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 substantially gained by 0.77 per cent and closed at 73,648.62 level, while Nifty also significantly gained by 0.86 per cent and closed at 22,336.40 level. Similarly, the Broader market experienced outperformance as the Nifty Mid-Cap closed substantially higher by 0.82 per cent, while the Nifty Small-Cap significantly gained by 1.31 per cent.
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Market volatility, as indicated by India VIX, has declined by 5.63 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Indian Renewable Energy Development Agency Ltd witnessed a significant gain in the market today. The stock traded at Rs 170.95, up 6.38 per cent from the previous close of Rs 160.7. The trading volume was a massive 62,935,305, indicating strong investor interest. This surge comes as the stock experienced a price volume breakout, with a noticeable volume spike, suggesting robust demand. The stock's rebound from earlier support levels and its position above the 50-day EMA highlight its potential for further breakout. With the Relative Strength Index (RSI) currently at 60.87, the stock shows momentum and is well-poised above its recent support levels, potentially gearing up for new highs.
Lloyds Engineering Works Ltd showed impressive performance. The company's stock is currently trading at its 52-week high of Rs 65.15, a jump of 19.98 per cent from its last close of Rs 54.3. The stock saw a traded volume of 39,928,375, indicating intense trading activity. Today's strong momentum was reflected in a volume spike and a price volume breakout, suggesting that the stock has captured traders' attention. Additionally, the stock's bounce from the 50-day EMA and a high RSI of 70.70 signal that investor sentiment is bullish.
Union Bank of India Ltd had a positive trading session today, closing at Rs 150.75, a 7.14 per cent increase from the previous close of Rs 140.7. The bank's shares were actively traded, with a volume of 27,745,626. Today's performance featured a price volume breakout and a strong upward move, indicating renewed investor confidence. The RSI stands at 51.96 points to a favorable momentum in the stock's movement. The bank's stock managed to bounce back from its support levels, adding to the bullish narrative.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
170.5
|
6,29,35,305
|
|
2
|
Lloyds Engineering Works Ltd
|
64.5
|
3,99,28,375
|
|
3
|
Union Bank Of India
|
150.6
|
2,77,45,626
|
|
4
|
Iti Limited
|
279.45
|
2,23,81,818
|
|
5
|
Hindustan Construction Company Limited
|
37.75
|
1,95,11,550
|
|
6
|
Sterling & Wilson Renewable Energy Ltd
|
617.65
|
1,30,38,071
|
|
7
|
Patel Engineering Limited
|
62.85
|
1,01,48,812
|
|
8
|
Morepen Laboratories Limited
|
51.8
|
93,92,886
|
|
9
|
Voltas Limited
|
1383.15
|
89,39,049
|
|
10
|
Triveni Engineering & Industries Limited
|
359.9
|
82,22,370
|
Disclaimer: The article is for informational purposes only and not investment advice.