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 higher note as Sensex gained by 0.4 per cent and reached its all-time high level of 77,366.78 level, while Nifty gained by 0.39 per cent and made a record high of 23,579.05 level. Similarly, the Broader market also experienced substantial gains as the Nifty Mid-Cap closed significantly higher by 0.48 per cent and made a record high of 55,523.20 level, while Nifty Small-Cap soared by 1.08 per cent and reached its all-time high of 18,238.55 level.
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Market volatility, as indicated by India VIX, has marginally gained by 1.68 per cent and is trading around the level of 13 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
HFCL Ltd: HFCL Ltd reached a high of Rs 129 today with a traded volume of 13.48 crores shares. The stock is currently trading at Rs 124, up from its previous close of Rs 117.95, marking a 5.13 per cent increase. The stock hit its 52-week high at Rs 129 and has a market cap of Rs 17,922.16 crore. Notably, HFCL Ltd has delivered multibagger returns of 101.63 per cent from its 52-week low. Today's trading was characterized by a price-volume breakout, volume spike, and a 52-week high breakout, with the RSI standing at 70.93, indicating strong momentum.
Motherson Sumi Wiring India Ltd: Motherson Sumi Wiring India Ltd achieved a high of Rs 79 today, with a traded volume of 4.66 crores shares. It is currently trading at Rs 78.85, up from its previous close of Rs 73.91, showing a 6.68 per cent rise. The stock reached its 52-week high of Rs 79 and has a market cap of Rs 34,852.18 crore. The returns from the 52-week low are 42.46 per cent. The stock showed signs of a price-volume breakout, volume spike, and a 52-week high breakout, with the RSI at a high 78.87, suggesting strong buying interest.
MMTC Ltd: MMTC Ltd hit a high of Rs 85.82 today with a traded volume of 3.80 crore shares. The stock is currently trading at Rs 83.9, up from its previous close of Rs 76.25, which represents a significant 10.03 per cent gain. The stock's 52-week high is Rs 101.9, and it has a market cap of Rs 12,561.76 crore. MMTC Ltd has delivered multibagger returns of 168.05 per cent from its 52-week low. Today's session saw a price-volume breakout, volume spike, and resistance breakout, with the RSI at 69.85, indicating a strong upward trend.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Himachal Futuristic Communications Ltd
|
124.19
|
13,47,67,373
|
|
2
|
Motherson Sumi Wiring India Ltd
|
78.75
|
4,65,66,741
|
|
3
|
MMTC Ltd
|
83.83
|
3,79,72,869
|
|
4
|
Shipping Corporation of India Land & Assets Ltd
|
77.49
|
3,36,80,774
|
|
5
|
Patel Engineering Ltd
|
71.61
|
2,90,24,459
|
|
6
|
PTC India Financial Services Ltd
|
47.85
|
1,66,40,660
|
|
7
|
Nandan Denim Ltd
|
52.77
|
1,49,39,239
|
|
8
|
Garden Reach Shipbuilders & Engineers Ltd
|
1847.55
|
1,45,76,795
|
|
9
|
IDFC Ltd
|
120.86
|
1,42,38,686
|
|
10
|
Hindustan Aeronautics Ltd
|
5533.45
|
99,34,132
|
Disclaimer: The article is for informational purposes only and not investment advice.