Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Benchmark indices had a positive finish to the trading day on Friday, with Sensex closing 1.72 percent higher and reaching a new all-time high of 73,819.21, and Nifty rising 1.62 per cent to reach a new all-time high of 22,353.30. The Broader market also saw notable gains, with Nifty Mid-Cap closing at a higher level by 0.94 per cent and Nifty Small-Cap rising by 0.52 per cent.
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The India VIX, which measures market volatility, has decreased by 4.64 per cent, indicating a fall in market volatility.
Top 3 price-volume breakout stocks
Steel Authority of India Ltd is showing promising signs today. It has seen a significant price volume breakout, indicating strong buying interest. The stock is approaching its previous high, which could act as a resistance level. However, it's currently trading above its 52-week high, suggesting bullish momentum. The RSI at 58.95 indicates a moderate bullish sentiment. Additionally, the stock has bounced back from its 50-day EMA, a positive sign. The volume spike further confirms the strength of the current uptrend.
Tata Steel Ltd is showing bullish momentum. The stock has bounced back from its 50-day EMA, indicating buying interest at lower levels. It has also broken out above its 52-week high, a significant milestone. The ascending triangle breakout pattern suggests a continuation of the uptrend. With an RSI of 65.29, the stock is moderately overbought. The volume spike further validates the bullish sentiment in the stock.
Jamna Auto Industries Ltd is displaying bullish signals today. The stock has bounced back from its 50-day EMA, indicating renewed buying interest. It has also broken out from its base, signaling a potential uptrend continuation. The RSI at 65.85 suggests the stock is moderately overbought. There's a possibility of a 52-week high breakout, supported by increasing volumes. However, resistance may be encountered at the previous 52-week high of Rs 135.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Steel Authority Of India Limited
|
133
|
14,05,28,760
|
|
2
|
Tata Steel Limited
|
149.95
|
12,37,09,943
|
|
3
|
Jamna Auto Industries Limited
|
130.2
|
5,32,24,127
|
|
4
|
Rico Auto Industries Limited
|
123.9
|
3,69,54,688
|
|
5
|
Suven Pharmaceuticals Ltd
|
686.1
|
1,42,77,053
|
|
6
|
Oil India Limited
|
589.15
|
1,07,63,632
|
|
7
|
Kellton Tech Solutions Limited
|
122.8
|
91,22,789
|
|
8
|
Bodal Chemicals Limited
|
88.75
|
75,44,085
|
|
9
|
Jindal Steel & Power Limited
|
822.85
|
52,56,259
|
|
10
|
Adf Foods Limited
|
222.65
|
44,01,145
|
Disclaimer: The article is for informational purposes only and not investment advice.