Price Volume Breakout: Keep these trending stocks on your watchlist

5paisa Research Team 9th December 2022 - 11:15 am

The US markets closed higher on Friday triggering optimism in the global markets. On Friday previous week DJIA climbed higher by more than 800 points. SGX nifty is also indicating a gap-up opening on Monday's trading session.

Nifty may likely touch 18000 levels on Monday. It will however be interesting to see if it sustains above 18000 levels. Asian markets are mostly trading in green with Shanghai trading mildly in red and Hang Seng trading flat to negative.

From commodity space, we have seen that the prices of Crude oil are trading comfortably below $90 however Natural gas prices have shot up.

We saw the IT stocks in US markets rebound and hence NASDAQ was the top-performing index in US markets on Friday. We can expect some action in IT stocks in Indian markets as well on Monday. NASDAQ has been underperforming lately and hence the bounce back has significance.

Several stocks made fresh 52-week highs the previous week. Kalpataru Power, Maruti, Bharti Airtel, Indian Bank, Granules and Shanti Gear are some of the stocks that are trading close to their respective 52-week highs.

From the SME space RMC Switchgear, Frof Cellsat, and Jaya Jalaram Technology are expected to remain in focus. The DoT’s decision to make it mandatory for sourcing local telecom products is positive for micro-cap companies such as Advait Infratech and Frog Cellsat.

Following shares with price volume breakout on Friday trading session should be on the watchlist of investors and momentum traders this week:

Company Name	LTP	Gain (%)	Volume Change (Times)
Infibeam	17.3	19.72	4
JINDWOLRD	309.7	20	3
HEMANG	73.55	19.98	2
KREBSBIO	120.1	14.77	3
CRAVATEX	515.5	13.67	3
AVANTEL	384.4	9.02	2
TARACHAND	64.8	8	2
HPL	99.85	7.19	2
GENUSPOWER	86.3	6.54	3
SATIN	158.7	5.84	3

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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.

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