Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
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.
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. If this interests you, then do download the service details pdf here
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.
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.
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.
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.