Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex moderately gained by 0.12 per cent closing at 72,101.69 level, while Nifty also gained by 0.16 per cent and closed at 21,839.10 level. Similarly, the Broader market experienced marginal gains as Nifty Mid-Cap closed higher by 0.09 per cent, while Nifty Small-Cap surged by 0.12 per cent.
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Market volatility, as indicated by India VIX, has declined by 4.18 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
LT Foods Ltd: Today, LT Foods opened with a gap up at Rs 177.5, higher than the previous close of Rs 162.75. The stock witnessed a bullish momentum throughout the day, reaching a high of Rs 181.8 and a low of Rs 170.25. It closed at Rs 179.2, with a 10.11 per cent increase. This surge was accompanied by a notable increase in trading volume. Additionally, the stock is nearing a breakout from its trading line, further enhancing its bullish outlook. Despite the recent uptrend, the Relative Strength Index (RSI) stands at a neutral level of 51.12, indicating potential for further gains without being overbought.
Praj Industries Ltd: Praj Industries experienced a robust trading session today, opening at Rs 473.95 with a gap up from the previous close of Rs 473.7. The stock surged to a high of Rs 525.75 and found support at Rs 458.40, rebounding strongly. This bounce back was accompanied by increase in trading volume. The stock also exhibited a breakout in price and volume, further validating the bullish sentiment. On the weekly chart, it found support at key levels, enhancing its overall strength. Despite the bullish momentum, the RSI remains at a moderate level of 51.21.
BPL Ltd: BPL Ltd started the day with a gap up opening at Rs 82, significantly higher than the previous close of Rs 81.8. The stock displayed strong bullish momentum throughout the trading session, reaching a high of Rs 97.2 and a low of Rs 82. It closed at Rs 91.35, marking a substantial increase of 11.67 per cent. This upward movement was supported by a notable surge in trading volume. The stock exhibited a breakout in both price and volume, signaling a potential continuation of the uptrend. On the weekly chart, it found support at Rs 79.60, further reinforcing its bullish outlook. Despite the recent gains, the RSI remains at a moderate level of 52.16.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
L T Foods Ltd
|
179.75
|
1,45,51,522
|
|
2
|
Praj Industries Limited
|
518.1
|
64,61,983
|
|
3
|
Bpl Limited
|
93.8
|
47,23,324
|
|
4
|
Metro Brands Ltd
|
1175.15
|
38,91,925
|
|
5
|
Time Technoplast Limited
|
207.1
|
36,30,584
|
|
6
|
Chalet Hotels Ltd
|
794.4
|
14,49,885
|
|
7
|
Pakka Ltd
|
301.8
|
9,40,921
|
|
8
|
Cantabil Retail India Limited
|
226.4
|
9,23,115
|
|
9
|
Shemaroo Entertainment Limited
|
156.5
|
9,19,430
|
|
10
|
Saregama India Limited
|
373.2
|
8,89,945
|
Disclaimer: The article is for informational purposes only and not investment advice.