Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!

Prajwal Wakhare

Top 3 price-volume breakout stocks

On Friday, Benchmark indices concluded the trading week on a positive note as Sensex substantially declined by 0.82 per cent and closed at 73,730.16 level, while Nifty also significantly plunged by 0.67 per cent and closed at 22,419.95 level. Similarly, the Broader market experienced significant gains as Nifty Midcap closed higher by 0.79 per cent, while Nifty Smallcap gained by 0.56 per cent.

DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. This service is available as part of the "Festive Savings" combo offer discounted at 51%. Do download the service details pdf here

Market volatility, as indicated by India VIX, has gained by 1.82 per cent, reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd is currently trading at Rs 157.8, reaching a high of Rs 159 today. There has been significant trading activity, with 131,170,998 shares traded. This marks a substantial increase of 5.02 per cent from its previous close at Rs 150.25. This uptick is attributed to multiple technical indicators pointing towards bullish trends, including a price­ volume breakout and a notable volume spike. The stock has also demonstrated a base and resistance breakout, signaling readiness for its next rally phase. The Relative Strength Index (RSI) standing at 67.50 further supports this upward momentum.

NSE:IRFC Chart Image by prajwalwakhare

GMR Airports Infrastructure Ltd: GMR Airports Infrastructure Ltd is currently trading at Rs 91.3 after reaching a high of Rs 92.4, showcasing a robust traded volume of 121,203,082 shares. The stock has gained 7.22 per cent from its previous closing price of Rs 85.15. Today's performance is marked by a price-volume breakout and a significant volume spike. The stock has demonstrated resilience by bouncing back from its base and is now positioned favorably near its 52-week high. An RSI of 69.59 indicates strong momentum, potentially setting the stage for the stock to break its 52-week high of Rs 94.35.

NSE:GMRINFRA Chart Image by prajwalwakhare

Housing And Urban Development Corp Ltd: The Housing And Urban Development Corp Ltd stock has reached a 52-week high price of Rs 234.3 today. It is currently trading at Rs 227.35, after experiencing a substantial trading volume of 108,844,118 shares. This represents an 11.97% increase from its previous closing price of Rs 203.05. The sharp rise is driven by a breakout in price and volume, along with a significant volume spike. The stock has broken out of its 52-week high, with an RSI (Relative Strength Index) of 72.03, suggesting a bullish trend. This breakout could potentially attract further interest as the stock maintains its upward momentum.

NSE:HUDCO Chart Image by prajwalwakhare

The following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Price

Volume

1

Indian Railway Finance Corporation Ltd

158.05

13,11,62,984

2

Gmr Infrastructure Limited

90.75

12,12,20,083

3

Housing and Urban Development Corporation

228.1

10,88,37,990

4

Biocon Limited

306.4

4,53,64,649

5

Engineers India Limited

236.85

2,92,98,360

6

Nlc India Limited

250.55

2,56,96,643

7

Tech Mahindra Limited

1278.75

2,04,31,586

8

Zensar Technologies Limited

620.75

1,49,63,000

9

Dolat Algotech Ltd

111.1

1,08,42,052

10

Container Corporation Of India Limited

1068

76,42,106

Disclaimer: The article is for informational purposes only and not investment advice.

Previous Article Promoters sold 34,37,205 shares of this multibagger sugar stock under Rs 100; Board announces stock split from Rs 10 to Rs 1
Next Article Multibagger in just 1 year: This iron & steel company bags new orders worth Rs 611 crore from Latin America
Rate this article:
3.3

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR