Breakout Stocks

A breakout is a stock price moving outside a defined support or resistance level with increased volume. A breakout trader enters a long position after the stock price breaks above resistance or enters a short position after the stock breaks below support.

Below are some of the breakout stock that can be traded in the next couple of days:

1. Automotive Axle form a well defined based and breaking the 52 week high with the high volume:

2. M&M: It is in the automotive segment, M&M is one of the largest vehicle manufacturers by production in India. This share is already in uptrend and consolidating before breaking the resistance:

3.  Rajesh Export is in the jewellery business and due to high demand in gold and rising price it can give the very good return in the upcoming days: