Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Frontline indices concluded the trading day on a higher note as Sensex closed moderately higher by 0.23 per cent concluding at 71,595.49 level, while Nifty also surged by 0.3 per cent and closed at 21,782.50 level. Similarly, the Broader market also experienced a major decline as Nifty Mid-Cap closed substantially lower by 1.34 per cent, while Nifty Small-Cap plummeted by 1.7 per cent.
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Market volatility, as indicated by India VIX, has declined by 3.22 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Zee Entertainment Enterprises Limited: Today, Zee Entertainment Enterprises witnessed a price volume breakout, indicating a potential upward movement. The stock seems to have found support at Rs 185.25, bouncing back with a closing price (CMP) of Rs 204.8. Candle range is expanding, showing increased market activity. The Relative Strength Index (RSI) at 47.47 suggests a neutral stance. Notably, there was a significant volume spike, possibly fuelled by the recovery from the Sony-Zee merger news. Overall, the stock shows signs of bullish momentum with rising volumes.
Swan Energy Ltd: Swan Energy Ltd experienced a price volume breakout, accompanied by a small range breakout, signalling a possible uptrend. With highs at Rs 711.4 and lows at Rs 653.2, the stock closed at Rs 704.2. The RSI of 76.30 indicates strong buying interest without being overbought. Notably, rising volumes on up days suggest sustained momentum, especially as energy stocks remain in focus. With a continuous surge in buyer interest, Swan Energy presents itself as a potential momentum stock.
Welspun Living Ltd: Welspun Living Ltd saw a price volume breakout, albeit without strong indicators of a significant uptrend. With a close at Rs 157.8 and highs at Rs 160, the stock's RSI stands at 56.11, suggesting moderate bullish sentiment. While there was a notable volume spike, other parameters like candle range and momentum remain relatively unchanged. However, the increased volume activity compared to other stocks indicates potential interest from investors. Welspun Living warrants further observation to ascertain its future direction.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Zee Entertainment Enterprises Limited
|
203.25
|
6,98,98,250
|
|
2
|
Swan Energy Limited
|
708.2
|
1,26,87,523
|
|
3
|
Welspun Living Ltd
|
157.5
|
1,17,51,568
|
|
4
|
Prism Johnson Ltd
|
183
|
2,46,93,633
|
|
5
|
Sindhu Trade Links Ltd
|
36.45
|
2,46,46,640
|
|
6
|
Kcp Limited
|
201.3
|
82,54,965
|
|
7
|
Sms Pharmaceuticals Limited
|
146.3
|
72,94,493
|
|
8
|
Olectra Greentech Ltd
|
1999.75
|
61,88,929
|
|
9
|
Virinchi Ltd
|
40.65
|
33,19,116
|
|
10
|
Schneider Electric Infrastructure Limited
|
594.8
|
29,06,836
|
Disclaimer: The article is for informational purposes only and not investment advice.