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

Top 3 price-volume breakout stocks

On Friday, Benchmark indices concluded trading day on a higher note as Sensex moderately gained by 0.36 per cent and closed at 72,664.47 level, while Nifty also gained by 0.44 per cent and closed at 22.055.20 level. Similarly, the Broader market experienced substantial gains as Nifty Mid-Cap closed substantially higher by 0.86 per cent, while Nifty Small-Cap soared by 0.69 per cent.

Market volatility, as indicated by India VIX, has surged by 2.2 per cent, reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Hindustan Zinc Ltd: Hindustan Zinc Ltd showed significant market activity today, with its stock price hitting a new 52-week high of Rs 540.95 and closing at Rs 529, up by nearly 16 per cent from the previous close of Rs 456.15. This rise is supported by a substantial traded volume of 28,236,129 shares, indicating a strong price volume breakout. Currently, the stock is trading with an impressive 67.20 per cent year-on-year return and has a robust market cap of Rs 222,762.58 crore. Additionally, the Relative Strength Index (RSI) stands at 77.34, suggesting the stock might be overbought. Investors also received news of a dividend payout of Rs 10, which likely contributed to today's bullish sentiment.

Jupiter Wagons Ltd: Jupiter Wagons Ltd experienced a robust trading session, reaching a new peak of Rs 497.9 before settling at Rs 484.1, marking a 15.19 per cent increase from the previous close of Rs 420.25. The trading volume was notably high at 26,291,274, pointing to significant investor interest and a price volume breakout. The stock is currently boasting multibagger returns of 335.04 per cent and holds a market cap of Rs 16,831.89 crore. The RSI is currently at 78.54, which might indicate the stock is potentially overextended in the short term. Today’s strong green candle on the chart reinforces the positive momentum behind Jupiter Wagons.

Jain Irrigation Systems Ltd: Jain Irrigation Systems Ltd saw its stock price rise to Rs 69.85, finally closing slightly lower at Rs 68.1, which is a 5.83 per cent increase from its previous close of Rs 64.35. The trading volume reached 14,403,838, showing solid participation, which along with the trendline breakout suggests a continuing interest among traders. The company's stock is currently showing a return of 69.14 per cent over the last year and has a market capitalization of Rs 4,635.67 crore. The RSI at 63.74 indicates healthy buying interest without entering overbought territory. Investors are also keenly awaiting the upcoming announcement of its Quarterly Results on May 23, 2024, which could impact future trading.

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

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