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

On Wednesday, Benchmark indices concluded the trading day a positive note as Sensex gained by 0.69 per cent and made a record high at 80,074.30 level, while Nifty also surged by 0.67 per cent and also made a new all-time high at 24,309.15 level. Similarly, the Broader market also experienced gains as Nifty Mid-Cap closed higher by 0.79 per cent, while Nifty Small-Cap soared by 1.03 per cent.

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Market volatility, as indicated by India VIX, has declined by 2.84 per cent and is trading around the level of 13 reflecting a slight decrease in market volatility.

Top 3 price-volume breakout stocks

Indian Renewable Energy Dev Agency Ltd: Indian Renewable Energy Dev Agency Ltd hit a new 52-week high of Rs 225.88, with an impressive traded volume of 15.97 crores. Currently trading at Rs 221.51, up from the previous close of Rs 205.35, it shows a solid 7.87 per cemt increase. With a market cap of Rs 58,264.81 crores and multibagger returns of 343.02 per cemt from its 52-week low, the stock has demonstrated strong performance. The RSI at 74.32 indicates it's in overbought territory, suggesting caution for potential buyers. The price-volume breakout and volume spike further highlight strong bullish momentum.

NSE:IREDA Chart Image by prajwalwakhare

Castrol India Limited: Castrol India Limited reached a new 52-week high of Rs 252 with a traded volume of 11.13 crores. It’s currently trading at Rs 241.15, significantly up from the previous close of Rs 214.18, marking a 12.59 per cent increase. The company’s market cap stands at Rs 22,215.14 crores, and it has delivered multibagger returns of 99.79 per cent from its 52-week low. The RSI is at 75.2, indicating the stock is overbought. The price-volume breakout and volume spike underscore the strong buying interest.

NSE:CASTROLIND Chart Image by prajwalwakhare

MMTC Ltd: MMTC Ltd peaked at Rs 91 today, with a traded volume of 7.93 crores. It’s currently trading at Rs 85.33, up from the previous close of Rs 79.26, reflecting a 7.66 per cent rise. With a market cap of Rs 12,970.91 crores, the stock has achieved multibagger returns of 172.62 per cent from its 52-week low. The RSI at 65.53 suggests it’s trading near resistance levels, indicating a potential breakout. The price-volume breakout and volume spike signify robust buying interest.

NSE:MMTC Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Indian Renewable Energy Development Agency Ltd

223.11

15,96,81,424

2

Castrol India

243.17

11,12,69,271

3

Mmtc

85.66

7,93,08,041

4

Housing and Urban Development Corporation

301.95

7,33,28,474

5

Subex Ltd

32.83

4,20,42,848

6

Himachal Futuristic Communications

118.71

3,74,46,162

7

Gujarat Pipavav Port

230.5

3,65,49,938

8

Power Finance Corporation

531.05

3,35,71,765

9

One Point One Solutions Ltd

70.7

1,49,82,967

10

Cochin Shipyard

2436.35

1,05,74,606

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

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