Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Prajwal Wakhare

Top 3 price-volume breakout stocks

On Monday, Benchmark indices concluded trading day on a positive note as Sensex gained by 0.17 per cent and closed at 77,341.08 level, while Nifty surged by 0.16 per cent closed at 23,537.85 level. Whereas the Broader market experienced mixed performance as Nifty Mid-Cap closed higher by 0.27 per cent, while Nifty Small-Cap declined by 0.1 per cent.

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Market volatility, as indicated by India VIX, has surged by 6.66 per cent and is trading around the level of 14 reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Rattanindia Enterprises Ltd: Rattanindia Enterprises Ltd saw a high of Rs 90 today with a substantial traded volume of 4.69 crore shares. The stock is currently trading at Rs 85.43, up from its previous close of Rs 80.57, reflecting a 6.03 per cent increase. With the stock nearing its 52-week high of Rs 94.85, it has shown impressive multibagger returns of 127.51 per cent from its 52-week low. The market cap stands at Rs 11,748.06 crore. Today's trading witnessed a price volume breakout, volume spike, and a 52-week high breakout. The RSI at 65.13 indicates a moderately strong buying pressure, signaling potential for further gains.

NSE:RTNINDIA Chart Image by prajwalwakhare

Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd hit a high of Rs 76.25 with a traded volume of 2.87 crore shares. The stock is currently trading at Rs 75, up from its previous close of Rs 69.7, marking a 7.60 per cent increase. The stock has reached its 52-week high of Rs 76.25 and has delivered multibagger returns of 233.93 per cent from its 52-week low. The company's market cap is Rs 8,501.54 crore. Today's trading saw a price volume breakout, volume spike, and a 52-week high breakout. With an RSI of 68.03, the stock shows strong buying momentum, suggesting it may continue to perform well.

NSE:LLOYDSENGG Chart Image by prajwalwakhare

Bombay Dyeing and Mfg Co Ltd: Bombay Dyeing and Mfg Co Ltd reached a high of Rs 207.04 with a traded volume of 2.50 crore shares. The stock is currently trading at Rs 197.98, up from its previous close of Rs 181.22, indicating a 9.25 per cent rise. Approaching its 52-week high of Rs 207.04, it has yielded returns of 98.97 per cent from its 52-week low. The market cap is Rs 4,090.03 crore. Today's trading featured a price volume breakout, volume spike, and it is nearing its 52-week high breakout. The RSI at 67.77 suggests robust buying interest, hinting at the possibility of further upward movement.

NSE:BOMDYEING Chart Image by prajwalwakhare

The following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Price

Volume

1

RattanIndia Enterprises Ltd

84.93

4,69,40,146

2

Lloyds Engineering Works Ltd

74.27

2,87,07,998

3

Bombay Dyeing & Mfg Company Ltd

198.27

2,49,88,290

4

Mangalore Refinery And Petrochemicals Ltd

224.36

2,03,26,064

5

Exicom Tele-Systems Ltd

446.25

1,18,13,285

6

Garden Reach Shipbuilders & Engineers Ltd

1753.1

74,99,773

7

Hindustan Oil Exploration Company Ltd

201.51

67,86,983

8

Tamilnadu Petroproducts Ltd

96.13

55,18,784

9

DigiSpice Technologies Ltd

37.34

52,32,026

10

Bombay Burmah Trading Corporation Ltd

2014.4

49,85,257

Disclaimer: The article is for informational purposes only and not investment advice.

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