Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, both indexes ended the day on a dismal note, with the Sensex closing 1.47 per cent down at 70,370.55, and the Nifty falling 1.53 per cent to 21,241.65. Similarly, this trend persisted in the Broader market, with Nifty Mid-Cap closing much lower, down 3.06 per cent, and Nifty Small-Cap falling 2.86 per cent.
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Market volatility, as measured by the India VIX, has increased by 7.57 percent, signifying a jump in market volatility.
Top 3 price-volume breakout stocks
Petronet LNG Ltd demonstrated a bullish momentum today, with a price volume breakout, surpassing the 52-week high at Rs 266.3. The stock showed resilience by bouncing off the 20-day EMA, indicating strong support. Despite the day closing with an indecisive candle, the overall picture remains optimistic, marked by a 5.27 per cent change from the previous close. However, caution may be warranted as the RSI has entered the overbought region at 80.01.
Karur Vysya Bank Ltd exhibited a robust performance, showcasing a price volume breakout and achieving an all-time high at Rs 188.6. The ascending triangle breakout suggests a bullish trend, supported by a bounce from the 20-day EMA. The RSI at 69.49 signifies strength in the upward movement, while the substantial volume spike further validates the positive sentiment. Traders and investors may find potential opportunities in this bullish scenario.
Salasar Techno Engineering Ltd continued its upward trajectory with a price volume breakout and continuous gap up openings, reflecting a strong bullish sentiment. The stock's resilience is evident through the volume spike and consistently strong bullish candles. The RSI at 86.33 signals a potentially overbought condition, urging investors to monitor the situation closely. The day's trading witnessed a significant uptrend, and caution should be exercised considering the extended bullish run.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Petronet Lng Limited
|
259.9
|
3,19,80,576
|
|
2
|
Karur Vysya Bank Limited
|
182.65
|
2,39,11,133
|
|
3
|
Salasar Techno Engineering Ltd
|
107.8
|
1,64,77,283
|
|
4
|
HLV Ltd
|
33.45
|
1,28,65,231
|
|
5
|
Borosil Renewables Ltd
|
566.55
|
1,13,86,126
|
|
6
|
Visaka Industries Limited
|
116.45
|
85,56,017
|
|
7
|
Cipla Limited
|
1409
|
75,56,815
|
|
8
|
Bharat Road Network
|
85.15
|
48,24,644
|
|
9
|
Advani Hotels & Resorts (india) Limited
|
130.85
|
21,97,586
|
|
10
|
Speciality Restaurants Limited
|
232
|
21,09,955
|