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 positive note as Sensex significantly gained by 0.92 per cent and made a record high of 78,164.71 level, while Nifty surged by 0.78 per cent also made an all-time high of 23,754.15 level. Whereas the Broader market experienced mixed performance as Nifty Midcap closed lower by 0.48 per cent, while the Nifty Smallcap gained by 0.28 per cent.
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Market volatility, as indicated by India VIX, has surged by 1.49 per cent and is trading above the level of 14 reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
PNB Gilts Ltd: PNB Gilts Ltd is currently trading at Rs 134.9, up 10.20per cent from the previous close of Rs 122.41. The stock hit a high of Rs 140.68 today, which is also its 52-week high, signaling a strong price volume breakout with a substantial volume spike of 2.41 crore shares traded. The company has a market cap of Rs 2434.56 crore. Notably, the stock has delivered multibagger returns of 122.24per cent from its 52-week low, indicating strong bullish momentum. With an RSI of 82.21, the stock is in the overbought territory, suggesting potential caution for new buyers despite the strong uptrend and record high trading levels.
Amara Raja Energy & Mobility Ltd: Amara Raja Energy & Mobility Ltd has shown impressive performance, currently trading at Rs 1650, a 19.56per cent increase from the previous close of Rs 1380.05. The stock reached a new 52-week high at Rs 1656.05, driven by a significant volume spike with 2.13 crore shares traded. The market cap stands at Rs 25793.76 crore. The stock has yielded multibagger returns of 170.94per cent from its 52-week low, reflecting robust investor confidence and a strong price volume breakout. With an RSI of 78.43, the stock is in the overbought zone, which might warrant some caution for potential investors despite its strong bullish trend.
Dhani Services Ltd: Dhani Services Ltd is trading at Rs 52, up 6.93per cent from its previous close of Rs 48.63. The stock's high today was Rs 53.6, nearing its 52-week high of Rs 56.8. A notable volume of 2.04 crore shares traded indicates a price volume breakout and a volume spike, signaling strong investor interest. With a market cap of Rs 3014.09 crore, the stock has provided significant returns of 73.91per cent from its 52-week low, positioning it as a potential breakout candidate. The RSI stands at 61.96, suggesting that the stock has room to grow before hitting overbought conditions, making it attractive for investors looking at near-term gains.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Pnb Gilts Ltd
|
135.27
|
2,40,92,142
|
|
2
|
Amara Raja Energy & Mobility Ltd
|
1646.2
|
2,12,81,223
|
|
3
|
Dhani Services Ltd
|
51.63
|
2,04,13,761
|
|
4
|
Garden Reach Shipbuilders & Engineers Ltd
|
1946.05
|
2,02,15,533
|
|
5
|
Spacenet Enterprises India Ltd
|
35.34
|
70,10,573
|
|
6
|
Gabriel India Ltd
|
476.4
|
51,11,004
|
|
7
|
Welspun Corp Ltd
|
541.75
|
46,90,197
|
|
8
|
Black Box Ltd
|
289.66
|
33,59,064
|
|
9
|
Atul Auto Ltd
|
603.65
|
32,10,210
|
|
10
|
Zodiac Clothing Company Ltd
|
171.99
|
26,03,256
|
Disclaimer: The article is for informational purposes only and not investment advice.