Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, frontline indexes ended the trading day on a dismal note, with the Sensex closing 2.23 percent lower at 71,500, and the Nifty falling 2.09 percent to 21,571.
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Similarly, broader indexes finished slightly down, with Nifty Mid-Cap down 1.08 per cent and Nifty Small-Cap down 1.2 per cent.
Top 3 price-volume breakout stocks
TV18 Broadcast Ltd: TV18 Broadcast Ltd exhibits a compelling technical setup. The stock has demonstrated a Price Volume Breakout, signifying a strong bullish sentiment. Furthermore, it is currently trading above all key moving averages, reinforcing the positive outlook. The presence of a Bullish Engulfing candlestick pattern adds to the bullish signals, indicating a potential reversal in the previous downtrend. The Relative Strength Index (RSI) at 70.48 implies an overbought condition, suggesting the stock might be in the midst of a strong uptrend. The observed volume spike and successful bounce from the 20-day Exponential Moving Average (EMA) and a robust support level add confirmation to the bullish momentum.
Cochin Shipyard: Cochin Shipyard is displaying robust bullish characteristics, marked by a notable price volume breakout and an impressive all-time high breakout. The stock has successfully executed higher high breakouts and currently maintains an RSI of 74.32. Additionally, a volume spike and a bounce from the 20-day EMA in the short term contribute to the overall positive sentiment.
Network18 Media & Investments Ltd: Network18 Media & Investments Ltd is in a strong uptrend, supported by a price volume breakout and a clear Flag and pole breakout pattern. The presence of a bullish engulfing candlestick pattern and a robust RSI at 74.90 enhances the bullish outlook. Notably, the stock has locked in a 10 percent upper circuit, reflecting a high level of positive momentum in the market.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Tv18 Broadcast Limited
|
65.45
|
18,24,46,842
|
|
2
|
Cochin Shipyard
|
849.1
|
2,62,24,284
|
|
3
|
Network18 Media & Investments Limited
|
129.7
|
2,27,69,863
|
|
4
|
M K Proteins Ltd
|
42.75
|
1,56,96,035
|
|
5
|
Rail Vikas Nigam Ltd
|
240.4
|
11,41,32,310
|
|
6
|
Mishra Dhatu Nigam Ltd
|
433.25
|
70,66,364
|
|
7
|
ICICI Lombard General Insurance Company Ltd
|
1454.45
|
52,35,807
|
|
8
|
Avanti Feeds Limited
|
554.45
|
42,39,521
|
|
9
|
Goa Carbon Limited
|
721.15
|
39,10,778
|
|
10
|
Ganesh Housing Corporation Limited
|
513.95
|
35,72,598
|
Disclaimer: The article is for informational purposes only and not investment advice.