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 mixed note as Sensex marginally declined by 0.07 per cent and closed at 73,953.31 level, while Nifty gained by 0.12 per cent and closed at 22,529.05 level. Similarly, the Broader market also experienced mixed performance as Nifty Mid-Cap closed higher by 0.38 per cent, while Nifty Small-Cap plunged by 0.41 per cent.

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Market volatility, as indicated by India VIX, has surged 6.26 per cent and is trading above the level of 21 reflecting heightened market volatility.

Top 3 price-volume breakout stocks

NHPC Ltd: NHPC Ltd reached a high of Rs 104.5 today, with a significant traded volume of 206,793,531 shares. It is currently trading at Rs 103.55, up from the previous close of Rs 97.9, showing a percent change of 5.77 per cent. The stock is approaching its 52-week high of Rs 105.25. With a market cap of Rs 103,554.58 crore, NHPC Ltd has provided multibagger returns of 132.47 per cent over the past year. The stock has experienced a price volume breakout, a volume spike, and its RSI is at 63.68, indicating strong buying momentum.

NSE:NHPC Chart Image by prajwalwakhare

Bharat Electronics Ltd: Bharat Electronics Ltd saw a high of Rs 283 today, with a traded volume of 127,035,921 shares. The stock is currently trading at Rs 274, up from the previous close of Rs 258.8, reflecting a percent change of 5.87 per cent. It has matched its 52-week high of Rs 283. The market cap stands at Rs 200,361.02 crore, and the stock has given multibagger returns of 152.56 per cent over the last year. Bharat Electronics Ltd announced a dividend of Rs 0.70 in March. The stock witnessed a price volume breakout, a volume spike, and an RSI of 81.84, indicating overbought conditions.

NSE:BEL Chart Image by prajwalwakhare

Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd hit a high of Rs 345.9 today, with a traded volume of 110,366,536 shares. Currently, it is trading at Rs 339.5, up from the previous close of Rs 299.7, resulting in a percent change of 13.28 per cent. The stock reached its 52-week high of Rs 345.9 and has a market cap of Rs 71,257.37 crore. It has delivered multibagger returns of 193.35 per cent over the past year. The stock experienced a price volume breakout, a volume spike, and an RSI of 78.70, indicating strong buying interest. This impressive move is driven by positive Quarterly Results.

NSE:RVNL Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Nhpc Ltd

103.1

20,67,93,531

2

Bharat Electronics Ltd

274.15

12,70,35,921

3

Rail Vikas Nigam Ltd

341.75

11,03,66,536

4

Sjvn Ltd

148.15

8,28,57,438

5

Hindustan Construction Company Ltd

40.65

5,67,76,554

6

Housing and Urban Development Corporation

270

5,07,35,869

7

Ircon International Ltd

289.75

4,74,22,908

8

Vedanta Ltd

491.7

3,45,92,201

9

Patel Engineering Ltd

62.25

2,83,09,663

10

Uco Bank

56.55

2,38,34,965

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

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