A strong positive breakout is seen in these stocks; do you hold them?

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A strong positive breakout is seen in these stocks; do you hold them?

Looking for stocks with solid technicals for trading? Check out this article to learn more.

Nifty 50 opened flat on Friday at 18,528.45, compared to yesterday's closing of 18,484.1. This was due to lacklustre global trends. S&P BSE Sensex closed yesterday's session at an all-time high, while Nifty 50 reached a new 52-week high.

 

This can be attributable to the optimistic views expressed in the minutes of the Fed's October meeting, which praised the likelihood of rate hikes slowing down shortly. Furthermore, most Fed members agreed on the possibility of reducing the pace of rate rises shortly.

 

At 1.10 p.m., Nifty 50 was trading flat at 18,478.4, down by 5.7 points or 0.03 per cent. Broader market indices continue to outpace frontline indices. Nifty Mid-Cap 100 index was up by 0.85 per cent, while Nifty Small-Cap 100 index jumped 0.99 per cent.

 

According to November 24 statistics, FIIs were net buyers while DIIs were net sellers. Foreign Institutional Investors (FII) bought shares worth Rs 1,231.98 crore. Domestic Institutional Investors (DII) sold shares to the tune of Rs 235.66 crore.

 

The following is a list of solid stocks that are experiencing a positive breakout.

           

Stock Name

CMP (Rs)

Change (%)

Volume

PB Fintech Ltd.

459.5

6.4

72,67,672

One 97 Communications Ltd.

457.7

3.8

1,45,75,160

HDFC Life Insurance Company Ltd.

582.7

1.8

61,97,175

India Tourism Development Corporation Ltd.

392.0

16.3

13,83,789

Panama Petrochem Ltd.

397.0

11.7

14,61,114