List of Breakout Stocks on All time High Basis
What is a Breakout?
A breakout occurs when the price of a stock moves above a major resistance or below a major support level. These levels represent key price zones where buying or selling pressure has historically been strong enough to halt or reverse the prevailing trend.
Major resistance levels can include an all-time high, 52-week high, monthly high, weekly high, or a daily high. A breakout can also occur when the price moves away from significant technical indicators such as moving averages, or when it breaks out from chart patterns like a flag, triangle, or inverted head and shoulders.
Among these, the strongest breakout is generally considered to be when the stock price surpasses its all-time high after a prolonged period of consolidation. Short-term breakouts typically occur when the price moves beyond short-lived resistance or support levels in a dynamic market environment.
Topics of Discussion
How to Judge the Strength of a Breakout
The strength of a breakout largely depends on how long it took for the price to breach a key level. The longer the time span taken to break a strong resistance or support, the more powerful and sustainable the breakout tends to be.
A breakout does not necessarily imply that the price will never return to that level again. Often, prices retest the breakout zone during short-term pullbacks. However, once a valid breakout occurs, the intermediate-term trend generally shifts in the direction of the breakout.
In conclusion, an all-time high breakout is typically regarded as the most powerful and significant type of breakout, as it indicates renewed strength and the potential for a major upward trend.
Price Projection After a Positive Breakout
How Much Is Price Expected To Travel After a Positive Breakout?
This is an important question for projecting post-breakout price movement. A commonly used, practical guideline based on Fibonacci analysis is described below.
After a positive breakout above an all-time high, one useful projection is to add 37.5% of the preceding short-term rally to the previous all-time high. This gives a readily calculable target that traders and analysts often use as a first estimate for the next resistance zone.
Projected target = Previous All‑Time High + (37.5% × Last short‑Term Rally)
The last short-term rally refers to the price increase measured from the prior significant low up to the point before the breakout began. Calculating 37.5% of that measured move and adding it to the previous all‑time high yields the projection shown above.
This method is a rule‑of‑thumb rather than a precise law. Charts and real‑time price action are essential to validate the projection: prices often retest the breakout level, and momentum, volume, and broader market context will influence whether the projected target is reached and how quickly.
This part is normally illustrated with charts showing the measured rally, the breakout above the all‑time high, and the calculated 37.5% projection. Use this guideline alongside other technical and fundamental checks before placing trades.
All Time High Breakout Stocks from Nifty Next 50
Here is a list of all time high break out stocks taken from Nifty Next 50 index stocks.
- Cholamandalam In & Fin Co
- Torrent Pharma
- BPCL
- TVS Motor
- VEDL
- Jindal Steel
- Bank of Baroda
- Canara Bank
Cholamandalam In & Fin Co
The above chart represents the weekly Candlestick Chart of Cholamandalam In & Fin Co .
The previous rally began at ₹1,412, with a breakout level at ₹1,683. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹1,784. If the price successfully breaches ₹1,784, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
In the chart, two breakout levels are highlighted:
The first breakout level at ₹1,650, which failed to sustain its momentum and resulted in a sharp correction.
The second breakout level at ₹1,683, where another correction occurred initially, but the stock eventually surpassed its all-time high, confirming a strong breakout.
This pattern suggests that when a stock revisits its all-time high, it often indicates an underlying strength and a high probability of breaking that level in the near future. Therefore, patience and conviction become crucial for investors aiming to capture the full potential of such movements.
Torrent Pharma Ltd
The above chart represents the Candlestick Chart of Torrent Pharma
The previous rally began at ₹3,102, with a breakout level at ₹3,592. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹3,775. If the price successfully breaches ₹3,775, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
BPCL
The above chart represents the Candlestick Chart of BPCL.
The previous rally began at ₹300, with a breakout level at ₹369. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹395. If the price successfully breaches ₹395, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
TVS Motor
The above chart represents the Candlestick Chart of TVS Motor
The previous rally began at ₹2,336, with a breakout level at ₹2,962. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹3,234. If the price successfully breaches ₹3,234, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
VEDL or Vedanta
The above chart represents the Candlestick Chart of VEDL.
The previous rally began at ₹407, with a breakout level at ₹509. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹547. If the price successfully breaches ₹547, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
Jindal Steel
The above chart represents the Candlestick Chart of Jindal Steel.
The previous rally began at ₹770, with a breakout level at ₹1,099. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹1,222. If the price successfully breaches ₹1,222, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
Bank of Baroda
The above chart represents the Candlestick Chart of Bank of Baroda.
The previous rally began at ₹230, with a breakout level at ₹283. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹303. If the price successfully breaches ₹1303, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
Canara Bank
The above chart represents the Candlestick Chart of Canara Bank
The previous rally began at ₹107, with a breakout level at ₹121. Based on the Fibonacci projection principle, the 37.5% extension level is estimated at ₹126. If the price successfully breaches ₹126, the next potential targets are the 50%, 62.5%, and ultimately the 100% projection levels, respectively.
Projection Data Table
| Stocks | Starting Value | Breakout at | Projection (37.5%) | Projection (50%) | Projection (62.5%) | Projection (100%) |
|---|---|---|---|---|---|---|
| Cholamandalam | 1412 | 1683 | 1784.625 | 1818.5 | 1852.375 | 1954 |
| Torrent Pharma | 3102 | 3592 | 3775.75 | 3837 | 3898.25 | 4082 |
| BPCL | 300 | 369 | 394.875 | 403.5 | 412.125 | 438 |
| Tvs | 2236 | 2962 | 3234.25 | 3325 | 3415.75 | 3688 |
| VEDL | 407 | 509 | 547.25 | 560 | 572.75 | 611 |
| Jindal Steel | 770 | 1099 | 1222.375 | 1263.5 | 1304.625 | 1428 |
| Bank of Baroda | 230 | 283 | 302.875 | 309.5 | 316.125 | 336 |
| Canara Bank | 107 | 121 | 126.25 | 1825.5 | 129.75 | 135 |
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