Shares of these three companies are experiencing a price volume breakout; do you hold it?

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Shares of these three companies are experiencing a price volume breakout; do you hold it?

Post reaching a high of 16,250, Nifty futures took a pause and began to fall. However, in this piece, we will highlight the top stocks that are experiencing a price volume breakout.

For the second day in a row, US equities ended down on Tuesday as investors awaited the most recent information about the greatest inflationary wave to hit the US economy in forty years. The strong dollar dragged on morale again on Tuesday, ahead of Wednesday's consumer-price index for June and the start of the second-quarter corporate earnings reporting season on Thursday.

 

On Tuesday, the International Monetary Fund (IMF) cautioned that averting a recession in the United States will be increasingly difficult, reducing its 2022 US growth prediction to 2.3 per cent from 2.9 per cent in late June, citing decreasing consumer spending. In addition, it reduced its 2023 real GDP growth prediction to 1.0 per cent from 1.7 per cent.

 

The Index of Industrial Production (IIP) in India increased to 19.6 per cent in May from 7.1 per cent in April, supported by a low base. The Consumer Price Index (CPI) in India estimated headline retail inflation at 7.01 per cent in June, down from 7.04 per cent in May.

 

Following a low of 15,202 on June 20, Nifty futures recovered and is now correcting after being rejected at 16,300 levels. Nifty futures is expected to find support between 15,850 and 16,030, while resistance is expected to be found between 16,140 and 16,300.

 

The following companies have seen a price volume breakout.

 

Stock Name

Current Market Price (Rs)

Change (%)

Volume

Credit Analysis and Research Ltd.

471.0

13.5

23,34,333

Valiant Organics Ltd.

567.0

7.5

3,55,045

KEC International Ltd.

436.0

6.6

57,56,168

Anupam Rasayan India Ltd.

698.7

6.3

3,68,277

Clean Science & Technology Ltd.

1,584.9

5.7

2,88,195