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 Tuesday, Benchmark indices concluded trading day on a higher note as Sensex moderately gained by 0.45 per cent and closed at 73,104.61 level, while Nifty also gained by 0.51 per cent and closed at 22,217.85 level. Similarly, the Broader market experienced significant gains as Nifty Mid-cap closed higher by 0.98 per cent, while Nifty Small-cap soared by 2.03 per cent.

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Market volatility, as indicated by India VIX, has declined by 0.68 per cent, reflecting slight decrease increase in market volatility.

Top 3 price-volume breakout stocks

NHPC Ltd: NHPC Ltd's stock saw a price increase of Rs 5.65 to reach Rs 98.8 from the previous close of Rs 93.75, marking a 5.39 per cent change. With a traded volume of 105,222,356, it currently stands at Rs 99.4. This surge is possibly influenced by its impressive 1-year returns of 121.86 per cent, coupled with a price volume breakout, a notable volume spike, and a relatively stable RSI of 59.30. Additionally, the stock seems to be bouncing off its 50-day EMA. This positive movement could reflect anticipation surrounding NHPC Ltd's upcoming Quarterly Results.

NSE:NHPC Chart Image by prajwalwakhare

Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd experienced a significant surge, climbing by Rs 11.85 to reach Rs 157.75 from the previous close of Rs 145.9, marking an 8.12 per cent change, backed by a traded volume of 65,039,211. Currently trading at Rs 158, the stock exhibits signs of a price volume breakout and a volume spike, alongside a stable RSI of 58.70 and a rebound from its 50-day EMA. Its remarkable 1-year returns of 368.15 per cent further strengthen investor sentiment. This upward momentum could be attributed to the anticipation of the company's quarterly results.

NSE:IRFC Chart Image by prajwalwakhare

Housing And Urban Development Corp Ltd: Housing And Urban Development Corp Ltd's stock surged by Rs 16.05 to reach Rs 232.4 from the previous close of Rs 216.35, marking a 7.42 per cent change, with a traded volume of 33,048,809. Currently trading at Rs 235.8, it shows signs of a price volume breakout, a volume spike, and a strong RSI of 65.03, alongside its proximity to its 52-week high. This surge follows the company's announcement of a dividend of Rs 1.50 in March 2024 and anticipation surrounding its upcoming quarterly results scheduled for May 29, 2024.

NSE:HUDCO Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Nhpc Limited

98.95

10,52,22,356

2

Indian Railway Finance Corporation Ltd

157.3

6,50,39,211

3

Housing and Urban Development Corporation

233.8

3,30,48,809

4

National Aluminium Company Limited

189.85

3,12,79,139

5

Ifci Limited

53.35

2,88,78,377

6

Peninsula Land Limited

70.4

2,39,49,366

7

Engineers India Limited

245.4

2,10,63,588

8

Rail Vikas Nigam Ltd

273.95

2,07,89,907

9

Indian Renewable Energy Development Agency Ltd

173.15

2,06,44,658

10

Alembic Limited

100.35

1,90,24,744

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

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