Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded trading day on a positive note as Sensex significantly gained by 3.2 per cent and closed at 74,382.24 level, while Nifty gained by 3.36 per cent and closed at 22,620.35 level. Similarly, the Broader market also experienced significant gains as Nifty Mid-Cap closed higher by 4.3 per cent, while Nifty Small-Cap soared by 3.81 per cent.
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Market volatility, as indicated by India VIX, has declined by 29.40 per cent and is trading around the level of 18 reflecting decreased market volatility.
Top 3 price-volume breakout stocks
IDFC First Bank Ltd: IDFC First Bank Ltd is experiencing strong market activity today. It reached a high of Rs 78.15 with a significant traded volume of 97,328,221 shares. The stock is currently trading at Rs 77.1, up from its previous close of Rs 72.55, marking a percent change of 6.27 per cent. The bank's market cap stands at Rs 57,871.65 crore. Despite the stock being below its 52-week high of Rs 100.7, it has rebounded from its 52-week low with a return of 8.90 per cent. The volume spike and price volume breakout suggest positive momentum, supported by an RSI of 48.16, indicating the stock is bouncing from support levels.
Federal Bank Ltd: Federal Bank Ltd has shown impressive performance with a high of Rs 167.05 and a traded volume of 39,670,558 shares. It is currently trading at Rs 166.1, up from its previous close of Rs 154.65, reflecting a percent change of 7.40 per cent. The market cap is Rs 40,623.65 crore. The stock is close to its 52-week high of Rs 170.3 and has significantly recovered, with returns of 37.27 per cent from its 52-week low. The volume spike and price volume breakout are notable, with an RSI of 57.41, indicating strong buying interest and a recovery that surpasses yesterday’s decline.
Hindalco Industries Ltd: Hindalco Industries Ltd is seeing substantial market action, reaching a high of Rs 700.65 with a traded volume of 25,836,374 shares. Currently trading at Rs 691, it has risen from the previous close of Rs 649.05, achieving a percent change of 6.46 per cent. With a market cap of Rs 155,346.44 crore, the stock is just below its 52-week high of Rs 715.25. It has delivered remarkable returns of 69.59 per cent from its 52-week low. The price volume breakout and volume spike suggest bullish sentiment, with an RSI of 59.46, indicating the stock is bouncing from support levels.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
IDFC First Bank Ltd
|
77.25
|
9,73,28,739
|
|
2
|
The Federal Bank Limited
|
166.05
|
3,96,70,658
|
|
3
|
Hindalco Industries Limited
|
695.25
|
2,58,36,374
|
|
4
|
Aditya Birla Fashion And Retail Limited
|
305
|
2,24,45,833
|
|
5
|
Jain Irrigation Systems Limited
|
64.25
|
1,63,42,740
|
|
6
|
Marico Limited
|
645.5
|
1,35,11,763
|
|
7
|
IndusInd Bank Limited
|
1500.95
|
1,10,16,781
|
|
8
|
AU Small Finance Bank
|
669.55
|
88,97,937
|
|
9
|
Emami Limited
|
699
|
84,31,135
|
|
10
|
Jubilant Foodworks Limited
|
530.6
|
77,63,234
|
Disclaimer: The article is for informational purposes only and not investment advice.