A solid positive breakout seen in these stocks; do you own them?

5paisa Research Team 19th October 2022 - 12:22 pm

Nifty 50 began higher on the back of strong global trends. In this post, we have identified solid stocks that are experiencing a positive breakout.

Nifty 50 index began higher at 17,568.15 compared to its previous closing of 17,486.95. This was due to strong global trends. In the face of positive results and better than expected factory data on Tuesday, leading Wall Street indices moved higher as treasury yields decreased.

In overnight trade, Nasdaq Composite gained 0.9%, Dow Jones jumped 1.12% and S&P 500 ascended 1.14%. Following the lead of global trends, Asian counterparts traded higher on Wednesday.

Nifty 50 was trading at 17,552.2 at 12:05 p.m., up 65.25 points or 0.37%. The broad market indices performed on similar lines to the frontline indices. Nifty Mid-Cap 100 index was up 0.19%, while Nifty Small-Cap index climbed 0.23%.

The advance-decline ratio was positive on BSE, with 1,856 stocks ascending, 1,410 falling and 144 staying unchanged. Except for media, IT, pharma and PSU banks, all other sectors traded in green.

FIIs were net sellers, while DIIs were net buyers, according to statistics as of October 18. Foreign Institutional Investors (FII) sold Rs 153.4 crore worth of shares. Domestic Institutional Investors (DII) purchased shares worth Rs 2,084.71 crore.

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

Stock Name	CMP (Rs)	Change (%)	Volume
Reliance Industries Ltd.	2,510.2	2.4	59,14,717
DLF Ltd.	374.7	2.5	35,00,451
Axis Bank Ltd.	833.0	2.0	60,29,678
Bharat Dynamics Ltd.	915.3	2.6	25,52,825
Indian Railway Catering & Tourism Corporation Ltd.	744.9	1.9	45,35,851
Housing Development Finance Corporation Ltd.	2,377.6	2.0	28,71,731
PNB Housing Finance Ltd.	411.4	4.5	11,62,006
Sona BLW Precision Forgings Ltd.	481.5	3.7	10,07,306
Allcargo Logistics Ltd.	425.9	3.9	9,63,538
Adani Wilmar Ltd.	703.0	1.5	24,73,043

How do you rate this article?

Characters remaining (1500)

View All

5paisa Research Team

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.

FREE Trading & Demat Account

+91