,456 |
| Zee Entertainment Enterprises Limited |
5.25 |
271.6 |
3,42,43,388 |
| Himachal Futuristic Communications Limited |
5.87 |
70.35 |
3,09,53,853 |
| Iti Limited |
10.55 |
300.1 |
2,67,93,139 |
| Mmtc Limited |
9.96 |
55.75 |
2,05,70,516 |
| Pc Jeweller Limited |
7.65 |
30.25 |
1,61,56,429 |
| Life Insurance Corporation of India |
5.29 |
785.45 |
1,55,95,341 |
| Axita Cotton Ltd |
8.36 |
38.25 |
1,36,91,484 |
| Alembic Limited |
8.33 |
92.3 |
84,30,164 |
| Kohinoor Foods Limited |
18.64 |
52.2 |
79,39,393 |
| Prozone Realty Ltd |
12.21 |
35.85 |
65,27,280 |
| Paisalo Digital Ltd |
5.9 |
93.3 |
54,68,147 |
| General Insurance Corporation of India |
5.77 |
310.85 |
54,47,957 |
| Dredging Corporation Of India Limited |
9.59 |
562.7 |
41,45,018 |
| Precision Wires India Limited |
9.94 |
127.25 |
34,73,137 |
| Container Corporation Of India Limited |
5.44 |
842.35 |
34,32,629 |
Disclaimer: The article is for informational purposes only and not investment advice.
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