These stocks are experiencing a solid positive breakout

These stocks are experiencing a solid positive breakout

by 5paisa Research Team Last Updated: Dec 16, 2022 - 12:30 pm 6.7k Views

Nifty began lower on a bearish tone on the back of poor global trends. In this post, we have highlighted the top stocks that are experiencing a solid positive breakout. 

Nifty began lower on a sombre note at 18,319.1, compared to its previous closing of 18,414.9. This was due to a lacklustre of global trends. On Thursday, leading Wall Street indices had their largest single-day percentage decline since November 9. This was because of increasing concerns that the US Fed's effort to control inflation would likely lead to a recession.

In overnight trade, Nasdaq Composite fell 3.23%, Dow Jones Industrial Average plummeted 2.25%, and S&P 500 declined 2.49%. The European Central Bank and the Bank of England hiked interest rates by 50 basis points in response to global recession fears.

This suggests that the Fed will continue to raise interest rates in order to keep inflation under control. In response to the overnight drop on Wall Street and hawkish indications from central banks across the world, Asian markets mainly declined on Friday.

Nifty 50 was trading at 18,335.8 at 10:35 a.m., down 79.1 points or 0.43%. The broad market indices were underperforming the frontline indices. Nifty Mid-Cap 100 index fell 1.37%, while the Nifty Small-Cap 100 index dropped 0.56%.

The advance-decline ratio on the BSE was negative, with 1177 stocks rising, 2027 falling, and 145 staying unchanged. On a sectoral front, all sectors were trading in the red.

According to December 15 statistics, FIIs were net sellers while DIIs were net purchasers. Foreign Institutional Investors (FIIs) sold shares worth Rs 710.74 crore. Domestic Institutional Investors (DIIs) purchased shares to the tune of Rs 260.92 crore.

The following is a list of stocks that have seen a solid positive breakout.

Stock Name  

Current Market Price (Rs)  

Change (%)  


Deepak Fertilizers and Petrochemicals Corporation Ltd.  




Tata Motors Ltd.  




Reliance Industries Ltd.  




PB Fintech Ltd.  




ICICI Securities Ltd.  






Share Market Today

How do you rate this article?


Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.


Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial. Also, The
Open Free Demat Account
Resend OTP
Please Enter OTP
Account belongs to

By proceeding, you agree to the T&C.

Latest News
Unihealth Consultancy IPO lists at 2.27% premium, tapers later

Tepid listing for Unihealth Consultancy IPO on the NSE-SME

  • Sep 21, 2023
EMS IPO lists at 33.67% premium, tapers post listing

EMS IPO had a strong listing on 21st September 2023, listing at a smart premium of 33.67%, but tapering towards the close to list below the listing price.

  • Sep 21, 2023
Madhusudan Masala IPO Closing Subscription Details

The IPO of Madhusudan Masala Ltd closed on Thursday, 21st September 2023. The IPO had opened for subscription on 18th September 2023. Let us look at the final subscription status of Madhusudan Masala Ltd at the close of subscription on 21st September 2023.

  • Sep 21, 2023