Price Volume Breakout: Keep these trending stocks on your watchlist

Price Volume Breakout: Keep these trending stocks on your watchlist

Indian Market
by 5paisa Research Team Last Updated: 2022-10-31T11:50:35+05:30

The US markets closed higher on Friday triggering optimism in the global markets. On Friday previous week DJIA climbed higher by more than 800 points. SGX nifty is also indicating a gap-up opening on Monday's trading session.

Nifty may likely touch 18000 levels on Monday. It will however be interesting to see if it sustains above 18000 levels. Asian markets are mostly trading in green with Shanghai trading mildly in red and Hang Seng trading flat to negative.

From commodity space, we have seen that the prices of Crude oil are trading comfortably below $90 however Natural gas prices have shot up.

We saw the IT stocks in US markets rebound and hence NASDAQ was the top-performing index in US markets on Friday. We can expect some action in IT stocks in Indian markets as well on Monday. NASDAQ has been underperforming lately and hence the bounce back has significance.

Several stocks made fresh 52-week highs the previous week. Kalpataru Power, Maruti, Bharti Airtel, Indian Bank, Granules and Shanti Gear are some of the stocks that are trading close to their respective 52-week highs. 

From the SME space RMC Switchgear, Frof Cellsat, and Jaya Jalaram Technology are expected to remain in focus. The DoT’s decision to make it mandatory for sourcing local telecom products is positive for micro-cap companies such as Advait Infratech and Frog Cellsat. 

Following shares with price volume breakout on Friday trading session should be on the watchlist of investors and momentum traders this week

Company Name 

LTP 

Gain (%) 

Volume Change (Times) 

Infibeam 

17.3 

19.72 

JINDWOLRD 

309.7 

20 

HEMANG 

73.55 

19.98 

KREBSBIO 

120.1 

14.77 

CRAVATEX 

515.5 

13.67 

AVANTEL 

384.4 

9.02 

TARACHAND 

64.8 

HPL 

99.85 

7.19 

GENUSPOWER 

86.3 

6.54 

SATIN 

158.7 

5.84 

 


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