Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.14 per cent closing at 72,748.42 level, while Nifty also surged by 0.15 per cent and closed at 22,055.70 level. Whereas the Broader market experienced losses as Nifty Mid-Cap closed lower by 0.39 per cent, while Nifty Small-Cap plunged by 0.57 per cent.
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Market volatility, as indicated by India VIX, has surged by 1.50 per cent, reflecting a slight increase in market volatility.
Top 3 price-volume breakout stocks
Tata Steel Ltd: Tata Steel's stock witnessed a bullish day with highs reaching Rs 150.25 and lows at Rs 142.2. Closing at Rs 148.8, a notable increase from the previous close, the stock experienced a 5.01 per cent upward movement. Bullish indicators include bouncing from the 50-day EMA, coupled with a price volume breakout and a volume spike. The RSI at 55.11 further supports this bullish sentiment, potentially signaling further upside for investors.
Reliance Infrastructure Ltd: Reliance Infrastructure exhibited strong bullish momentum, reaching highs of Rs 263.95 and lows of Rs 236.35 before closing at Rs 254, marking a 6.95 per cent increase from the previous close. The stock displayed bullish signals such as bouncing from the 200-day EMA, a price volume breakout, and a volume spike, along with an RSI of 62.27, indicating growing bullish momentum. The presence of a broadening wedge pattern adds to the bullish case, suggesting potential opportunities for investors.
Navkar Corporation Ltd: Navkar Corporation saw bullish activity, hitting highs of Rs 105.2 and lows of Rs 88.7, closing at Rs 105.2, marking a significant 19.95 per cent increase from the previous close. Bullish indicators include bouncing from the 200-day EMA, a price volume breakout, and a volume spike. The RSI at 52.16 suggests increasing bullish momentum. With these positive signals and strong performance, the stock presents potential opportunities for investors to consider.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Tata Steel Limited
|
149.7
|
16,69,13,078
|
|
2
|
Reliance Infrastructure Limited
|
255.95
|
2,38,68,902
|
|
3
|
Navkar Corporation Limited
|
105.2
|
93,71,141
|
|
4
|
JSW Infrastructure Ltd
|
246.95
|
79,28,687
|
|
5
|
Filatex India Limited
|
59.8
|
71,31,756
|
|
6
|
Zensar Technologies Limited
|
583.55
|
60,76,286
|
|
7
|
Jindal Steel & Power Limited
|
808
|
40,41,593
|
|
8
|
Lords Chloro Alkali Ltd
|
127.7
|
36,20,590
|
|
9
|
GPT Healthcare Ltd
|
167.5
|
33,44,450
|
|
10
|
Gabriel India Limited
|
329.55
|
26,82,396
|
Disclaimer: The article is for informational purposes only and not investment advice.