Stocks Close to Breakout

A Close to Breakout pattern occurs when a stock is trading just below a well-established resistance level, typically within a few percentage points. It suggests that the stock is building pressure and may soon break above this level, especially if supported by rising volume or positive price action.

📌 Stock Selection Criteria

  • The stocks listed below are trading very close to their previous resistance levels, setting them up for a potential Breakout. This screener lists down stocks close to a breakout after periods of consolidation ranging from one month to several years, including the ones that are close to multi-year breakout. 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.
    • The current market price should be within 5% of the previous resistance level.
    • The stock’s market capitalization must be greater than ₹800 Cr.
Loading data...