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 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.
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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.
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.
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.
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.