Weekly breakout stocks are stocks with significant price movements or breakouts within a weekly timeframe, signaling a potential shift in market sentiment and investor interest. They are identified through technical analysis, volume confirmation, market sentiment, risk, volatility, and trading strategies. Traders must monitor and adapt their strategies based on evolving market conditions and risk-reward profiles.
| S.No. | Name | CMP Rs. | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Sales Qtr Rs.Cr. | 52w High Rs | 52w Low Rs |
|---|---|---|---|---|---|---|---|---|
| 1 | Exide Industries Ltd | 465.6 | 39359.25 | 0.43 | 185.7 | 4172.9 | 485 | 190 |
| 2 | Prag Bosimi Synthetics Ltd | 3.25 | 24.02 | 0 | -2.64 | 0 | 4.53 | 1.9 |
| 3 | Kirloskar Industries Ltd | 5925.9 | 5853.55 | 0.19 | 104.74 | 1553.52 | 5998 | 2461 |
| 4 | Manali Petrochemicals Ltd | 79.2 | 1354.32 | 0.95 | 1.3 | 256.28 | 87.15 | 55.9 |
| 5 | Max Financial Services Ltd | 999.7 | 34533.91 | 0 | -50.08 | 14887.81 | 1092.6 | 660.05 |
| 6 | Sundram Fasteners Ltd | 1218.15 | 25344.63 | 0.72 | 129.44 | 1367.25 | 1334.15 | 1002.05 |
| 7 | ACC Ltd | 2498 | 46745.88 | 0.3 | 944.84 | 5408.72 | 2759.95 | 1704.45 |
| 8 | Torrent Pharmaceuticals Ltd | 2657 | 89706.01 | 0.83 | 443 | 2691 | 2782 | 1599 |
| 9 | SKF India Ltd | 5275 | 26284.43 | 2.45 | 175.23 | 1203.4 | 5528.9 | 4025 |
| 10 | Cummins India Ltd | 3693.3 | 102157.9 | 0.68 | 498.91 | 2509.79 | 3704.4 | 1557.15 |
| 11 | Larsen & Toubro Ltd | 3405.85 | 468782.62 | 1 | 5003.54 | 67078.68 | 3859.65 | 2168.65 |
| 12 | Mahindra & Mahindra Ltd | 2312 | 286328.73 | 0.68 | 2977.04 | 35218.32 | 2317.5 | 1238 |
| 13 | Bharat Petroleum Corporation Ltd | 621.5 | 135545.76 | 3.31 | 4789.57 | 116554.73 | 687.65 | 331.5 |
| 14 | Gujarat State Fertilizers & Chemicals Ltd | 233.3 | 9312.42 | 4.28 | 117.99 | 2007.75 | 322.45 | 146.15 |
| 15 | Akzo Nobel India Ltd | 2558 | 11620.98 | 2.54 | 113.8 | 1032.7 | 3076.4 | 2265.1 |
| 16 | Balkrishna Industries Ltd | 2517.85 | 48627.01 | 0.64 | 305.42 | 2274.41 | 2793.7 | 2105 |
| 17 | Ravindra Energy Ltd | 65.47 | 1005.89 | 0 | -63.36 | 30.12 | 129.7 | 42 |
| 18 | Tilaknagar Industries Ltd | 233.35 | 4470.38 | 0.1 | 43.77 | 376.69 | 291 | 132.5 |
| 19 | Foods & Inns Ltd | 154.5 | 867.63 | 0.29 | 3.75 | 149.86 | 222.35 | 127 |
| 20 | AYM Syntex Ltd | 92.71 | 456.95 | 0 | -0.92 | 331.39 | 107 | 63.96 |
| 21 | SecureKloud Technologies Ltd | 39 | 134.98 | 0 | -13.46 | 87.65 | 72.95 | 33.56 |
| 22 | Vama Industries Ltd | 5.1 | 26.69 | 0 | 0 | 2.01 | 7.2 | 4 |
| 23 | Pitti Engineering Ltd | 869 | 2807.43 | 0.17 | 40.35 | 327.88 | 916.4 | 334.5 |
| 24 | Tulsyan NEC Ltd | 114.5 | 172.13 | 0 | -14.46 | 252.74 | 125.75 | 49.31 |
| 25 | Suryalata Spinning Mills Ltd | 388.6 | 165.75 | 0.77 | 3.69 | 116.64 | 1634.95 | 348.6 |
| 26 | Ganesha Ecosphere Ltd | 1067.6 | 2713.52 | 0.16 | 12.73 | 284.83 | 1149.55 | 813 |
| 27 | Anant Raj Ltd | 382 | 13051.68 | 0.19 | 87.77 | 442.59 | 383 | 138.2 |
| 28 | 3P Land Holdings Ltd | 30.98 | 56.18 | 0 | 0.36 | 0.89 | 40.13 | 18.1 |
| 29 | Ador Welding Ltd | 1358.9 | 1837.56 | 1.3 | 16.36 | 198.53 | 1770 | 1022.45 |
| 30 | Havells India Ltd | 1752.85 | 109785.47 | 0.51 | 446.7 | 5442.02 | 1756.4 | 1233.1 |
| 31 | G V Films Ltd | 0.77 | 70.43 | 0 | -0.46 | 0 | 1.2 | 0.4 |
| 32 | Shipping Corporation of India Ltd | 224.6 | 10452.55 | 0.2 | 134.35 | 1340.68 | 290.6 | 93.7 |
| 33 | Sika Interplant Systems Ltd | 2195 | 946.88 | 0.18 | 4.73 | 26 | 2275 | 526 |
| 34 | Sayaji Hotels Ltd | 312.95 | 548.23 | 0 | 8.3 | 31.52 | 434.69 | 247 |
| 35 | Marksans Pharma Ltd | 165.05 | 7454.54 | 0.3 | 82.97 | 586.13 | 185.4 | 70.2 |
| 36 | Caplin Point Laboratories Ltd | 1348.8 | 10268.08 | 0.33 | 119.82 | 435.5 | 1617.8 | 690.4 |
| 37 | Premier Explosives Ltd | 2412 | 2573.82 | 0.07 | 1.72 | 44.56 | 2789 | 404.85 |
| 38 | Thakkers Developers Ltd | 170 | 154.44 | 0 | 0.77 | 5.19 | 274.9 | 117.95 |
| 39 | Gujarat Alkalies & Chemicals Ltd | 815 | 5921.83 | 2.92 | -115.12 | 920.9 | 869.6 | 615.05 |
| 40 | Sanghvi Movers Ltd | 1442 | 6237.15 | 0.28 | 61.28 | 167.04 | 1448 | 366.15 |
| 41 | U. Y. Fincorp Ltd | 27.85 | 525.06 | 0 | 5.25 | 15.27 | 36.46 | 17.75 |
| 42 | Onesource Ideas Venture Ltd | 62.5 | 31.93 | 0 | -2.2 | 0.03 | 103.85 | 34.45 |
| 43 | Om Infra Ltd | 129.7 | 1238.9 | 0.39 | 6.11 | 271.51 | 158.15 | 39.9 |
| 44 | Balu Forge Industries Ltd | 311 | 3157.78 | 0 | 28.28 | 161.17 | 317 | 98.23 |
| 45 | Alfavision Overseas (India) Ltd | 13.9 | 43.19 | 0 | -3.2 | -1.74 | 25.05 | 13.2 |
| 46 | Zydus Wellness Ltd | 1777.45 | 11144.53 | 0.29 | 150.3 | 778 | 1790.75 | 1425 |
| 47 | Lincoln Pharmaceuticals Ltd | 597.85 | 1198.08 | 0.25 | 28.04 | 146.45 | 754.25 | 365.4 |
| 48 | Agarwal Industrial Corporation Ltd | 882 | 1337.6 | 0.28 | 27.63 | 488.18 | 1154.25 | 585.1 |
| 49 | Saregama India Ltd | 423.35 | 8188.43 | 0.71 | 52.35 | 204.26 | 458.8 | 284.02 |
| 50 | Cybertech Systems & Software Ltd | 146.1 | 455.6 | 1.37 | 7.06 | 56.51 | 215.4 | 120 |
| 51 | Engineers India Ltd | 246.65 | 13918.98 | 1.21 | 52.74 | 867.64 | 273.8 | 94.71 |
| 52 | Jindal Steel & Power Ltd | 996.5 | 101396.76 | 0.2 | 933.46 | 13486.96 | 999 | 503 |
| 53 | Compucom Software Ltd | 32.6 | 258.42 | 1.23 | 1.07 | 22.69 | 44.95 | 17.24 |
| 54 | Avantel Ltd | 115.1 | 2797.6 | 0 | 12.15 | 41.76 | 140 | 32.27 |
| 55 | Bharti Airtel Ltd | 1307.85 | 780925.65 | 0.59 | 2068.2 | 37599.1 | 1364.05 | 783.6 |
| 56 | Balmer Lawrie Investment Ltd | 819.05 | 1819.07 | 4.03 | 67.52 | 587.08 | 821 | 379.9 |
| 57 | Astra Microwave Products Ltd | 723.15 | 6856.45 | 0.2 | 43.38 | 231.02 | 729.6 | 317.45 |
| 58 | Strides Pharma Science Ltd | 878.35 | 8044.44 | 0.17 | 54.06 | 1037.67 | 914 | 346.4 |
| 59 | Nectar Lifescience Ltd | 35.34 | 801.73 | 0 | 0.59 | 439.85 | 45.7 | 16.35 |
| 60 | Suzlon Energy Ltd | 42.19 | 56929.75 | 0 | 203.04 | 1552.91 | 50.72 | 8.19 |
| 61 | Mahindra & Mahindra Financial Services Ltd | 267.1 | 32977.83 | 2.36 | 670.64 | 4280.32 | 346.4 | 243.9 |
| 62 | Firstsource Solutions Ltd | 195.4 | 13735.31 | 1.78 | 133.5 | 1669.29 | 229 | 122.2 |
| 63 | Power Finance Corporation Ltd | 438.55 | 144065.94 | 3.09 | 7556.43 | 24064.14 | 485.3 | 130.44 |
| 64 | Power Grid Corporation of India Ltd | 315 | 292969.02 | 3.51 | 4028.25 | 11549.79 | 317.4 | 172.54 |
| 65 | Paisalo Digital Ltd | 65.82 | 5910.93 | 0.15 | 36.61 | 195.29 | 99.63 | 21.01 |
| 66 | Globus Spirits Ltd | 743.1 | 3585.37 | 0.48 | 44.38 | 687.49 | 1326.25 | 700 |
| 67 | GKB Ophthalmics Ltd | 100.2 | 50.15 | 0 | -1.31 | 24.04 | 136.4 | 74.1 |
| 68 | Va Tech Wabag Ltd | 978.75 | 6042.11 | 0 | 62.6 | 704.4 | 1030 | 389.15 |
| 69 | Jupiter Wagons Ltd | 516 | 21132.11 | 0.06 | 104.63 | 1115.41 | 523 | 112.15 |
| 70 | Kirloskar Oil Engines Ltd | 1172.5 | 17195.98 | 0.51 | 146.81 | 1660.02 | 1200 | 379.25 |
| 71 | Texmaco Rail & Engineering Ltd | 178.3 | 7112.52 | 0.07 | 25.76 | 896.44 | 231.9 | 52.61 |
| 72 | Triveni Turbine Ltd | 584.4 | 18598.98 | 0 | 68.3 | 431.7 | 596.95 | 311.85 |
| 73 | Speciality Restaurants Ltd | 173.05 | 827.52 | 0.58 | 3.38 | 96.19 | 287.25 | 168 |
| 74 | RattanIndia Enterprises Ltd | 72.57 | 10038.04 | 0 | 187.35 | 1653.5 | 94.85 | 37.01 |
| 75 | Arvind SmartSpaces Ltd | 707.3 | 3188.36 | 0.5 | 19.51 | 117.37 | 762.95 | 294.1 |
| 76 | Interglobe Aviation Ltd | 4303.15 | 165746.97 | 0 | 2998.12 | 19452.15 | 4313.75 | 2230.45 |
| 77 | IFL Enterprises Ltd | 1.82 | 46.03 | 0 | 0.88 | 2.05 | 15.36 | 1.49 |
| 78 | Variman Global Enterprises Ltd | 25.82 | 488.01 | 0 | -0.38 | 27.04 | 34 | 11.01 |
| 79 | ERIS Lifesciences Ltd | 881 | 12093.94 | 0.83 | 101.46 | 483.48 | 971 | 605.2 |
| 80 | Prataap Snacks Ltd | 866.1 | 2071.5 | 0.11 | 21.61 | 397.91 | 1450 | 751.85 |
| 81 | Shree Ganesh Remedies Ltd | 562 | 323.28 | 0.19 | 4.2 | 21.13 | 349 | 213.2 |
| 82 | Tube Investments of India Ltd | 3746 | 73040.28 | 0.11 | 271.31 | 4345 | 4159.5 | 2647.1 |
| 83 | Future Supply Chain Solutions Ltd | 4.9 | 22.38 | 0 | -30.02 | 67.04 | 14.37 | 4.9 |
| 84 | Chemfab Alkalis Ltd | 607.5 | 864.84 | 0.2 | 7.1 | 86.33 | 742.65 | 283 |
| 85 | Adani Green Energy Ltd | 1839 | 291081.81 | 0 | 265 | 2498 | 2016 | 816 |
| 86 | Varroc Engineering Ltd | 546 | 8352.83 | 0 | 383.89 | 1884.59 | 631 | 292.15 |
| 87 | HDFC Asset Management Company Ltd | 3757.05 | 80309.48 | 1.86 | 540.84 | 695.43 | 4066.1 | 1739 |
| 88 | A-1 Acid Ltd | 348.2 | 404.05 | 0.43 | 0.28 | 39.55 | 439.95 | 294.8 |
| 89 | MSTC Ltd | 881.85 | 6249.41 | 1.69 | 49.97 | 184.98 | 1165 | 300.6 |
| 90 | Rail Vikas Nigam Ltd | 276.6 | 57463.15 | 0.77 | 358.57 | 4689.33 | 345.6 | 110.5 |
| 91 | Vikas Lifecare Ltd | 5.19 | 878.32 | 0 | -3.87 | 99.28 | 7.92 | 2.66 |
| 92 | Brookfield India Real Estate Trust | 255.84 | 11237.07 | 5.28 | 16.57 | 530.78 | 277.5 | 231.3 |
| 93 | Knowledge Marine & Engineering Works Ltd | 1290 | 1393 | 0 | 23.84 | 122.71 | 1815 | 955 |
| 94 | Laxmi Organic Industries Ltd | 244 | 6693.2 | 0.2 | 27.19 | 694.3 | 320.7 | 222 |
| 95 | G R Infraprojects Ltd | 1483.3 | 14112.24 | 0 | 242.88 | 2134.02 | 1484.65 | 1025 |
| 96 | Clean Science & Technology Ltd | 1321.65 | 14089.55 | 0.38 | 70.27 | 227.53 | 1622.4 | 1275.35 |
| 97 | Devyani International Ltd | 151.1 | 18206.02 | 0 | -48.95 | 1047.08 | 227.75 | 142.3 |
| 98 | Metro Brands Ltd | 1107.5 | 30070.34 | 0.36 | 98.05 | 635.5 | 1440.45 | 830.45 |
| 99 | Vedant Fashions Ltd | 1043.85 | 25315.54 | 0.82 | 115.79 | 363.16 | 1481.35 | 886.05 |
| 100 | Eureka Forbes Ltd | 431.7 | 8307.12 | 0 | 22.97 | 539.43 | 598.75 | 355 |
| 101 | Rainbow Childrens Medicare Ltd | 1333.4 | 13548.95 | 0.22 | 62.57 | 335.96 | 1649 | 869.1 |
| 102 | Paradeep Phosphates Ltd | 71.7 | 5848.48 | 0.7 | 21.5 | 2242.74 | 85.9 | 51.61 |
| 103 | Archean Chemical Industries Ltd | 615.35 | 7604.96 | 0.32 | 57.59 | 283.91 | 838.2 | 495 |
| 104 | S. V. J. Enterprises Ltd | 32.48 | 18.09 | 0 | 0.49 | 1.85 | 99.43 | 25.2 |
| 105 | Redtape Ltd | 729 | 10093.58 | 0 | 60.82 | 617.57 | 745.4 | 410.55 |
| 106 | Concord Biotech Ltd | 1478.1 | 15529.23 | 0.46 | 77.57 | 240.8 | 1711.95 | 900 |
| 107 | EMS Ltd | 446.6 | 2483.34 | 0 | 37.43 | 199.56 | 599 | 246.5 |
| 108 | Nuvama Wealth Management Ltd | 4900 | 17297.27 | 0 | 180.74 | 927.38 | 5528.3 | 2111 |
| 109 | Innova Captab Ltd | 477.5 | 2737.35 | 0 | 25.13 | 302.49 | 590 | 444 |
| 110 | Entero Healthcare Solutions Ltd | 1007.7 | 4386.13 | 0 | 6.98 | 992.63 | 1258 | 974.45 |
| 111 | TBO Tek Ltd | 1422.6 | 15254.96 | 0 | 28.31 | 281.41 | 1455.95 | 1275 |
Name
CMP Rs.
465.6
3.25
5925.9
79.2
999.7
1218.15
2498
2657
5275
3693.3
3405.85
2312
621.5
233.3
2558
2517.85
65.47
233.35
154.5
92.71
39
5.1
869
114.5
388.6
1067.6
382
30.98
1358.9
1752.85
0.77
224.6
2195
312.95
165.05
1348.8
2412
170
815
1442
27.85
62.5
129.7
311
13.9
1777.45
597.85
882
423.35
146.1
246.65
996.5
32.6
115.1
1307.85
819.05
723.15
878.35
35.34
42.19
267.1
195.4
438.55
315
65.82
743.1
100.2
978.75
516
1172.5
178.3
584.4
173.05
72.57
707.3
4303.15
1.82
25.82
881
866.1
562
3746
4.9
607.5
1839
546
3757.05
348.2
881.85
276.6
5.19
255.84
1290
244
1483.3
1321.65
151.1
1107.5
1043.85
431.7
1333.4
71.7
615.35
32.48
729
1478.1
446.6
4900
477.5
1007.7
1422.6
Mar Cap Rs.Cr.
39359.25
24.02
5853.55
1354.32
34533.91
25344.63
46745.88
89706.01
26284.43
102157.9
468782.62
286328.73
135545.76
9312.42
11620.98
48627.01
1005.89
4470.38
867.63
456.95
134.98
26.69
2807.43
172.13
165.75
2713.52
13051.68
56.18
1837.56
109785.47
70.43
10452.55
946.88
548.23
7454.54
10268.08
2573.82
154.44
5921.83
6237.15
525.06
31.93
1238.9
3157.78
43.19
11144.53
1198.08
1337.6
8188.43
455.6
13918.98
101396.76
258.42
2797.6
780925.65
1819.07
6856.45
8044.44
801.73
56929.75
32977.83
13735.31
144065.94
292969.02
5910.93
3585.37
50.15
6042.11
21132.11
17195.98
7112.52
18598.98
827.52
10038.04
3188.36
165746.97
46.03
488.01
12093.94
2071.5
323.28
73040.28
22.38
864.84
291081.81
8352.83
80309.48
404.05
6249.41
57463.15
878.32
11237.07
1393
6693.2
14112.24
14089.55
18206.02
30070.34
25315.54
8307.12
13548.95
5848.48
7604.96
18.09
10093.58
15529.23
2483.34
17297.27
2737.35
4386.13
15254.96
Div Yld %
0.43
0
0.19
0.95
0
0.72
0.3
0.83
2.45
0.68
1
0.68
3.31
4.28
2.54
0.64
0
0.1
0.29
0
0
0
0.17
0
0.77
0.16
0.19
0
1.3
0.51
0
0.2
0.18
0
0.3
0.33
0.07
0
2.92
0.28
0
0
0.39
0
0
0.29
0.25
0.28
0.71
1.37
1.21
0.2
1.23
0
0.59
4.03
0.2
0.17
0
0
2.36
1.78
3.09
3.51
0.15
0.48
0
0
0.06
0.51
0.07
0
0.58
0
0.5
0
0
0
0.83
0.11
0.19
0.11
0
0.2
0
0
1.86
0.43
1.69
0.77
0
5.28
0
0.2
0
0.38
0
0.36
0.82
0
0.22
0.7
0.32
0
0
0.46
0
0
0
0
0
NP Qtr Rs.Cr.
185.7
-2.64
104.74
1.3
-50.08
129.44
944.84
443
175.23
498.91
5003.54
2977.04
4789.57
117.99
113.8
305.42
-63.36
43.77
3.75
-0.92
-13.46
0
40.35
-14.46
3.69
12.73
87.77
0.36
16.36
446.7
-0.46
134.35
4.73
8.3
82.97
119.82
1.72
0.77
-115.12
61.28
5.25
-2.2
6.11
28.28
-3.2
150.3
28.04
27.63
52.35
7.06
52.74
933.46
1.07
12.15
2068.2
67.52
43.38
54.06
0.59
203.04
670.64
133.5
7556.43
4028.25
36.61
44.38
-1.31
62.6
104.63
146.81
25.76
68.3
3.38
187.35
19.51
2998.12
0.88
-0.38
101.46
21.61
4.2
271.31
-30.02
7.1
265
383.89
540.84
0.28
49.97
358.57
-3.87
16.57
23.84
27.19
242.88
70.27
-48.95
98.05
115.79
22.97
62.57
21.5
57.59
0.49
60.82
77.57
37.43
180.74
25.13
6.98
28.31
Sales Qtr Rs.Cr.
4172.9
0
1553.52
256.28
14887.81
1367.25
5408.72
2691
1203.4
2509.79
67078.68
35218.32
116554.73
2007.75
1032.7
2274.41
30.12
376.69
149.86
331.39
87.65
2.01
327.88
252.74
116.64
284.83
442.59
0.89
198.53
5442.02
0
1340.68
26
31.52
586.13
435.5
44.56
5.19
920.9
167.04
15.27
0.03
271.51
161.17
-1.74
778
146.45
488.18
204.26
56.51
867.64
13486.96
22.69
41.76
37599.1
587.08
231.02
1037.67
439.85
1552.91
4280.32
1669.29
24064.14
11549.79
195.29
687.49
24.04
704.4
1115.41
1660.02
896.44
431.7
96.19
1653.5
117.37
19452.15
2.05
27.04
483.48
397.91
21.13
4345
67.04
86.33
2498
1884.59
695.43
39.55
184.98
4689.33
99.28
530.78
122.71
694.3
2134.02
227.53
1047.08
635.5
363.16
539.43
335.96
2242.74
283.91
1.85
617.57
240.8
199.56
927.38
302.49
992.63
281.41
52w High Rs
485
4.53
5998
87.15
1092.6
1334.15
2759.95
2782
5528.9
3704.4
3859.65
2317.5
687.65
322.45
3076.4
2793.7
129.7
291
222.35
107
72.95
7.2
916.4
125.75
1634.95
1149.55
383
40.13
1770
1756.4
1.2
290.6
2275
434.69
185.4
1617.8
2789
274.9
869.6
1448
36.46
103.85
158.15
317
25.05
1790.75
754.25
1154.25
458.8
215.4
273.8
999
44.95
140
1364.05
821
729.6
914
45.7
50.72
346.4
229
485.3
317.4
99.63
1326.25
136.4
1030
523
1200
231.9
596.95
287.25
94.85
762.95
4313.75
15.36
34
971
1450
349
4159.5
14.37
742.65
2016
631
4066.1
439.95
1165
345.6
7.92
277.5
1815
320.7
1484.65
1622.4
227.75
1440.45
1481.35
598.75
1649
85.9
838.2
99.43
745.4
1711.95
599
5528.3
590
1258
1455.95
52w Low Rs
190
1.9
2461
55.9
660.05
1002.05
1704.45
1599
4025
1557.15
2168.65
1238
331.5
146.15
2265.1
2105
42
132.5
127
63.96
33.56
4
334.5
49.31
348.6
813
138.2
18.1
1022.45
1233.1
0.4
93.7
526
247
70.2
690.4
404.85
117.95
615.05
366.15
17.75
34.45
39.9
98.23
13.2
1425
365.4
585.1
284.02
120
94.71
503
17.24
32.27
783.6
379.9
317.45
346.4
16.35
8.19
243.9
122.2
130.44
172.54
21.01
700
74.1
389.15
112.15
379.25
52.61
311.85
168
37.01
294.1
2230.45
1.49
11.01
605.2
751.85
213.2
2647.1
4.9
283
816
292.15
1739
294.8
300.6
110.5
2.66
231.3
955
222
1025
1275.35
142.3
830.45
886.05
355
869.1
51.61
495
25.2
410.55
900
246.5
2111
444
974.45
1275
About Weekly breakout stocks
Why are Weekly Stock Breakouts Important?
Traders and active investors utilise breakouts to spot emerging trends. They are frequently followed by price movement and increased volatility, making them an ideal environment for finding profitable chances.
The concept of breakouts is basic. If a company hits Rs.100 many times but then retraces, investors will be hesitant to purchase it since they are unlikely to make a profit.
If the price does cross Rs. 100, those investors may perceive it as a signal to buy, while those having a short position in the company may close it to reduce their loss. In this high-demand scenario, the stock's price may skyrocket, perhaps indicating a long-term new trend.
How to Identify Weekly Breakout Stocks?
To select weekly breakout stocks, first look for a market with a clearly defined region of support or resistance. As we have previously shown, the more times a stock bounces off this level, the better.
Consolidation occurs when a market becomes caught in a channel between clearly defined support and resistance levels. Various patterns inside a consolidation, such as head and shoulders, triangles, or flags, might suggest an impending breakout.
Longer periods of consolidation are frequently connected with larger breakouts. A stock that has traded inside a specific range for an extended period of time is more likely to make a large move than one that has just been consolidating for a few weeks.
