Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, frontline indexes ended the day on a negative note, with the Sensex closing 0.51 per cent lower at 70,700.67, while the Nifty tanked 0.84 per cent to close at 21,352.60. Similarly, this pattern persisted in the Broader market, with Nifty Mid-Cap closing marginally down by 0.77 per cent and Nifty Small-Cap rose by 0.43 per cent.
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Market volatility, as measured by the India VIX, has decreased by 3.55 percent, signifying a fall in market volatility.
Top 3 price-volume breakout stocks
NBCC (India) Ltd
NBCC has shown a significant uptrend today, with its price breaking through the resistance levels. The stock opened at Rs 106.2 and reached a high of Rs 119.4, while finding support at Rs 104.5. The closing price stands at Rs 114.55, a remarkable increase from the previous close of Rs 105.25. This surge of 8.84% is accompanied by a breakout in price volume, reaching an all-time high. The stock exhibits higher highs, reflecting a sharp rise and signaling super strong bullish momentum. The RSI at 78.46 indicates that the stock is nearing the overbought region. Additionally, a notable volume spike and bouncing from the 20-day EMA further support the bullish outlook.
Railtel Corporation of India Ltd
Railtel Corporation has demonstrated a bullish trend today, breaking through resistance levels with notable price volume. Opening at Rs 407.05 and reaching a high of Rs 459.2, the stock showed resilience at Rs 406.2. Closing at Rs 435.9, it marks a substantial increase from the previous close of Rs 397.4, with a percentage change of 9.69%. The stock is currently trading at an all-time high, supported by an RSI of 69.79. A volume spike and bounce-back from the 20-day EMA reinforce the positive sentiment. Additionally, prior breakout levels are now acting as a strong support, indicating a potential continuation of the bullish trend.
NMDC Steel Ltd
NMDC Steel has exhibited a bullish breakout today, opening at Rs 55.65 and reaching a high of Rs 59.35, with support at Rs 55.3. The closing price is Rs 58.8, a significant increase from the previous close of Rs 54.6, resulting in a percentage change of 7.69%. The stock displays a cup & handle chart pattern breakout and is on the verge of a 52-week high breakout. Long green candles with high volatility signify strong bullish sentiment. The RSI at 74.54, along with a volume spike and the breakout pattern, indicates a positive outlook for the stock.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Nbcc (india) Limited
|
114.7
|
23,03,45,265
|
|
2
|
Railtel Corporation of India Ltd
|
437.75
|
5,92,92,767
|
|
3
|
NMDC Steel Ltd
|
58.7
|
5,43,43,494
|
|
4
|
Shipping Corporation Of India Limited
|
209.25
|
3,50,30,877
|
|
5
|
Rites Ltd
|
684.75
|
3,05,03,737
|
|
6
|
Indiabulls Housing Finance Limited
|
198.55
|
2,64,69,179
|
|
7
|
Salasar Techno Engineering Ltd
|
120.05
|
1,59,96,805
|
|
8
|
Ptc India Limited
|
229.55
|
1,51,90,496
|
|
9
|
Bombay Dyeing & Mfg Company Limited
|
181.95
|
1,29,75,379
|
|
10
|
Jain Irrigation Systems Limited
|
64.3
|
1,06,44,191
|