Top Intraday Breakout Stocks – NSE Picks & Scanner
Introduction to Intraday Breakout Stocks
Hello! Have you ever wondered why a stock spikes during the middle of the trading session? Welcome to your destination. Today, I'm going to discuss Intraday Breakout Stocks (see more on Breakout Stocks with High Volume), what they are, how they function differently from breakouts that occur over extended periods of time, and why they matter to day traders. I've spent decades studying charts, refining techniques, and assisting traders like you in discovering those big changes—and I'm glad to share that information with you.
What are intraday breakout stocks?
By Intraday Breakout Stocks, we refer to the stocks that break through a strong resistance level on the trading day itself. In short terms:
Key Definitions:
Breakout Stocks
Stocks whose price breaks above (or below) a specific limit—frequently a recent high, low, or average price—firmly. (Source)
Intraday Breakout Stocks
These are specifically concerned with price action that occurs within the span of a single day's trading session. They signify a potential rapid price movement.
The Dam Analogy: Visualizing Momentum
I envision a break-out as if water is finally able to find a flaw in the dam: it seeps through if the pressure becomes high enough (in this case, our purchasing momentum). You and I need to be there when and if it's going to happen.
Understanding these dynamics is crucial for day traders looking to capitalize on short-term price movements.
Top 30 Intraday Breakout Stocks Today
| Stock | Sector | LTP (₹) | Volume (M shrs) | Breakout Level (₹) | 14‑day RSI | Momentum Strength | 50‑DMA Status |
|---|
Momentum Strength Distribution
How to use this list
- Filter by sector to focus on areas you follow.
- Watch RSI: >70 may signal overbought, 60–70 indicates strong buying momentum.
- Confirm volume: higher volumes (in tens of millions) add conviction.
- 50‑DMA check: stocks trading above their 50‑day moving average are in “uptrend” territory.
Breakout Trading: Frequently Asked Questions
1. Are breakout stocks reliable for intraday?
Although false breakouts, in which the price reverses back below the level, do happen, breakouts can provide high-probability entries when the price surges above a well-defined resistance on strong volume.
To increase reliability, look for:
- Volume at least 1.5× your stock's average
- Confirmation candle close above the breakout level
- A distinct chart pattern (e.g., flag, triangle)
2. Which time frame is best to identify breakouts?
5- to 15-minute charts are popular for precise entry/exit on intraday moves.
30-minute charts help confirm the broader structure and filter noise.
Strategy: It often pays to scan for setups on the 30-minute, then time your entry on the 5- or 15-minute chart.
3. Can I use F&O data for confirmation?
Yes, the conviction of a breakout can be confirmed by open interest and shifts in futures volumes:
- Price increases combined with an increase in open interest point to new buyer engagement.
- Spikes in F&O turnover can foreshadow large changes in the underlying equities.
4. What constitutes a “true” breakout level?
A "true" breakout level often has these characteristics:
- A resistance line derived from the highest points of at least two previous swings.
- Frequently in line with a moving average, such as a 20- or 50-period MA.
Weight is added by recent overnight or session highs over longer time frames.
5. How much volume confirms a breakout?
Generally speaking, try to find at least 1.2 to 1.5× the average volume of the last 20 sessions.
Stronger Signal: Unexpected spikes (2× or more) are even better, as they indicate institutional interest.
6. Where to place stop-loss on a breakout trade?
Common stop-loss placements include:
- For liquid names: just below the breakout threshold (5–10 cents/ticks below).
- Alternatively, below the breakout candle's low.
- Or below the previous swing low for a more conservative stop.
7. How do I manage risk and position size?
Risk no more than 1–2% of your trading capital on any single trade.
Calculate position size based on your stop-loss distance:
Position Size = Risk Amount / (Entry Price - Stop-Loss Price)
8. Can news or events trigger false breakouts?
Yes, whipsaws can result from unexpected news (such as regulatory updates or earnings shortfalls).
Caution: Before joining, always make sure there are no sectoral or company-specific catalysts imminent.
9. Should I target a fixed reward:risk ratio?
A 2:1 reward:risk ratio is a common guideline: aim to make at least twice what you’re risking.
Trailing stops can also be used to lock in profits as the stock moves in your favor.
10. How often should I review and refine my breakout strategy?
Regular review is key:
- Examine your trade notebook once a week to identify any patterns or areas of weakness.
- To adjust for shifting market conditions, change the filters (volume threshold, time frames) once a month.
1 thought on “Top Intraday Breakout Stocks – NSE Picks & Scanner”
Pingback: Top 52 Week High Breakout Stocks with High Volume