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

Benchmark indexes had a poor finish to the trading day on Friday. The Sensex ended the day slightly down, closing at 73,142.80, while the Nifty closed flat, setting a new all-time high at 22,297.50. Comparably, the Broader market saw modest gains as Nifty Small-Cap surged by 0.34 per cent and Nifty Mid-Cap finished higher by 0.27 per cent.

DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

The India VIX, which measures market volatility, has decreased by 1.48 per cent, indicating a fall in market volatility.

Top 3 price-volume breakout stocks

Jio Financial Services Ltd (Rs 335): Jio Financial Services saw a strong movement today, with prices bouncing back significantly from their 50-day Exponential Moving Average (EMA) some time ago. The stock also broke its all-time high, indicating bullish sentiment. However, caution is warranted as the Relative Strength Index (RSI) is at 81.59, entering the overbought region, suggesting a possible correction in the near future. The price volume breakout accompanied by a volume spike further reinforces the bullish momentum.

NSE:JIOFIN Chart Image by prajwalwakhare

Indus Towers Ltd (Rs 240.5): Indus Towers experienced a notable price volume breakout today, coupled with a strong gap up move and a breakout to its 52-week high. The Relative Strength Index (RSI) stands at 66.10, indicating bullish momentum but not yet in the overbought territory. The surge in volume can be attributed to the positive news surrounding Vodafone Idea's fundraise plan, further boosting investor confidence.

NSE:INDUSTOWER Chart Image by prajwalwakhare

Bharat Electronics Ltd (Rs 204.6): Bharat Electronics witnessed a price volume breakout today, along with a V-shaped base formation, though sustainability remains uncertain. The stock also broke out of its range, supported by a bounce back from its 50-day EMA. The RSI at 71.78 suggests bullish momentum, but investors should monitor for any signs of overbuying. The volume spike indicates heightened trading activity, reflecting increased investor interest in the stock.

NSE:BEL Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Jio Financial Services Ltd

333.95

27,00,77,122

2

Indus Towers Ltd (Bharti Infratel)

241.15

7,78,10,544

3

Bharat Electronics Limited

205.3

7,61,79,371

4

Sindhu Trade Links Ltd

41.55

5,93,76,153

5

Indiabulls Housing Finance Limited

207

5,19,60,119

6

Adani Wilmar Ltd

389.95

2,28,68,786

7

JSW Infrastructure Ltd

262.45

2,16,02,550

8

Meghmani Organics Ltd

99.15

2,00,06,209

9

Railtel Corporation of India Ltd

407.75

1,57,12,272

10

Shriram Properties Ltd

130.3

1,23,10,597

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

Previous Article Tata's order: Leading small-cap multibagger in power generation equipment market secures order for turbine generator from Tata group company!
Next Article F&O Market Watch: What does the Futures and Options Market suggest about trade on February 23?
Rate this article:
3.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR