Breakout Stocks
A breakout pattern occurs when a stock moves decisively above a well-established resistance level with increased volume or momentum. A breakout signals potential strength and a shift in market sentiment.
📌 Stock Selection Criteria
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The stocks listed below have recently given a Breakout. This
screener
lists down stocks breaking out after periods of consolidation ranging from one month to several years,
including multi-year breakouts. They have been selected after analyzing more than 2,000 stocks in the Indian
stock market across both daily and weekly timeframes. These stocks meet the
following criteria:
- The stock must have previously faced resistance at a key level.
- It should have decisively moved and closed at least 1% above that resistance level.
- The breakout should have occurred within the last 3 weeks.
- The stock’s market cap must be greater than ₹800 Cr.