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 Apr 27, 2024
NameCMP Rs.Mar Cap Rs.Cr.NP Qtr Rs.Cr.Sales Qtr Rs.Cr.52w High Rs.52w Low Rs.
Apollo Tyres Ltd489.1530,888.13578.7417,301.02559.85327.80
Everest Industries Ltd1,192.851,850.8643.201,645.031,448.10791.95
K C P Ltd183.402,352.81-25.541,672.10233.7099.45
NELCO Ltd781.751,842.6020.88197.04894.00530.50
Cholamandalam Financial Holdings Ltd1,117.5020,678.9957.8783.761,282.75567.00
Gandhi Special Tubes Ltd785.55945.9747.34167.47935.00502.05
Pennar Industries Ltd143.351,893.3044.202,288.30162.3066.59
Sarda Energy & Minerals Ltd231.057,902.15638.413,020.45264.95104.80
Patel Engineering Ltd65.704,927.17155.563,817.1379.0017.70
Welspun Living Ltd160.2515,660.69151.685,654.62171.7082.90
Precision Wires India Ltd136.952,438.6859.493,033.58155.5071.15
Ashima Ltd22.40412.45-6.65206.9826.3012.05
Filatex India Ltd63.902,759.0189.904,303.8778.0035.05
Sterling Tools Ltd359.151,292.7341.43597.65429.00305.00
Paramount Communications Ltd78.552,232.1947.77796.47116.7033.65
RBL Bank Ltd264.5515,905.16882.729,129.85300.50138.85
Country Condos Ltd6.6546.720.8121.107.053.50
Jammu and Kashmir Bank Ltd129.9014,381.441,197.389,355.11152.4549.93
Compucom Software Ltd35.20231.604.6551.1044.9517.18
Energy Development Company Ltd24.00109.010.6512.8236.6915.60
Mahindra & Mahindra Financial Services Ltd258.8032,570.091,984.3211,052.94346.40243.90
Mahindra Holidays & Resorts India Ltd418.358,451.68158.581,196.18469.80280.05
Triveni Engineering and Industries Ltd355.307,764.311,924.016,306.90417.00261.30
Gujarat State Petronet Ltd298.5517,019.44944.951,761.80407.30254.75
MSP Steel & Power Ltd27.551,062.59-53.702,550.4033.058.25
Jindal Photo Ltd636.65656.54156.35161.41823.00321.00
Astral Ltd1,973.7052,626.72447.904,611.602,143.501,382.25
Magnum Ventures Ltd58.20342.3170.86460.0177.8127.13
Future Consumer Ltd0.95183.73-547.2551.731.270.70
Rashi Peripherals Ltd342.102,233.34123.079,262.25388.15291.25
BF Investment Ltd589.702,183.5368.0194.55660.00364.00
Gravita India Ltd965.106,713.25101.152,524.391,167.05484.45
Adani Total Gas Ltd922.80101,490.47529.824,683.231,259.90521.95
Onelife Capital Advisors Ltd18.8123.990.015.5032.8210.80
Thomas Scott India Ltd282.00277.942.8862.79360.2040.10
Jindal Poly Investment & Finance Company Ltd713.45743.37349.54152.73841.00449.00
L&T Technology Services Ltd5,215.8055,096.171,110.407,108.105,884.953,376.95
Pansari Developers Ltd91.900.002.0123.01152.0070.20
Agro Phos India Ltd47.100.005.00131.0265.7532.90
Muthoot Microfin Ltd242.104,113.98163.891,429.10281.00196.60
Airan Ltd27.10345.069.2786.2437.0014.56
Creative Newtech Ltd806.000.0020.851,348.30915.00358.30
D P Wires Ltd525.20820.9841.011,215.31681.45335.69
Sintercom India Ltd128.950.00-0.0182.21139.6599.05
Arvind Fashions Ltd473.906,173.989.86740.57533.35264.00
Sapphire Foods India Ltd1,399.059,001.75226.061,962.781,699.951,169.55
Spencers Retail Ltd105.25947.02-153.232,411.80139.4056.90
Gensol Engineering Ltd970.103,696.7726.64365.691,377.10312.00
Sigachi Industries Ltd67.352,212.2641.56290.3295.9423.16
Robust Hotels Ltd166.00288.6855.32106.34229.0084.55
C.E. Info Systems Ltd2,032.6010,982.02108.75253.852,340.00983.45
Auro Impex & Chemicals Ltd0.000.005.57181.38118.0055.15
Epack Durable Ltd201.001,966.7530.511,519.76225.00150.95

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.