Breakout Stocks

Breakout stocks are shares that, according to technical analysis, indicate a big move above or below their support or resistance level. A stock may climb higher steadily if it breaks through its resistance level, and it may go into a bear run if it breaks through its support level. Stocks that repeatedly test resistance and support levels are seen as "stronger," and those that succeed in doing so are more likely to see long-term gains.

Last updated on May 15, 2024
NameCMP Rs.Mar Cap Rs.Cr.NP Qtr Rs.Cr.Sales Qtr Rs.Cr.52w High Rs.52w Low Rs.
ACC Ltd2,463.5044,436.10869.9122,209.972,759.951,704.45
Apollo Tyres Ltd474.1530,383.23578.7417,301.02559.85359.05
Graphite India Ltd596.6511,015.28350.012,913.48709.45311.00
Cipla Ltd1,357.35114,230.242,513.4715,790.601,519.00897.70
Dalmia Bharat Sugar & Industries Ltd379.503,048.58250.073,252.08490.05339.00
Federal-Mogul Goetze (India) Ltd368.552,040.2397.231,608.54431.40313.75
Mukand Ltd166.552,343.72185.485,618.36212.50115.50
Piramal Enterprises Ltd830.2518,580.8114,333.304,794.421,140.00721.65
Pfizer Ltd4,327.4519,959.05623.932,424.765,000.003,720.00
Tata Chemicals Ltd1,065.7527,086.081,027.005,003.001,349.70933.00
Vindhya Telelinks Ltd2,401.102,793.99154.302,900.112,899.001,820.00
Dr Reddys Laboratories Ltd5,868.8098,732.222,612.8016,962.506,505.504,383.40
Fiberweb (India) Ltd36.40112.89-0.3066.1145.1127.17
Tainwala Chemicals & Plastics (India) Ltd150.10132.873.2812.83166.60106.00
PTL Enterprises Ltd43.85552.2823.2864.3454.1032.10
United Drilling Tools Ltd253.25500.4710.18119.34318.05169.00
United Nilgiri Tea Estates Company Ltd331.400.0012.1283.65383.95256.00
Radico Khaitan Ltd1,610.5021,609.73204.4212,743.911,882.051,094.75
Jagsonpal Pharmaceuticals Ltd324.25858.7026.72236.71514.85273.60
MSTC Ltd844.255,692.90239.23324.721,165.00300.60
Genesys International Corporation Ltd544.052,116.3238.46179.91739.00267.00
Jayant Agro Organics Ltd238.85711.9042.051,139.82291.60164.70
Tilaknagar Industries Ltd224.904,248.74165.882,469.23291.00128.55
DSJ Keep Learning Ltd4.1554.740.065.756.051.74
Hikal Ltd286.753,459.2078.382,023.03331.05258.60
Urja Global Ltd21.601,084.011.3439.1841.847.51
Poonawalla Fincorp Ltd468.6535,362.61584.942,192.54519.95321.40
Dhanlaxmi Bank Ltd42.261,062.1449.361,071.2459.0016.35
Manappuram Finance Ltd175.8014,681.411,266.264,801.78207.30108.15
Jindal Worldwide Ltd364.607,299.95114.112,146.50439.80268.00
Sundaram Multi Pap Ltd3.00140.742.59114.374.802.21
India Tourism Development Corporation Ltd642.905,656.9260.33458.08879.00313.60
Linc Ltd564.20839.4737.40492.31883.65463.50
Mahanagar Gas Ltd1,317.8512,694.92790.056,920.961,579.00971.40
R K Swamy Ltd269.801,337.7621.54144.05312.00227.75
Gujarat Mineral Development Corporation Ltd409.6012,417.901,212.483,507.32505.00152.85
Mishra Dhatu Nigam Ltd434.007,957.27155.88871.94547.45203.00
Jyothy Labs Ltd460.0516,711.67239.522,481.95553.95200.55
Nelcast Ltd143.151,325.9029.741,263.97194.5088.80
Railtel Corporation of India Ltd390.6511,446.27187.381,946.52491.15114.80
Gulshan Polyols Ltd201.501,230.8845.361,180.41274.95158.05
Nectar Lifescience Ltd32.75743.43-22.461,746.5645.7016.35
Deep Energy Resources Ltd183.90573.922.7914.90238.75105.10
Navin Fluorine International Ltd3,336.2516,069.56312.491,628.144,922.002,900.20
Jai Balaji Industries Ltd923.7014,397.8157.846,125.071,307.0073.10
IIFL Securities Ltd147.354,405.57283.431,260.88180.5056.10
Barak Valley Cements Ltd55.00116.125.80174.4677.3331.10
Edelweiss Financial Services Ltd74.607,249.212,388.253,088.6787.8031.21
Kriti Nutrients Ltd101.80511.0620.80796.87128.9044.60
Prince Pipes & Fittings Ltd644.007,094.15121.422,710.87776.00521.35
Aeroflex Industries Ltd139.251,808.5530.16269.38197.40114.40
Power Mech Projects Ltd4,914.207,554.87209.273,532.095,544.002,999.35
Sansera Engineering Ltd1,012.805,423.44150.202,090.101,094.75752.45
Jindal Poly Investment & Finance Company Ltd672.00697.97349.54152.73841.00449.00
India Shelter Finance Corporation Ltd588.056,228.24154.98583.91723.00519.00
Balkrishna Paper Mills Ltd22.8069.82-51.88109.3039.1316.77
InfoBeans Technologies Ltd411.751,015.8036.83242.83554.95362.05
Quick Heal Technologies Ltd453.802,415.727.70278.11600.00137.00
Indian Energy Exchange Ltd144.8512,938.46292.70400.85173.30116.05
Utkarsh Small Finance Bank Ltd53.105,822.18404.502,504.9868.3037.20
Iris Clothings Ltd81.600.008.26113.00110.9067.05
Sigachi Industries Ltd65.552,056.0241.56290.3295.9423.16
Dreamfolks Services Ltd507.602,641.2472.55773.24846.75448.90
Skipper Ltd Partly Paidup175.15174.330.000.00208.00113.35

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FAQs on Breakout Stocks

Positive breakout stocks are ones that show possible positive momentum when they see a sizable price movement, often higher, over a certain resistance level or trading range.


 

Accurately predicting which stocks will break out on a given day is hard and very subjective. Breakouts are dependent on a number of market variables and are not easily predicted for a certain day.

Traders that employ a breakout strategy look for stocks or other assets that breach significant levels of support or resistance with the goal of profiting from the subsequent price movement in the breakout direction.

A breakout usually indicates positive momentum and suggests that prices may continue higher. However, depending on which way a breakout occurs, it might also occur downhill, indicating bearish tendencies.

One way to spot fake breakouts, also called false breakouts, is to see whether the price breaks through a level but is unable to maintain the movement. One way to identify phoney breakouts is to look for confirmation through other technical indications or higher volume.

A stock that has been trading in a particular price range for a while could suddenly see a price increase, breaking over its resistance level and maintaining the upward momentum.

Technical tools called breakout indicators are employed by traders to spot possible breakouts. Bollinger Bands, the Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD) are a few examples.

Increased volatility and substantial price movement in the breakout direction are possible after a breakout in the stock. Traders frequently anticipate that the trend will go on towards the breakthrough

A Nifty 50 index breakout occurs when the index crosses over a key resistance level or trading range, suggesting possible positive momentum for the whole market.