These stocks are experiencing a solid price volume breakout; do you hold them?

These stocks are experiencing a solid price volume breakout; do you hold them?

by 5paisa Research Team Last Updated: Jan 23, 2023 - 11:58 am 3.3k Views
Listen icon

Nifty 50 opened higher on Monday, supported by solid global trends. In this post, we have highlighted the top stocks that are experiencing a solid price volume breakout.

On Monday, Nifty 50 opened the new week at 18,118.45, up from its Friday closing of 18,027.65. This happened as a result of strong global trends. The leading Wall Street indices concluded higher on Friday, owing to a strong earnings report.

On Friday, Nasdaq Composite increased by 2.66%, Dow Jones Industrial Average rose by 1%, and S&P 500 index soared by 1.89%. On a weekly basis, Dow Jones Industrial Average and S&P 500 both fell 2.7% and 0.7%, respectively.

Nasdaq Composite, on the other hand, surged 0.6% over the last week. Following the strong global trends, nearly all Asian indices advanced on Monday. Except for Australia's S&P ASX 200, all other indices were in the green, with Hong Kong's Hang Seng leading the way.

Nifty 50 was trading at 18,140.65 at 10:45 a.m., up 113 points or 0.63%. Frontline indices, on the flip side, outperformed broader market indices. Nifty Mid-Cap 100 index was up 0.13%, while Nifty Small-Cap 100 index fell 0.01%.

The advance-decline ratio on the BSE was somewhat positive, with 1762 stocks rising, 1559 falling, and 191 staying unchanged. Aside from metals and realty, all other sectors traded in the green.

According to January 20 statistics, FIIs were net sellers while DIIs were net purchasers. Foreign Institutional Investors (FIIs) sold Rs 2,002.25 crore worth of shares. Domestic Institutional Investors (DIIs) invested Rs 1,509.95 crore in shares.

The stocks listed below are experiencing a solid price volume breakout.

Stock Name  

CMP (Rs)  

Change (%)  

Volume  

Can Fin Homes Ltd.  

543.6  

4.3  

10,84,792  

Tata Motors Ltd.  

409.2  

1.5  

48,59,253  

Bikaji Foods International Ltd.  

439.6  

4.9  

9,62,115  

Swan Energy Ltd.  

374.0  

3.3  

9,95,611  

Nureca Ltd.  

408.1  

1.6  

18,96,861 

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

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

Disclaimer

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.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Sensex, Nifty Fall for 5th Day on Israel-Iran Tensions

Sensex, Nifty Fall for 5th Day on Israel-Iran Tensions

Gold Prices Soar as Iran-Israel Tensions Escalate: Is it Time to Buy?

Gold is often seen as a safe investment during uncertain times. The conflict could lead to an increase in gold prices.