Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.22 per cent closing at 73,667.96 level, while Nifty also marginally gained by 0.01 per cent and closed at 22,335.70 level. Similarly, the Broader market experienced substantial declines as Nifty Midcap closed significantly lower by 1.41 per cent, while Nifty Small-Cap closed plummeted by 1.98 per cent.
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Market volatility, as indicated by India VIX, has declined by 2 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Sigachi Industries Ltd: The stock of Sigachi Industries saw a significant jump in price accompanied by a spike in trading volume, indicating increased investor interest. It is currently trading near a support level, suggesting a potential reversal from previous lows. Additionally, a bullish engulfing candlestick pattern has formed, further supporting the bullish sentiment. The stock is also bouncing from its 200-day Exponential Moving Average (EMA), a long-term trend indicator, reinforcing the upward momentum. However, the Relative Strength Index (RSI) is at 36.52, indicating a slightly oversold condition. Investors may consider these factors while making trading decisions.
Sanghi Industries Ltd: Sanghi Industries experienced a notable price increase along with a surge in trading volume, signaling heightened market activity. The stock is currently trading near a support level, indicating a potential price floor. Furthermore, a bullish engulfing candlestick pattern has emerged, suggesting a shift towards bullish sentiment. However, the RSI stands at 45.51, indicating a neutral stance. Traders should monitor these factors closely for potential trading opportunities.
SMS Pharmaceuticals Ltd: SMS Pharmaceuticals has broken out of its 52-week range, indicating a significant shift in price dynamics. The stock is rebounding from a support level, suggesting renewed buying interest. Moreover, there is a rise in the Average True Range (ATR), indicating increased volatility. Although a bullish engulfing candlestick pattern has formed, it occurred at higher price levels, potentially signaling exhaustion in buying momentum. Additionally, there has been a notable increase in average trading volume, further supporting the bullish outlook. Investors should carefully assess these factors before making trading decisions.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Sigachi Industries Ltd
|
63.15
|
1,51,47,714
|
|
2
|
Sanghi Industries Limited
|
108.95
|
43,92,937
|
|
3
|
Sms Pharmaceuticals Limited
|
182.25
|
27,16,387
|
|
4
|
Heg Limited
|
1808.85
|
25,03,240
|
|
5
|
Quick Heal Technologies Limited
|
579
|
11,71,023
|
|
6
|
Linde India Limited
|
6320.25
|
8,85,273
|
Disclaimer: The article is for informational purposes only and not investment advice.