Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top three price-volume breakout stocks
In today's intraday trading session, the Nifty 50 exhibited a relatively stable performance, opening at 21,688 and reaching a high of 21,726. The index experienced a slight uptick of 28.50 points, reflecting a marginal gain of 0.13 per cent.
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The market also witnessed some fluctuations, with the lowest point touching 21,593.75. Despite the minimal movement, the overall sentiment appears cautiously optimistic, as investors navigate through the day's market dynamics.
Top 3 price-volume breakout stocks
Easy Trip Planners Ltd: The stock of Easy Trip Planners Ltd exhibited a bullish trend with a significant price volume breakout, surging from 44.75 to 51.8. The stock is currently trading above all important moving averages, including a notable crossover of the 200-day EMA. The RSI stands at 81.94, entering the overbought region, indicating strong momentum. Additionally, a rectangle chart pattern breakout and a notable volume spike suggest sustained buying interest.
Hindustan Construction Company Ltd: Hindustan Construction Company witnessed a positive price volume breakout, rising from 31.95 to 34.8. The stock is trading above all crucial moving averages, demonstrating strength. A bounce from the trendline further supports the bullish sentiment. With an RSI of 70.15, the stock is in an overbought condition, and the breakout to a 5-year high along with a volume spike indicates potential for further upward movement.
Mangalore Refinery and Petrochemicals Ltd: Mangalore Refinery and Petrochemicals experienced an impressive price volume breakout, surging from 134.25 to 161. The stock bounced from a key support level and the 50-day EMA, indicating strong buying interest. The RSI is at 84.11, signaling overbought conditions, and the stock is trading at an all-time high with a Marubozu candlestick pattern, suggesting a robust bullish momentum. The 19 per cent surge in a day, coupled with a significant volume spike, adds further credence to the uptrend.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Per cent Change
|
Price
|
Volume
|
|
1
|
Easy Trip Planners Ltd
|
17.06
|
51.8
|
43,44,49,177
|
|
2
|
Hindustan Construction Company Limited
|
9.58
|
34.9
|
15,60,94,700
|
|
3
|
Mangalore Refinery And Petrochemicals Limited
|
19.67
|
160.6
|
6,06,36,989
|
|
4
|
Engineers India Limited
|
9.82
|
216.4
|
4,69,75,229
|
|
5
|
Imagicaaworld Entertainment Ltd
|
19.98
|
71.45
|
3,06,35,165
|
|
6
|
Rama Steel Tubes Limited
|
8.26
|
40.65
|
2,44,40,746
|
|
7
|
Gujarat Pipavav Port Limited
|
5.33
|
165.1
|
1,96,58,333
|
|
8
|
Network18 Media & Investments Limited
|
9.67
|
130.95
|
6,24,38,269
|
|
9
|
Jamna Auto Industries Limited
|
5.2
|
113.3
|
1,42,73,035
|
|
10
|
Restaurant Brands Asia Ltd
|
5.83
|
123.4
|
1,20,64,509
|
|
11
|
Balmer Lawrie & Company Limited
|
6.77
|
248.25
|
1,19,12,645
|
|
12
|
Ptc India Limited
|
8.01
|
209.1
|
1,12,58,924
|
|
13
|
Manali Petrochemicals Limited
|
8.7
|
86.2
|
1,07,39,213
|
|
14
|
Chennai Petroleum Corporation Limited
|
16.17
|
858.05
|
1,03,03,428
|
|
15
|
The Karnataka Bank Limited
|
6.69
|
253.5
|
94,89,711
|
|
16
|
Aeroflex Industries Ltd
|
10.14
|
173.8
|
91,85,435
|
|
17
|
Suven Life Sciences Limited
|
10.63
|
121.2
|
85,36,159
|
|
18
|
Onmobile Global Limited
|
8.51
|
117.3
|
80,70,564
|
|
19
|
Manaksia Steels Limited
|
19.92
|
61.7
|
66,81,577
|
|
20
|
Tourism Finance Corporation Of India Limited
|
6.6
|
142.15
|
65,10,092
|
Disclaimer: The article is for informational purposes only and not investment advice.