Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Prajwal Wakhare

Top 3 price-volume breakout stocks

Frontline indexes had a successful day on Wednesday, with Sensex closing significantly higher by 0.86 per cent to end at 71,752.11 and Nifty rising by 0.95 per cent to close at 21,725.70. On the other hand, the Broader market saw notable gains as Nifty Small-Cap surged by 2.25 per cent and Nifty Mid-Cap finished significantly higher by 1.63 per cent.

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The India VIX, which measures market volatility, has slightly decreased by 0.34 per cent, indicating a decrease in market volatility.

Top 3 price-volume breakout stocks

Hindustan Construction Company Ltd (Rs 45.6): The stock displayed a robust performance today, breaking through its previous resistance levels with a significant price volume breakout. Closing at an impressive Rs 45.6, it surpassed its previous close by 11.63 per cent, reflecting a sharp rise in value. The RSI stands at 79.36, approaching the overbought region, indicating super strong bullish momentum. Additionally, the stock witnessed a substantial volume spike, further confirming the breakout. Investors should take note of this all-time high breakout, suggesting a potential upward trend in the coming sessions.

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Vakrangee Limited (Rs 30.15): Vakrangee exhibited a remarkable uptrend today, locking into the upper circuit at Rs 30.15, a substantial gain of 19.88 per cent from the previous close. The stock's price volume breakout, continuous upsurge, and strong buyers' interest highlight its super strong bullish momentum. With an RSI at 84.05, the stock is in a bullish zone, indicating a strong trend. Notably, high volumes in the last four trading sessions and the upper circuit lock further support the stock's positive momentum, making it an attractive choice for traders.

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UCO Bank (Rs 46.6): UCO Bank saw a price volume breakout, reaching a notable Rs 46.6, touching its 52-week high. Despite facing some selling pressure today, the stock demonstrated resilience, closing 6.51 per cent higher than the previous session. The RSI at 70.34, within the bullish zone, suggests a potential continuation of the uptrend. Investors should note the volume above the daily average, indicating sustained interest. While facing short-term selling pressure, the stock's overall performance and bullish indicators make it a stock to watch for potential opportunities in the current market conditions.

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The following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Price

Volume

1

Hindustan Construction Company Limited

45.6

19,80,49,717

2

Vakrangee Limited

30.15

19,08,90,047

3

Uco Bank

46.6

15,65,08,321

4

Indian Railway Finance Corporation Ltd

176.45

8,41,59,602

5

Mahanagar Telephone Nigam Limited

49.8

7,15,83,989

6

Dcw Limited

68.9

3,92,64,498

7

NMDC Steel Ltd

69.6

3,88,78,236

8

Morepen Laboratories Limited

52.95

3,83,39,162

9

Patel Engineering Limited

70

2,47,60,817

10

Welspun Living Ltd

164

2,12,87,837

Disclaimer: The article is for informational purposes only and not investment advice.

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