Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Tuesday's trading day saw benchmark indexes close on a high note. The Sensex ended the day at 73,057.40, slightly higher after closing with a 0.48 per cent gain, while the Nifty saw a 0.34 per cent gain, closing at 22,196.95. On the other hand, the Broader market also saw some losses, with Nifty Mid-Cap closing 0.23 per cent down and Nifty Small-Cap falling 0.46 per cent.
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The India VIX, which measures market volatility, has slightly increased by 0.34 per cent, indicating a rise in market volatility.
Top 3 price-volume breakout stocks
Zee Entertainment Enterprises Limited had a good day, opening at Rs 186, hitting a High of Rs 205.25 and a Low of Rs 184 before closing at Rs 190.4. The stock saw a significant increase of 6.67 per cent from the previous close of Rs 178.5. This uptrend was supported by a volume breakout, indicating increased buying interest. However, the stock is approaching resistance levels at Rs 208, 230, and 293. On the downside, support is seen at Rs 152. The Relative Strength Index (RSI) stands at 46.52, showing bullish momentum, but caution is advised as the stock nears resistance levels.
Allcargo Logistics Ltd experienced a strong trading session, opening at Rs 75 and reaching a High of Rs 87.5, with a Low of Rs 74.6, before closing at Rs 84.65, marking a significant 12.87 per cent increase from the previous close of Rs 75. The stock showed a price volume breakout, supported by a bounce from the support level, suggesting potential consolidation followed by a breakout. The RSI at 63.73 indicates bullish momentum, further validated by a volume spike.
Rama Steel Tubes Ltd exhibited notable movement, opening at Rs 39.45 and peaking at Rs 44.65, with a Low of Rs 39, before closing at Rs 43.6. This represents an 11.22 per cent increase from the previous close of Rs 39.2. The stock broke through a trendline, showcasing strong movement and bouncing back from support. Additionally, there was a price volume breakout accompanied by a volume spike. The RSI at 55.18 indicates favourable momentum, signalling potential further upside.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Zee Entertainment Enterprises Limited
|
192.65
|
8,53,02,095
|
|
2
|
Allcargo Logistics Limited
|
85.3
|
5,05,54,343
|
|
3
|
Rama Steel Tubes Limited
|
43.3
|
3,31,55,951
|
|
4
|
Snowman Logistics Limited
|
81.95
|
2,58,15,808
|
|
5
|
Lloyds Engineering Works Ltd
|
59.45
|
2,06,83,718
|
|
6
|
Zaggle Prepaid Ocean Services Ltd
|
290.35
|
1,18,31,512
|
|
7
|
HLV Ltd
|
37.6
|
75,00,370
|
|
8
|
TVS Supply Chain Solutions Ltd
|
200.45
|
73,16,250
|
|
9
|
Filatex India Limited
|
70.6
|
67,67,236
|
|
10
|
Mcleod Russel India Limited
|
37.05
|
67,09,088
|
Disclaimer: The article is for informational purposes only and not investment advice.