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 negative note as Sensex substantially declined by 1.06 per cent and closed at 74,244.90 level, while Nifty also plunged by 1.03 per cent and closed at 22,519.40 level. Similarly, the Broader market experienced negative performance as Nifty Mid-Cap closed moderately lower by 0.62 per cent, while Nifty Small-Cap plummeted by 0.62 per cent.
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Market volatility, as indicated by India VIX, has surged by 4.41 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Hindustan Zinc Ltd: The stock of Hindustan Zinc Ltd is currently trading at Rs 431.2, up by 7.45% from the previous close of Rs 401.3. With a traded volume of 19,951,451, it shows a significant price volume breakout, accompanied by a volume spike. The Relative Strength Index (RSI) stands at 90.89, indicating overbought conditions. The stock has displayed strong momentum in recent trading sessions, suggesting potential for further upside. Its 52-week high and low are Rs 437.8 and Rs 284.6, respectively, reflecting its volatility. With a market capitalization of Rs 182,424.97 crore, investors should watch for potential continuation of the breakout.
Ramco Systems Ltd: Ramco Systems Ltd is currently trading at Rs 392, marking a 14.99% increase from its previous close of Rs 340.9, with a traded volume of 10,150,099. The stock has experienced a price volume breakout and a volume spike, along with a 52-week breakout. The RSI is at 79.47, indicating strong bullish momentum. These factors suggest a likely continuation of the uptrend. The stock's 52-week high and low are Rs 407 and Rs 209.3, respectively. With a market capitalization of Rs 1,404.61 crore, investors should monitor for sustained upward movement.
Central Depository Services (India) Ltd: Central Depository Services (India) Ltd is currently trading at Rs 2002.9, up by 6.42% from the previous close of Rs 1882.05, with a traded volume of 8,095,570. The stock exhibits a price volume breakout and a volume spike, accompanied by a consolidation breakout. The RSI is at 68.42, indicating bullish momentum. Its 52-week high and low are Rs 2067 and Rs 973.5, respectively. With a market capitalization of Rs 20,930.29 crore, investors should watch for potential further gains.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Hindustan Zinc Ltd
|
431.95
|
1,99,51,451
|
|
2
|
Ramco Systems Ltd
|
396.35
|
1,01,53,622
|
|
3
|
Central Depository Services Ltd
|
2008.1
|
80,95,570
|
|
4
|
Exicom Tele-Systems Ltd
|
241.9
|
59,77,945
|
|
5
|
Nandan Denim Ltd
|
43.65
|
57,00,459
|
|
6
|
Krystal Integrated Services Ltd
|
1016.3
|
41,06,803
|
|
7
|
Quess Corp Ltd
|
611.25
|
39,80,009
|
|
8
|
Ashiana Housing Ltd
|
335
|
35,70,388
|
|
9
|
Archean Chemical Industries Ltd
|
694.6
|
33,24,651
|
|
10
|
Mindteck (india) Ltd
|
288.8
|
18,71,648
|
Disclaimer: The article is for informational purposes only and not investment advice.