Sign InBreakout Stocks of Week 16 @ NSE
NASDAQ was up last week (week 15) by 4.68% ending at 22,902.89 points after gaining 1,023.71 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Vardhman Textiles Limited NSE:VTL. This stock has had a buy signal since Apr 01, 2026 when the price was ₹529.80 and is so far up 5.86% to ₹560.85. Some other companies are on our watchlist to, among these are Anand Rathi Wealth Limited NSE:ANANDRATHI Kennametal India Limited NSE:KENNAMET Ipca Laboratories Limited NSE:IPCALAB and Oil India Limited NSE:OIL which all got a breakout pattern emerging.
| Date | Company | Price | Week 16 |
|---|---|---|---|
| Vardhman Textiles Limited | ₹560.85 | ₹557.60 | -0.579% |
| Anand Rathi Wealth Limited | ₹1,789.25 | ₹1,844.90 | 3.11% |
| Kennametal India Limited | ₹2,239.05 | ₹2,433.60 | 8.69% |
| Ipca Laboratories Limited | ₹1,456.20 | ₹1,468.30 | 0.83% |
| Oil India Limited | ₹471.30 | ₹470.10 | -0.255% |
The Vardhman Textiles Limited stock price gained 2.00% on the last trading day (Friday, 10th Apr 2026), rising from ₹549.85 to ₹560.85. During the last trading day the stock fluctuated 3.07% from a day low at ₹549.15 to a day high of ₹566.00. The price has risen in 7 of the last 10 days and is up by 4.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 133 thousand more shares were traded than the day before. In total, 645 thousand shares were bought and sold for approximately ₹361.61 million.
Vardhman Textiles Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Vardhman Textiles Limited:
Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells textiles and fibre in India, rest of Asia, the United States, Europe, and the Middle East. It offers yarns, fabrics, fibers, threads, and garments. The company also provides specialized greige and dyed yarns in cotton, polyester, acrylic, and various blends; and value added products, such as organic cotton, melange, core spun yarns, ultra yarns, gassed mercerized, super fine yarns, slub and cellulose yarns, and fancy yarns for hand knitting. In addition, it is involved in lending and investing activities; and the manufacture and sale of steel products, including hot rolled bars, and special and alloy steel for automotive, engineering, bearing, and allied industries. The company was formerly known as Mahavir Spinning Mills Limited and changed its name to Vardhman Textiles Limited in September 2006. Vardhman Textiles Limited was founded in 1965 and is based in Ludhiana, India.
The Anand Rathi Wealth Limited stock price gained 0.698% on the last trading day (Friday, 10th Apr 2026), rising from ₹1,776.85 to ₹1,789.25. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.46% from a day low at ₹1,725.00 to a day high of ₹1,801.85. The price has risen in 9 of the last 10 days and is up by 20.46% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately ₹2.45 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Anand Rathi Wealth Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The Kennametal India Limited stock price gained 0.788% on the last trading day (Friday, 10th Apr 2026), rising from ₹2,221.55 to ₹2,239.05. During the last trading day the stock fluctuated 2.19% from a day low at ₹2,226.05 to a day high of ₹2,274.90. The price has been going up and down for this period, and there has been a 5.49% gain for the last 2 weeks. Volume fell on the last day by -23 thousand shares and in total, 6 thousand shares were bought and sold for approximately ₹12.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Kennametal India Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The Ipca Laboratories Limited stock price gained 0.435% on the last trading day (Friday, 10th Apr 2026), rising from ₹1,449.90 to ₹1,456.20. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.08% from a day low at ₹1,450.30 to a day high of ₹1,466.00. The price has risen in 6 of the last 10 days but is still down by -4.87% for this period. Volume fell on the last day by -3 thousand shares and in total, 80 thousand shares were bought and sold for approximately ₹116.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Ipca Laboratories Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
The Oil India Limited stock price gained 0.117% on the last trading day (Friday, 10th Apr 2026), rising from ₹470.75 to ₹471.30. During the last trading day the stock fluctuated 1.64% from a day low at ₹467.35 to a day high of ₹475.00. The price has been going up and down for this period, and there has been a -1.39% loss for the last 2 weeks. Volume fell on the last day by -9 million shares and in total, 2 million shares were bought and sold for approximately ₹1.11 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The Oil India Limited stock holds several negative signals and despite the positive trend, we believe Oil India Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About Oil India Limited:
Oil India Limited explores for, develops, and produces crude oil and natural gas in India and internationally. The company operates through Crude Oil, Natural Gas, Liquefied Petroleum Gas (LPG), Pipeline Transportation, and Renewal Energy segments. It is also involved in the transportation of crude oil and natural gas; and production of LPG, as well as in the provision of exploration and production related services. The company owns and operates 1,157 kilometers of cross-country crude oil pipelines; and 13 drilling rigs and 14 work-over rigs, as well as owns 10 crude oil pumping stations and 17 repeater stations in Assam, West Bengal, and Bihar states. It also generates energy through wind and solar power projects. In addition, the company has participating interests in NELP exploration blocks in Mahanadi Offshore, Mumbai Deepwater, Krishna Godavari Deepwater, etc., as well as in various projects in Libya, Gabon, the United States, Nigeria, Sudan, Yemen, Venezuela, Mozambique, Myanmar, Bangladesh, and Russia. Oil India Limited was founded in 1889 and is based in Noida, India.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
GOLDEN STAR
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