These stocks are experiencing price volume breakout

On July 5, the Nifty 50 attempted to rise but was met with rejections at higher levels, with sellers taking the lead. There are, however, pockets of strength. In this post, we have highlighted companies that are experiencing price volume breakout.

The major US indices gained on Tuesday as investor sentiment unexpectedly reversed. This can also be attributed to falling oil prices and the dollar's multi-decade high against the euro.

Short-term US paper yields briefly traded above 10-year US paper yields. This yield curve inversion is widely regarded as a constraint leading to slower economic growth.

The 2-year Treasury yield was 2.792 per cent as of July 5 (midpoint), while the 10-year Treasury yield was 2.789 per cent. Even though US factory orders increased by 1.6 per cent in May, a recent survey of top executives suggested that demand may be starting to fade as the economy shrinks.

Tuesday marked the first time in months that the price of US benchmark West Texas Intermediate (WTI) crude oil fell below the 100 dollars per barrel threshold due to worries about a possible recession and a decline in energy demand.

After hitting a low of 97.43 dollars per barrel, WTI crude for August delivery fell 8.93 dollars per barrel, or 8.2 per cent, to settle at 99.50 dollars a barrel on the New York Mercantile Exchange.

According to Citigroup Inc., if a demand-crushing recession occurs, crude oil prices could fall to 65 dollars per barrel by the end of this year and 45 dollars by the end of 2023.

In response to a rise in the U.S. dollar index toward a 20-year high, gold on Tuesday declined below the crucial $1,800-per-ounce level to settle at its lowest price thus far this year, while silver futures concluded at a two-year low.

Nifty 50 was up 57.4 points at 15,868.25 (just above 15,850 levels) at the time of writing (0.36 per cent). It appears that the 15,850 to 16,200 level will continue to act as resistance for Nifty 50 futures because volumes are moving in the exact opposite direction of price. However, some stocks are showing strength.

Here is a list of stocks that have experienced a price volume breakout.