Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.26 per cent closing at 72,831.94 level, while Nifty also gained by 0.39 per cent and closed at 22,096.75 level. Similarly, the Broader market experienced substantial gains as the Nifty Mid-Cap closed significantly higher by 0.59 per cent, while the Nifty Small-Cap soared by 0.64 per cent.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Market volatility, as indicated by India VIX, has declined by 2.34 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Allcargo Logistics Ltd: Allcargo Logistics Ltd experienced a significant price increase today, reaching Rs 73.5 with a traded volume of 44,644,445 shares. Currently trading at Rs 71.4, it marks a notable increase from the previous close of Rs 64.15, with a percentage change of 11.30 per cent. The stock has demonstrated a price volume breakout and a volume spike, indicating increased buying interest. Additionally, it bounced from a strong support level, suggesting a potential upward momentum. The Relative Strength Index (RSI) stands at 46.44, indicating a moderate bullish sentiment.
Indus Towers Ltd: Indus Towers Ltd witnessed a remarkable trading day, hitting Rs 275.2 with a traded volume of 33,142,623 shares. Currently trading at Rs 275.2, it reflects a substantial jump from the previous close of Rs 250.2, with a percentage change of 9.99 per cent. The stock exhibited a price volume breakout, accompanied by a volume spike and a bounce back from a support level. With an RSI of 65.27, above the bullish threshold of 60, the stock signals continued bullish momentum. Furthermore, it broke its 52-week high, suggesting further upward potential.
Laxmi Organic Industries Ltd: Laxmi Organic Industries Ltd had a positive trading session, reaching Rs 249.9 with a traded volume of 14,835,979 shares. Currently trading at Rs 245, it represents a notable increase from the previous close of Rs 227.7, with a percentage change of 7.60 per cent. The stock experienced a price volume breakout and a volume spike, along with a bounce back from a support level near Rs 220. This level has previously acted as a strong reversal point, further reinforcing its significance. The RSI at 52.28 indicates a moderate bullish sentiment, with the stock trading near strong support, suggesting potential for further upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Allcargo Logistics Limited
|
72.55
|
4,46,44,445
|
|
2
|
Indus Towers Ltd (Bharti Infratel)
|
271.3
|
3,31,42,623
|
|
3
|
Laxmi Organic Industries Ltd
|
246.45
|
1,48,35,979
|
|
4
|
eMudhra Ltd
|
816.1
|
87,20,801
|
|
5
|
Sarda Energy & Minerals Limited
|
217.1
|
64,70,067
|
|
6
|
Skipper Limited
|
295.3
|
47,77,579
|
|
7
|
Shriram Properties Ltd
|
115
|
45,83,199
|
|
8
|
PCBL Ltd
|
262.55
|
43,80,747
|
|
9
|
Time Technoplast Limited
|
220.35
|
43,34,476
|
|
10
|
Capacite Infraprojects Ltd
|
275.75
|
41,32,518
|
Disclaimer: The article is for informational purposes only and not investment advice.