Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex moderately declined by 0.29 per cent and closed at 75,170.46 level, while Nifty plunged by 0.19 per cent and closed at 22,888.15 level. Similarly, the Broader market experienced negative performance as Nifty Mid-Cap closed lower by 0.89 per cent, while the Nifty Small-Cap plunged by 85 per cent.
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Market volatility, as indicated by India VIX, has surged 4.12 per cent and is trading above the level of 24 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
Ashima Ltd: Ashima Ltd experienced a significant surge today, hitting a high of Rs 33.95 with a traded volume of 21,343,411 shares. The stock is currently trading at Rs 33.5, up from its previous close of Rs 28.55, marking a substantial 17.34 per cent increase. This breakout to a 52-week high of Rs 33.95, along with a market cap of Rs 642.06 crore, highlights strong investor interest. The stock's Relative Strength Index (RSI) stands at 78.41, indicating overbought conditions. Notably, Ashima Ltd has delivered multibagger returns of 138.85 per cent over the past year. The impressive price volume breakout and the spike in trading volume suggest robust momentum, with this move being significantly influenced by positive Quarterly Results.
Nandan Denim Ltd: Nandan Denim Ltd saw a notable price movement, reaching a high of Rs 43.7 with a traded volume of 9,201,731 shares. It is currently trading at Rs 40.3, up from its previous close of Rs 37.45, resulting in a 7.61 per cent gain. The stock bounced back strongly from the 50-day EMA, with a current RSI of 60.04. The 52-week high stands at Rs 48.6, and the market cap is Rs 581.55 crore. Over the past year, Nandan Denim Ltd has delivered impressive returns of 91.38 per cent. The price volume breakout and increased trading activity reflect renewed investor confidence. This upward movement is largely driven by the company's encouraging quarterly results.
Gokul Agro Resources Ltd: Gokul Agro Resources Ltd experienced a significant price movement, reaching a high of Rs 159 with a traded volume of 4,399,615 shares. It is currently trading at Rs 158.15, up from its previous close of Rs 140.4, marking a 12.64 per cent increase. The stock's 52-week high is Rs 165.75, and it has a market cap of Rs 2,319.86 crore. The RSI is currently at 57.34, indicating a strong pullback. Gokul Agro Resources Ltd has delivered returns of 57.34 per cent over the past year. The price volume breakout and the spike in volume signal strong bullish sentiment.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ashima Ltd
|
33.2
|
2,13,54,754
|
|
2
|
Nandan Denim Ltd
|
41.05
|
92,01,731
|
|
3
|
Gokul Agro Resources Ltd
|
156.95
|
43,99,615
|
|
4
|
Prozone Realty Ltd
|
33.15
|
23,20,660
|
|
5
|
Hatsun Agro Product Ltd
|
1119.75
|
17,36,742
|
|
6
|
Shradha Infraprojects (Nagpur) Ltd
|
91.3
|
6,32,425
|
|
7
|
Oriental Aromatics Ltd
|
370
|
5,33,030
|
Disclaimer: The article is for informational purposes only and not investment advice.