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 Feb 29, 2024
NameCMP Rs.Mar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Sales Qtr Rs.Cr.52w High Rs.52w Low Rs.
India Cements Ltd224.557,262.440.00-188.555,380.81277.00167.05
HeidelbergCement India Ltd206.204,692.023.3899.172,238.10247.00152.75
RSWM Ltd194.70955.932.46109.613,788.90242.75144.00
Tainwala Chemicals & Plastics (India) Ltd133.25130.950.003.2812.83166.6097.55
Sunflag Iron & Steel Company Ltd198.553,679.180.001,114.323,559.61248.95128.00
Finolex Industries Ltd217.1513,607.060.68236.594,397.05259.90158.00
IL&FS Investment Managers Ltd10.03325.977.7124.0134.9214.725.70
Andhra Sugars Ltd109.301,522.061.78174.051,452.92129.0099.95
Raj Rayon Industries Ltd27.631,506.430.00-12.38137.2289.7515.00
Alps Industries Ltd2.158.840.00-60.4317.942.851.17
Uno Minda Ltd655.9038,187.860.23426.776,657.96726.85433.00
Morarjee Textiles Ltd22.9187.200.00-185.42206.8732.7416.15
Maithan Alloys Ltd1,063.653,182.470.55426.512,907.561,333.95766.00
BGR Energy Systems Ltd54.85439.600.00-478.54806.27119.4844.25
United Breweries Ltd1,661.2044,650.550.44303.4616,642.881,913.501,342.25
Refex Industries Ltd636.901,478.920.30116.061,629.15923.95221.30
KNR Constructions Ltd275.357,906.910.09498.833,743.80305.25226.20
Krishana Phoschem Ltd245.650.000.2026.74322.82279.70201.78
Emmbi Industries Ltd106.10191.580.288.27435.33138.8073.20
Integra Essentia Ltd4.07391.220.006.60241.417.832.55
India Grid Trust133.4910,501.222.071,016.602,180.77141.51121.00
Ace Integrated Solutions Ltd37.900.000.000.476.9157.3530.55
Entero Healthcare Solutions Ltd1,037.404,874.560.00-12.46177.691,258.001,105.90

Open Demat Account

50years

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.