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Volume Surge Breakout

Institutional footprints: breakouts on heavy volume are the ones most likely to follow through.

Breakout Data as of 2026-11-02 close
1 · Rules

▶ Entry

Up day on 2× average volume closing at a 20-day high.

Screener form: breakout_20d AND rvol20 >= 2 — 20-day breakout and Relative volume (RVOL) ≥ 2.

■ Exit

Close below the 20-day low, or a 20-session time stop.

Signals are read on the close; the backtest fills at the next session's open.

2 · Stocks triggering the entry today (21)
Stock Sector Close Chg Score RSI (14)ADX (14)Relative volume (RVOL)
THELEELALeela Palaces Hotels & Resorts Limited Hotels & Resorts ₹671.05 +5.80% 81 70.66 38.08 3.23×
PASHUPATIPashupati Cotspin Limited Textiles ₹141.62 +5.22% 81 87.48 66.47 2.96×
MBAPLMadhya Bharat Agro Products Limited Chemicals ₹185.83 +4.92% 81 71.35 14.36 3.03×
BOROLTDBorosil Limited Glass ₹312.35 +9.06% 78 70.39 28.37 9.34×
ZENTECZen Technologies Limited Defence ₹1,720.60 +8.32% 75 58.96 23.10 17.80×
PGHLProcter & Gamble Health Limited Pharma ₹5,828.00 +2.78% 73 67.06 25.15 8.31×
MARSONSMarsons Limited Electrical Equipment ₹153.70 +3.42% 71 71.69 29.45 3.45×
INDGNIndegene Limited Healthcare ₹619.40 +5.56% 71 60.22 14.39 5.51×
OILOil India Limited Oil & Gas ₹461.90 +1.74% 70 54.35 17.08 2.29×
KIRLOSBROSKirloskar Brothers Limited Pumps, Compressors & Engines ₹1,792.80 +11.92% 70 59.49 23.78 33.78×
NHNarayana Hrudayalaya Ltd. Healthcare ₹1,834.20 +6.63% 69 61.32 29.64 5.10×
GLENMARKGlenmark Pharmaceuticals Limited Pharma ₹2,382.00 +3.62% 68 58.79 30.21 2.82×
CHOICEINChoice International Limited Financial Services ₹751.15 +4.13% 67 56.55 13.66 2.55×
MSUMIMotherson Sumi Wiring India Limited Auto ₹38.78 +10.36% 66 70.20 34.05 18.18×
ITIITI Limited Infrastructure ₹259.14 +20.00% 64 62.66 23.18 103.24×
IOCIndian Oil Corporation Limited Oil & Gas ₹134.59 +3.41% 64 58.42 19.97 2.58×
JAGRANJagran Prakashan Limited Media ₹64.34 +3.84% 63 70.75 19.25 3.64×
RELIANCEReliance Industries Limited Oil & Gas ₹1,300.00 +11.60% 62 65.78 27.62 5.83×
ADVENZYMESAdvanced Enzyme Technologies Limited Pharma ₹281.45 +6.79% 59 59.45 29.87 4.32×
SKMEGGPRODSKM Egg Products Export (India) Limited FMCG ₹221.02 +14.29% 58 55.46 25.61 8.46×
BANKBARODABank of Baroda Limited Bank ₹245.16 +2.75% 53 61.19 14.75 2.11×

👀 Setting up (177)

Close to the entry: rvol20 >= 1.5 AND change_pct > 0
Stock Sector Close Chg Score RSI (14)ADX (14)Relative volume (RVOL)
PETRONETPetronet LNG Limited Oil & Gas ₹300.95 +3.96% 89 59.41 16.85 1.93×
SHYAMMETLShyam Metalics and Energy Limited Metal ₹1,191.00 +2.42% 87 62.25 25.29 2.94×
RATNAVEERRatnaveer Precision Engineering Limited Metal ₹379.20 +5.26% 87 69.78 31.21 1.94×
CORONACORONA Remedies Limited Pharma ₹2,171.10 +1.00% 86 59.30 23.95 1.51×
THELEELALeela Palaces Hotels & Resorts Limited Hotels & Resorts ₹671.05 +5.80% 81 70.66 38.08 3.23×
PASHUPATIPashupati Cotspin Limited Textiles ₹141.62 +5.22% 81 87.48 66.47 2.96×
MBAPLMadhya Bharat Agro Products Limited Chemicals ₹185.83 +4.92% 81 71.35 14.36 3.03×
ALIVUSAlivus Life Sciences Limited Pharma ₹1,447.60 +2.28% 81 66.57 27.78 4.05×
WELSPUNLIVWelspun Living Limited Textiles ₹242.34 +10.62% 80 67.20 26.53 11.58×
GRASIMGrasim Industries Limited Textiles ₹3,057.10 +2.54% 79 57.81 35.12 1.57×
NITINSPINNitin Spinners Limited Textiles ₹664.30 +2.01% 78 62.03 16.88 5.09×
BOROLTDBorosil Limited Glass ₹312.35 +9.06% 78 70.39 28.37 9.34×
MANAKCOATManaksia Coated Metals & Industries Limited Metal ₹148.17 +5.68% 76 66.30 23.14 1.58×
ZENTECZen Technologies Limited Defence ₹1,720.60 +8.32% 75 58.96 23.10 17.80×
PGHLProcter & Gamble Health Limited Pharma ₹5,828.00 +2.78% 73 67.06 25.15 8.31×
MARSONSMarsons Limited Electrical Equipment ₹153.70 +3.42% 71 71.69 29.45 3.45×
LOTUSDEVSri Lotus Developers and Realty Limited Realty ₹248.03 +0.83% 71 61.83 20.20 1.69×
INDGNIndegene Limited Healthcare ₹619.40 +5.56% 71 60.22 14.39 5.51×
OILOil India Limited Oil & Gas ₹461.90 +1.74% 70 54.35 17.08 2.29×
NELCASTNelcast Limited Metal ₹143.65 +8.42% 70 64.84 26.40 3.81×
KIRLOSBROSKirloskar Brothers Limited Pumps, Compressors & Engines ₹1,792.80 +11.92% 70 59.49 23.78 33.78×
JSWSTEELJSW Steel Limited Metal ₹1,309.90 +5.13% 70 62.14 18.12 1.57×
ENGINERSINEngineers India Limited Infrastructure ₹289.65 +15.01% 70 57.67 31.94 8.94×
ABCAPITALAditya Birla Capital Limited Financial Services ₹378.30 +2.40% 70 53.39 25.69 2.46×
RKFORGERamkrishna Forgings Limited Metal ₹696.10 +7.61% 69 54.76 20.37 11.06×
NHNarayana Hrudayalaya Ltd. Healthcare ₹1,834.20 +6.63% 69 61.32 29.64 5.10×
BEMLBEML Limited Engineering & Capital Goods ₹2,030.90 +2.13% 69 56.54 16.58 1.51×
MENONBEMenon Bearings Limited Auto ₹311.10 +12.64% 68 60.62 19.46 10.27×
GLENMARKGlenmark Pharmaceuticals Limited Pharma ₹2,382.00 +3.62% 68 58.79 30.21 2.82×
CHOICEINChoice International Limited Financial Services ₹751.15 +4.13% 67 56.55 13.66 2.55×
3 · Backtest — Nifty 50 stocks since 2014
1,590
Trades
55.0%
Win rate
+1.40%
Average trade
1.54
Profit factor
18.7d
Avg holding
+1.7%
Median CAGR / stock
Buy & hold +16.1%
-31.9%
Median max drawdown
Buy & hold -53.7%
20.5%
Time in market
2.0%
Stocks where it beat B&H

🛡️ Robustness — Volume multiple

The published rule uses 2.0. If the edge vanishes one step either side, it was probably fitted to history.

Volume multipleTradesWinAvg tradePFMedian CAGR
1.5223054.7%+1.27%1.49+2.2%
2.0159055.0%+1.40%1.54+1.7%
3.082358.7%+2.12%1.97+2.3%

Robust The average trade is positive at every tested setting. Profitable average trade in 76.9% of years with 5+ trades.

📅 By year (walk-forward view)

YearTradesWinAvg trade
201410661.3%+3.21%
20159638.5%-2.19%
20168253.7%+0.23%
201715355.6%+0.93%
201811952.1%+0.40%
201910757.0%+0.68%
202014557.9%+4.21%
202116162.7%+3.64%
202213844.2%-1.11%
202313163.4%+3.22%
202415560.6%+2.06%
202510852.8%+0.45%
20268946.1%-0.16%
Most recent trades in the test
StockEntryExitReturn
ADANIPORTS2026-10-302026-11-02 (open)-1.11%
BHARTIARTL2026-10-192026-11-02 (open)+3.77%
HCLTECH2026-10-142026-11-02 (open)+8.42%
INFY2026-10-192026-11-02 (open)+0.15%
KOTAKBANK2026-10-082026-11-02 (open)+3.96%
TCS2026-10-192026-11-02 (open)+1.57%
TECHM2026-10-162026-11-02 (open)+4.17%
TRENT2026-10-072026-11-02 (open)+4.95%
DRREDDY2026-09-302026-10-30+8.06%
ADANIPORTS2026-09-102026-10-12-0.75%
COALINDIA2026-09-032026-10-05+0.51%
KOTAKBANK2026-08-272026-09-25-2.32%
BAJAJ-AUTO2026-09-022026-09-16-6.62%
TITAN2026-08-112026-09-08-2.45%
GRASIM2026-08-102026-09-07-0.26%
4 · Risk

News-driven spikes can fully reverse; results vary a lot by stock.

Test assumptions: long only, one position per stock, next-open fills, 0.2% round-trip cost, split-adjusted prices without dividends, current Nifty 50 members (survivorship bias). Past results do not predict future returns.

5 · Test it on any stock

Open the AI Backtester with these rules pre-filled, pick a stock and a date range, and add your own stop-loss or target.

Buy when close rises above the previous 20-day high and volume is above 2 times its 20-day average. Sell when close falls below the previous 20-day low.
🧪 Backtest on any stock Open the entry in the screener
🔗 Other breakout strategies
Donchian 55/20 BreakoutMomentum Breakout20-Day High Breakout50-Day High BreakoutVolatility Contraction Breakout

⚠️ Educational technical analysis computed automatically from end-of-day NSE prices — not investment advice. Flash Finance is not SEBI-registered. Indicators describe what price has done; they do not predict what it will do. Verify levels on a live chart and manage risk before acting.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI