Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Benchmark indexes had a good end to the trading day on Monday. The Sensex ended the day at a level of 72,708.16, slightly up by 0.39 per cent, while the Nifty closed at 22,122.25, up by 0.37 per cent. In a similar vein, the Broader market saw modest increases as well. Nifty Small-Cap surged by 0.4 per cent, while Nifty Mid-Cap finished higher by 0.36 per cent.
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The India VIX, which measures market volatility, has increased by 5.22 per cent, indicating a rise in market volatility.
Top 3 price-volume breakout stocks
HFCL Ltd: The stock of HFCL Ltd opened at Rs 100.9, reached a high of Rs 110.7, and a low of Rs 99.65 before settling at Rs 106.9, marking a 6.47 per cent increase from the previous close of Rs 100.4. Today, HFCL showed a significant volume breakout, hinting at increased investor interest. It's on the verge of breaking its all-time high, with strong volumes supporting the upward momentum. Although facing minor resistance at the 52-week high, the Relative Strength Index (RSI) at 61.30 indicates a bullish sentiment. Moreover, the stock finds support on the trendline and the 50-day Exponential Moving Average (EMA), reinforcing the positive outlook.
Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd witnessed a trading range between Rs 254.3 and Rs 281.3, closing at Rs 266.4, up by 5.84 per cent from the previous close of Rs 251.7. Today, the stock experienced a price volume breakout, accompanied by a bounce from the 50-day EMA, suggesting potential consolidation before a breakout. The RSI at 53.79 signals a bullish sentiment, supported by a notable volume spike.
Mangalore Refinery and Petrochemicals Ltd: Mangalore Refinery and Petrochemicals Ltd achieved an all-time high, trading between Rs 252 and Rs 289.25, and closing at Rs 287.8, reflecting a substantial increase of 19.39 per cent from the prior close of Rs 241.05. The stock demonstrated a strong uptrend, breaking through its 52-week high with a notable price volume breakout. However, caution is advised as the RSI is at 83.68, entering the overbought region. Nonetheless, the accompanying volume spike indicates sustained buying interest.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Himachal Futuristic Communications Limited
|
107.3
|
7,55,41,679
|
|
2
|
Rail Vikas Nigam Ltd
|
266.25
|
5,15,06,679
|
|
3
|
Mangalore Refinery And Petrochemicals Limited
|
286.1
|
4,62,21,809
|
|
4
|
Confidence Petroleum India Ltd
|
114.6
|
4,03,43,169
|
|
5
|
Lloyds Engineering Works Ltd
|
55.55
|
1,81,41,275
|
|
6
|
JSW Infrastructure Ltd
|
233.1
|
1,60,54,664
|
|
7
|
Engineers India Limited
|
231
|
1,58,28,143
|
|
8
|
Edelweiss Financial Services Limited
|
77.05
|
1,56,00,836
|
|
9
|
Redington (india) Limited
|
207.9
|
1,31,82,467
|
|
10
|
Hi-Tech Pipes Ltd
|
168.55
|
1,16,36,666
|
Disclaimer: The article is for informational purposes only and not investment advice.