Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the trading day on a positive note as Sensex moderately gained by 0.49 per cent closing at 74,014.55 level, while Nifty also surged by 0.61 per cent and closed at 22,426 level. Similarly, the Broader market experienced significant gains as Nifty Mid-Cap closed substantially higher by 1.74 per cent, while the Nifty Small-Cap soared by 3.26 per cent.
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Market volatility, as indicated by India VIX, has declined by 5.84 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Infibeam Avenues Ltd: In today's trading session, Infibeam Avenues Ltd saw its stock price rise to Rs 36.25 with a traded volume of 45,277,460 shares. This marks a slight increase from the previous close of Rs 34.10, indicating a positive percent change of 5.43 per cent. The stock is showing signs of a price volume breakout and volume spike, along with bouncing from a support level of Rs 34. It's also trading within a rising channel, with the Relative Strength Index (RSI) at 52.16. These indicators suggest a bullish sentiment in the short term.
Indus Towers Ltd: The stock of Indus Towers Ltd surged to Rs 319.50, backed by a significant traded volume of 40,267,500 shares, up from the previous close of Rs 291.15. This represents a substantial percent change of 8.26 per cent, with the stock hitting back-to-back 52-week highs. The RSI is currently at 78.01, indicating strong bullish momentum, and it's noteworthy that RSI above 70 typically signifies a continued bullish trend. Additionally, the stock is exhibiting a price volume breakout and volume spike, suggesting sustained upward momentum.
Hindustan Copper Ltd: Hindustan Copper Ltd saw its stock price rise to Rs 312.65 with a traded volume of 35,423,166 shares. This marks an increase from the previous close of Rs 278.05, indicating a significant percent change of 11.27 per cent. The stock experienced a price volume breakout and volume spike, along with a range breakout. It's currently trading above the 20-day Exponential Moving Average (EMA), with the RSI at 64.47. These factors indicate bullish sentiment, suggesting potential further upside in the near term.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Infibeam Incorporation Limited
|
36.05
|
4,53,01,936
|
|
2
|
Indus Towers Ltd (Bharti Infratel)
|
315.2
|
4,02,67,550
|
|
3
|
Hindustan Copper Limited
|
309.85
|
3,54,23,166
|
|
4
|
National Aluminium Company Limited
|
161.5
|
2,71,30,487
|
|
5
|
Hindustan Construction Company Limited
|
34.3
|
2,67,13,066
|
|
6
|
NMDC Steel Ltd
|
60.95
|
2,38,62,572
|
|
7
|
Bajaj Hindusthan Sugar Limited
|
31.9
|
2,18,98,245
|
|
8
|
Himachal Futuristic Communications Limited
|
98.6
|
2,17,67,218
|
|
9
|
Nmdc Limited
|
212.6
|
1,99,48,715
|
|
10
|
Ujjivan Small Finance Bank Ltd
|
48.45
|
1,82,20,061
|
Disclaimer: The article is for informational purposes only and not investment advice.