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

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

Prajwal Wakhare
/ Categories: Trending

In today's intraday session, the Nifty 50 index experienced a downturn, closing at 21,517.35, reflecting a decrease of 148.45 points or 0.69 percent from the opening value of 21,661.10.

In today's intraday session, the Nifty 50 index experienced a downturn, closing at 21,517.35, reflecting a decrease of 148.45 points or 0.69 percent from the opening value of 21,661.10.

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The market exhibited a fluctuating trend throughout the day, with the index reaching a high of 21,677.00 and a low of 21,500.35.

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Top 3 price-volume breakout stocks

NBCC (India) Ltd. exhibits strong bullish momentum as it continues its upward trajectory, with the current market price (CMP) at 87.8. The stock has experienced a significant price volume breakout, trading above crucial moving averages, reflecting sustained positive momentum. The Relative Strength Index (RSI) at 68.78 indicates a healthy uptrend without reaching overbought levels. Furthermore, the stock is currently at an all-time high, showcasing robust buying interest. The notable volume spike suggests increased participation and conviction from market participants.

TradingView ChartIRCON International Ltd. exhibits strong bullish signals in today's trading session. The stock has witnessed a significant price volume breakout, surging from an open of 175 to a high of 189.7, well above the crucial support level of 172.75. Currently, the stock is trading at 186.3, indicating sustained upward momentum. Additionally, IRCON is trading above all key moving averages, affirming the bullish trend. The bounce from the 50-day EMA reinforces the stock's strength, while the RSI at 68.31 suggests a healthy uptrend without being overbought. Notably, the stock has reached an all-time high, signifying robust investor confidence. The observed volume spike further supports the bullish sentiment, underlining strong buying interest.

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Biocon Ltd. exhibits a strong bullish trend with a robust price volume breakout, currently trading at 283.6, near its 52-week high of 284.5. The stock shows resilience, bouncing off the 50-day EMA, and is positioned above all crucial moving averages, indicating a sustained upward momentum. The RSI at 77.15 signals overbought conditions, suggesting potential profit-taking, but the overall outlook remains positive. The notable volume spike supports the recent price surge, underlining strong investor interest. Traders should monitor the stock for potential continuation of the bullish trend or a possible correction given the elevated RSI levels.

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

Sr.

Stock Name

Per cent Change

Price

Volume

1

Nbcc (india) Limited

8.87

87.75

12,48,15,207

2

Ircon International Ltd

6.88

186.3

8,62,90,464

3

Biocon Limited

6.5

283.5

2,87,01,021

4

Sun Pharma Advanced Research Company Limited

14.05

385.95

2,67,22,779

5

Inox Green Energy Services Ltd

14.73

134

1,88,63,424

6

Adani Total Gas Ltd

10

1100.95

1,72,94,594

7

Sequent Scientific Limited

8.45

132.2

1,69,78,571

8

Allcargo Terminals Ltd

20

63.9

1,42,21,448

9

Adani Energy Solutions Ltd

11.53

1185

1,34,90,693

10

Shriram Properties Ltd

7.62

131.3

1,29,55,564

11

Marksans Pharma Limited

6.69

176.3

1,14,07,525

12

Paisalo Digital Ltd

7.09

99.65

1,04,94,831

13

Adani Green Energy Ltd

5.84

1697.2

80,59,948

14

Udayshivakumar Infra Ltd

14.78

46.6

71,63,369

15

Bharat Road Network

19.98

61.55

50,83,117

16

Sobha Limited

10.04

1112

36,40,709

17

Kopran Limited

8.88

274

31,58,705

18

Nrb Bearing Limited

9.45

387

29,12,937

19

Geojit Financial Services

5.95

83.65

28,60,513

20

Gateway Distriparks Ltd

6.02

110

28,05,132

 

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

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