Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!

Top 3 price-volume breakout stocks

On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.73 per cent closing at 72,996.31 level, while Nifty also surged by 0.54 per cent and closed at 22,123.65 level. Similarly, the Broader market experienced substantial gains as Nifty Mid-Cap closed marginally higher by 0.06 per cent, while the Nifty Small-Cap soared by 0.96 per cent.

Market volatility, as indicated by India VIX, has declined by 0.92 per cent, reflecting a decrease in market volatility.

Top 3 price-volume breakout stocks

Jamna Auto Industries Ltd: Today, Jamna Auto Industries' stock price reached Rs 135.6, with a significant trading volume of 25,498,130 shares. The current price is Rs 132.8, marking a 5.40 per cent increase from the previous close of Rs 126. The stock shows a promising breakout with strong volume support, bouncing from a key support level and the 200-day EMA. This indicates a robust upward momentum, supported by the Relative Strength Index (RSI) at 60.27. The stock's 52-week high and low stand at Rs 139.7 and Rs 94.4 respectively, with a market cap of Rs 5,300.07 crores.

JM Financial Ltd: JM Financial witnessed a price surge to Rs 79.85, accompanied by a traded volume of 24,820,588 shares. Currently trading at Rs 77.8, the stock reflects an 8.13 per cent increase from its previous close of Rs 71.95. This surge follows a breakout pattern with a notable increase in volume, coupled with a bounce from support levels. However, it's noteworthy that the stock is trading below the 200-day EMA, indicating caution. The RSI at 40.84 suggests potential bullish momentum, but sustained levels above 60 would confirm this sentiment. JM Financial's 52-week high and low are Rs 114.85 and Rs 57.85 respectively, with a market cap of Rs 7,513.59 crores.

NLC India Ltd: NLC India saw its price climb to Rs 241.6, supported by a trading volume of 20,951,296 shares. Currently trading at Rs 233.5, the stock reflects an 8.60 per cent increase from its previous close of Rs 215. This uptrend is accompanied by a surge in volume, indicating strong investor interest. Additionally, the stock bounced back from a crucial support level, supported by a healthy RSI of 54.88. Furthermore, it has crossed the 50-day EMA, adding to the bullish sentiment. NLC India's 52-week high and low are Rs 293.75 and Rs 69.7 respectively, with a market cap of Rs 32,204.03 crores.

The following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.