Price Volume breakout stocks: These stocks likely to be in focus on Tuesday!
Top 3 price-volume breakout stocks
Monday's trading session saw benchmark indexes settle at a lower level. The Sensex fell 0.83 per cent to close at 73,502.64, and the Nifty fell by 0.72 per cent to close at 22,332.65. In a similar vein, the Broader market also saw notable losses, with Nifty Mid-Cap closing 0.39 per cent down and Nifty Small-Cap closing 1.99 per cent worse.
DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.
The India VIX, which measures market volatility, has increased by 2.46 per cent, indicating a rise in market volatility.
Top 3 price-volume breakout stocks
Jio Financial Services Ltd: Today, Jio Financial Services Ltd experienced a significant surge in its stock price, reaching a high of Rs 359.85, marking an all-time high breakout. This breakout was supported by a substantial increase in trading volume, indicating strong investor interest. Additionally, the Relative Strength Index (RSI) stands at 75.81, signaling a bullish momentum. The stock's prior upsurge gains of 22.71 per cent further validate the bullish sentiment. However, investors should note that the stock is currently trading at Rs 356.7, slightly below its intraday high, possibly indicating some profit-taking or selling pressure after hitting new highs.
NLC India Ltd: NLC India Ltd witnessed a bounce from support levels, bolstered by a price volume breakout with a gap up opening, indicating renewed buying interest. The stock is currently trading near its 20-day Exponential Moving Average (EMA), providing additional support. Despite facing resistance at Rs 244.05, the stock managed to reach a high of Rs 232, showcasing resilience. The RSI at 48.95 suggests a neutral stance, with potential for further upside if buying momentum persists.
KEC International Ltd: KEC International Ltd observed a surge in trading volume today, accompanying a price volume breakout and a 52-week high breakout. However, the stock encountered some selling pressure after touching its intraday high of Rs 769.5. This selling pressure might be attributed to profit-taking or cautious investor sentiment. Nevertheless, the stock remains resilient, currently trading at Rs 739.9. Investors should monitor the stock's performance closely, especially considering the significance of today's breakout and the potential for further upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Jio Financial Services Ltd
|
355.65
|
12,17,39,384
|
|
2
|
Nlc India Limited
|
232.75
|
5,82,85,428
|
|
3
|
Kec International Limited
|
748.4
|
46,88,721
|
|
4
|
Kalpataru Projects International Ltd
|
1107.45
|
36,67,314
|
|
5
|
Maan Aluminium Limited
|
154.95
|
16,88,711
|
|
6
|
Narayana Hrudayalaya Ltd.
|
1276.1
|
16,71,697
|
|
7
|
IKIO Lighting Ltd
|
301.3
|
11,75,987
|
|
8
|
Kirloskar Brothers Limited
|
1155.2
|
11,28,924
|
|
9
|
Chemfab Alkalis Ltd
|
694.55
|
10,45,175
|
|
10
|
Godfrey Phillips India Limited
|
3637.05
|
7,75,197
|
Disclaimer: The article is for informational purposes only and not investment advice.