These stocks are depicting a strong price volume breakout

These stocks are depicting a strong price volume breakout

Indian Market
by 5paisa Research Team Last Updated: 2023-01-10T14:28:22+05:30

Nifty opened higher on Tuesday despite mixed global cues. In this article, we would be listing top stocks are depicting a strong price volume breakout.

On Tuesday, Nifty 50 opened higher at 18,121.3 as against its previous close of 18,101.2. This was despite mixed global cues. Key Wall Street indices on Monday were mostly down except for tech-heavy Nasdaq. This was as a result of slipping of US Consumer Inflation expectation, giving rise to the worries that the US Fed might not lower the pace of rate hikes.

In an overnight trade, Nasdaq Composite ended up 0.63%, Dow Jones Industrial Average was down 0.34%, while S&P 500 ended flat with a negative bias at 3,892.09, down by 0.08%. Tracking the overnight action on Wall Street, Asian peers to traded mixed with Japan’s Nikkei 225 index trading in green, while China’s SSE Composite Index, Australia’s ASX 200 and Hong Kong’s Hang Seng index trading in red.

At 11:45 a.m., Nifty 50 was trading at 17,937.35, down by 163.85 points or 0.91%. Although in red, broader market indices are outperforming frontline indices. Nifty Mid-Cap 100 index tumbled 0.57% and Nifty Small-Cap 100 index was down 0.44%.

On BSE, the advance-decline ratio was negative with 1327 stocks advancing, 1957 declining and 174 remaining unchanged. On sectoral front, apart from auto and pharma, all other sectors traded in red.

According to the data as on January 9, FIIs were net sellers and DIIs were net buyers. Foreign Institutional Investors (FIIs) sold shares to the tune of Rs 203.13 crore. Domestic Institutional Investors (DIIs) bought shares worth Rs 1,723.79 crore.

The following are the stocks that are depicting a strong price volume breakout.

Stock Name  

CMP (Rs)  

Change (%)  

Volume  

Sona BLW Precision Forgings Ltd.  

454.5  

7.6  

58,26,537  

Tata Motors Ltd.  

414.2  

6.3  

3,30,83,987  

BCL Industries Ltd.  

416.4  

12.2  

22,36,450  

Hindalco Industries Ltd.  

473.7  

0.6  

36,33,856  

Tanla Solutions Ltd.  

740.4  

5.6  

10,23,625 


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