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 1.28 per cent and closed at 74,671.28 level, while Nifty also significantly gained by 1 per cent and closed at 22,643.40 level. Similarly, the Broader market experienced moderate gains as Nifty Mid-Cap closed higher by 0.42 per cent, while Nifty Small-Cap gained by 0.22 per cent.
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Market volatility, as indicated by India VIX, has surged by 11.99 per cent, reflecting a significant increase in market volatility.
Top 3 price-volume breakout stocks
Indian Renewable Energy Dev Agency Ltd (IREDA): Today, IREDA shares have shown remarkable trading activity, with a traded volume of 103,326,709 and are currently trading at Rs 181.75. The stock hit a high of Rs 192.2 during the session, marking a significant movement from the previous close of Rs 170.65. This is a 6.50 per cent increase, signaling strong buyer interest. The shares have broken past previous resistance levels and are trading above these marks, indicating a potential uptrend towards the 52-week high of Rs 214.8. The Relative Strength Index (RSI) at 66.62 further supports the bullish sentiment. Investors are looking at this performance optimistically as the stock demonstrates a base and price volume breakout, suggesting a likely continuation of its upward trajectory.
Bank of Maharashtra Ltd: Bank of Maharashtra's stock has been active in today's trading, with a high of Rs 71.45 on a traded volume of 100,589,434. Currently, the stock is trading at Rs 70.95, up by 4.88 per cent from the previous close of Rs 67.65. This upward movement has surpassed the 50-day EMA, marking a breakout to a new 50-week high of Rs 71.45. The volume spike and the RSI, currently at 71.60, indicate a strong upward momentum and investor confidence. The price and volume breakout suggest that the stock is well-positioned for further upward movement, having successfully bounced off a significant technical level and broken past previous highs.
Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd showcased a significant trading day with a high of Rs 72.65 and a volume of 47,514,200. The stock is currently trading at Rs 70.5, demonstrating a substantial increase of 10.68 per cent from its previous close of Rs 63.7. This performance comes after the stock’s bounce from the 200-day EMA, showing a robust bullish pattern continuation. The RSI stands at 72.22, reinforcing the strength of the current upward trend. Today's trading confirms a continuation pattern breakout, with the price moving above prior resistance, indicating a strong long-term bullish outlook for the stock.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
181.4
|
10,33,26,709
|
|
2
|
Bank Of Maharashtra
|
71.05
|
10,06,04,849
|
|
3
|
Lloyds Engineering Works Ltd
|
70.05
|
4,75,17,680
|
|
4
|
Bajaj Hindusthan Sugar Ltd
|
36.3
|
4,70,41,696
|
|
5
|
Jamna Auto Industries Ltd
|
141.75
|
1,76,49,862
|
|
6
|
Jain Irrigation Systems Ltd
|
63.4
|
1,59,02,661
|
|
7
|
Hindustan Motors Ltd
|
31.5
|
1,23,77,384
|
|
8
|
Aegis Logistics Ltd
|
696.15
|
1,03,26,489
|
|
9
|
AU Small Finance Bank
|
637.95
|
1,02,01,170
|
|
10
|
Bls International Services Ltd
|
349.95
|
98,77,130
|
Disclaimer: The article is for informational purposes only and not investment advice.