Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a mixed note as Sensex marginally gained by 0.03 per cent closing at 74,248.22 level, while Nifty also closed flat at 22,513.70 level. The Broader market experienced positive performance as the Nifty Mid-Cap closed moderately higher by 0.56 per cent, while the Nifty Small-Cap soared by 0.84 per cent.
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Market volatility, as indicated by India VIX, has declined by 1.34 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Indian Renewable Energy Development Agency Ltd: Today, Indian Renewable Energy Dev Agency Ltd soared to Rs 181.15, with a remarkable traded volume of 142,812,761 shares. This surge marks an 11.40 per cent increase from the previous close of Rs 158.35. The stock exhibited a price volume breakout and base breakout, supported by a substantial volume spike. Additionally, the Relative Strength Index (RSI) stands at 68.79, indicating a bullish momentum. Notably, the stock bounced from a crucial support level earlier. With a market cap of Rs 47,425.59 crore, it's currently trading near its 52-week high of Rs 214.8, signaling a robust uptrend.
IRB Infrastructure Developers Ltd: IRB Infrastructure Developers Ltd experienced a notable uptick, reaching Rs 67.9, accompanied by a traded volume of 61,806,407 shares. This surge reflects a 6.25 per cent increase from the previous close of Rs 63.15. The stock demonstrated a price volume breakout and trendline breakout, supported by a significant volume spike. Moreover, the RSI at 64.54 suggests a bullish sentiment, further reinforced by crossing the 50-day Exponential Moving Average (EMA). With a market cap of Rs 40,575.34 crore, it's currently showing strength after surpassing the Rs 72 mark.
NBCC (India) Ltd: NBCC (India) Ltd surged to Rs 138.95, with a traded volume of 37,979,226 shares, showcasing a 9.52 per cent increase from the previous close of Rs 126.6. The stock demonstrated a price volume breakout and range breakout, supported by a notable volume spike. Additionally, the RSI at 65.41 indicates a bullish trend, with the stock trading above all significant moving averages. With a market cap of Rs 24,903.75 crore, it's currently displaying strength after surpassing the Rs 176.85 mark but remains below its 52-week high of Rs 214.8.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
176.45
|
14,28,12,761
|
|
2
|
IRB Infrastructure Developers Ltd
|
67.2
|
6,18,09,153
|
|
3
|
NBCC (india) Ltd
|
138.35
|
3,79,79,226
|
|
4
|
Shipping Corporation of India Land & Assets Ltd
|
65.65
|
3,77,68,092
|
|
5
|
NCC Ltd
|
272.7
|
3,27,94,515
|
|
6
|
D B Realty Ltd
|
229.6
|
1,83,97,089
|
|
7
|
IIFL Holdings Ltd
|
401.25
|
1,58,34,428
|
|
8
|
Dhani Services Ltd
|
43.25
|
1,18,50,143
|
|
9
|
Indraprastha Gas Ltd
|
460.1
|
1,17,29,352
|
|
10
|
Mahanagar Telephone Nigam Ltd
|
39.6
|
96,16,078
|
Disclaimer: The article is for informational purposes only and not investment advice.