Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
On Friday closing at 21,710.80, the Nifty 50 recorded a change of 52.20 points, representing a modest 0.24 per cent increase.
The Nifty 50 index opened at 21,705.75 on Friday and quickly gained momentum, reaching a high of 21,749.60. The bulls seemed to be in control as the index experienced positive movement. However, the market witnessed some volatility as it touched a low of 21,629.20 during the intraday session.
Closing at 21,710.80, the Nifty 50 recorded a change of 52.20 points, representing a modest 0.24 per cent increase.
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Top 3 price-volume breakout stocks
Alok Industries Ltd is exhibiting strong bullish signals in today's trading session. The stock is currently priced at Rs 32.55, marking an impressive percent change of 19.89 per cent. A price volume breakout is evident, coupled with the stock trading above all crucial moving averages. Furthermore, it has experienced a significant rebound from the 50-day Exponential Moving Average (EMA), demonstrating robust support. The Relative Strength Index (RSI) is at 82.70, indicating overbought conditions. A channel breakout and a notable volume spike add further confirmation to the bullish momentum.
Trident Ltd is displaying notable bullish characteristics today with a current price of Rs 41.45, reflecting a percent change of 8.22 per cent. The stock has witnessed a price volume breakout and is trading above key moving averages. A bounce from the trendline and the 200-day EMA underscores strong support levels. The RSI at 76.67 indicates overbought conditions. Additionally, a symmetric triangle breakout and a substantial increase in trading volume contribute to the overall positive sentiment.
Subex Ltd is showing positive signs in today's trading, with the current price at Rs 38.9 and a percent change of 14.24 per cent. The stock has experienced a price volume breakout and is trading above important moving averages. While the RSI is at a healthy 65.08, signaling good momentum without being overbought, a notable volume spike adds further credibility to the positive movement. Overall, Subex Ltd is exhibiting strength in its technical parameters, suggesting a favorable outlook.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Per cent Change
|
Price
|
Volume
|
|
1
|
Alok Industries Ltd
|
18.97
|
32.3
|
34,47,57,127
|
|
2
|
Trident Limited
|
6.79
|
40.9
|
14,54,24,351
|
|
3
|
Subex Ltd
|
14.68
|
39.05
|
9,09,64,800
|
|
4
|
Motherson Sumi Wiring India Ltd
|
5.89
|
65.65
|
4,14,98,481
|
|
5
|
RattanIndia Enterprises Ltd
|
5.39
|
86
|
2,67,41,331
|
|
6
|
Mirza International Limited
|
18.11
|
55.75
|
2,41,41,197
|
|
7
|
Electrosteel Castings Limited
|
5.31
|
129.8
|
1,48,28,415
|
|
8
|
TransIndia Real Estate Ltd
|
14.88
|
54.05
|
1,39,62,005
|
|
9
|
BCL Industries Ltd
|
9.97
|
75
|
1,34,36,421
|
|
10
|
Swan Energy Limited
|
6.84
|
560.25
|
1,28,59,232
|
|
11
|
Olectra Greentech Ltd
|
7.69
|
1452.8
|
97,72,667
|
|
12
|
Finolex Industries Limited
|
8.73
|
237.35
|
96,88,548
|
|
13
|
Sula Vineyards Ltd
|
11.38
|
554.4
|
86,04,945
|
|
14
|
Sun Pharma Advanced Research Company Limited
|
9.26
|
420.55
|
75,11,505
|
|
15
|
Ge Power India Limited
|
11.71
|
267.65
|
67,51,178
|
|
16
|
Himadri Speciality Chemical Limited
|
5.84
|
386.9
|
65,87,811
|
|
17
|
Kcp Limited
|
5.49
|
181.6
|
60,28,702
|
|
18
|
BAJEL
|
12.77
|
129.85
|
54,90,820
|
|
19
|
Paisalo Digital Ltd
|
6.04
|
107.15
|
48,97,966
|
|
20
|
D B Realty Limited
|
5.7
|
196.55
|
48,31,277
|
Disclaimer: The article is for informational purposes only and not investment advice.