Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a lower note as Sensex marginally declined by 0.04 per cent closing at 73,876.82 level, while Nifty also declined by 0.08 per cent and closed at 22,434.65 level. Similarly, the Broader market experienced significant gains as the Nifty Mid-Cap closed moderately gained by 0.59 per cent, while the Nifty Small-Cap soared by 1.12 per cent.
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Market volatility, as indicated by India VIX, has declined by 2.4 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Punjab National Bank (PNB): Today, PNB saw a significant surge in trading activity with a high volume of 100,643,107 shares exchanged. This coincided with a price increase to Rs 136 from the previous close of Rs 126.7, marking a notable 7.34 per cent change. The stock is currently trading at its 52-week high of Rs 136.7, indicating strong momentum. Additionally, the Relative Strength Index (RSI) sits comfortably at 68.42, suggesting a bullish trend. PNB also bounced from its 50-day Exponential Moving Average (EMA), a positive sign of support. Overall, PNB demonstrated a price volume breakout and a volume spike, reflecting heightened investor interest and potential upward movement.
Infibeam Avenues Ltd: Infibeam Avenues Ltd experienced a noteworthy day in the market, with a traded volume of 89,126,715 shares. This uptick in activity corresponded with a rise in price to Rs 38.5 from the previous close of Rs 35.75, marking a 7.69 per cent increase. The stock is currently trading at Rs 38.5, showing a price volume breakout and a volume spike. Furthermore, the RSI stands at 59.96, indicating bullish momentum. Infibeam Avenues Ltd also bounced from its 50-day EMA and the lower trendline of its channel, reinforcing positive sentiment. Today's performance suggests a strong move for the company, potentially signaling further upward movement.
National Aluminium Company Limited (NALCO): NALCO witnessed robust trading activity today, with a high volume of 75,955,052 shares traded. This coincided with a price increase to Rs 173.8 from the previous close of Rs 166.2, representing a 4.57 per cent change. Currently trading at its 52-week high of Rs 176.25, NALCO shows signs of a price volume breakout and a volume spike. The Relative Strength Index (RSI) is at 69.01, indicating strong bullish momentum. NALCO is also trading above all important moving averages, suggesting a positive outlook. Today's performance suggests NALCO may continue its upward trajectory, supported by significant investor interest and favorable technical indicators.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Punjab National Bank
|
135.15
|
10,06,43,107
|
|
2
|
Infibeam Incorporation Ltd
|
38.7
|
8,91,26,715
|
|
3
|
National Aluminium Company Ltd
|
174.75
|
7,59,55,052
|
|
4
|
Edelweiss Financial Services Ltd
|
73.35
|
4,14,96,450
|
|
5
|
IDBI Bank Ltd
|
87.85
|
2,23,31,075
|
|
6
|
Manappuram Finance Ltd
|
194.05
|
1,77,67,988
|
|
7
|
Jsw Energy Ltd
|
581.35
|
1,75,70,174
|
|
8
|
Cochin Shipyard
|
1074.65
|
1,58,34,277
|
|
9
|
Gujarat State Fertilizers & Chemicals Ltd
|
236.7
|
1,45,39,826
|
|
10
|
National Fertilizers Ltd
|
105
|
1,39,99,862
|
Disclaimer: The article is for informational purposes only and not investment advice.