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 0.8 per cent and made a record high of 78,759.40 level, while Nifty surged by 0.64 per cent and made an all-time high of 23,889.90 level. Whereas the Broader market experienced mixed performance as Nifty Mid-Cap closed lower by 0.16 per cent, while Nifty Small-Cap gained by 0.29 per cent.
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Market volatility, as indicated by India VIX, has declined by 1.87 per cent and is trading around the level of 14 reflecting a slight decrease in market volatility.
Top 3 price-volume breakout stocks
Indian Renewable Energy Development Agency Ltd: Indian Renewable Energy Development Agency Ltd is currently trading at Rs 195.05, showing a 5.40 per cent increase from its previous close of Rs 185.05. The stock's high for the day was Rs 199.44, with a trading volume of 10.06 crore shares. The company has a market cap of Rs 52,410.54 crore and has delivered multibagger returns of 290.10 per cent from its 52-week low, approaching its 52-week high of Rs 214.8. Technical indicators suggest a price volume breakout and a volume spike, signaling the start of a new uptrend. The Relative Strength Index (RSI) is at 61.71, indicating a strong momentum.
India Cements Ltd: India Cements Ltd is trading at Rs 261.5, up 14.00 per cent from its previous close of Rs 229.38. The stock reached a high of Rs 269.5 today with a trading volume of 9.21 crore shares. The company’s market cap stands at Rs 8,149.44 crore, with returns of 51.55 per cent from its 52-week low. The stock is nearing its 52-week high of Rs 277, driven by a price volume breakout and a significant volume spike. The RSI is at 72.91, suggesting the stock is experiencing strong bullish momentum.
CESC Ltd: CESC Ltd is currently trading at Rs 169.25, reflecting an 11.75 per cent rise from its previous close of Rs 151.46. The stock's high for the day is Rs 170, matching its 52-week high. It has seen a trading volume of 6.37 crore shares. With a market cap of Rs 22,249.87 crore, the stock has delivered multibagger returns of 139.05 per cent from its 52-week low. Technical analysis indicates a price volume breakout, a volume spike, and a 52-week high breakout, suggesting strong bullish momentum. The RSI stands at 72.15, pointing towards a continued upward trend.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
194.69
|
10,05,59,239
|
|
2
|
The India Cements Ltd
|
262.62
|
9,21,13,352
|
|
3
|
Cesc Ltd
|
167.98
|
6,36,90,072
|
|
4
|
Inox Green Energy Services Ltd
|
180.6
|
1,29,45,304
|
|
5
|
Iifl Holdings Ltd
|
493.55
|
90,04,797
|
|
6
|
Epack Durable Ltd
|
243.08
|
76,20,906
|
|
7
|
Titagarh Rail Systems Ltd
|
1764
|
74,03,083
|
|
8
|
Orient Cement Ltd
|
252.81
|
72,01,430
|
|
9
|
Sarla Performance Fibers Ltd
|
104.15
|
64,76,604
|
|
10
|
Ratnaveer Precision Engineering Ltd
|
161.73
|
57,85,483
|
Disclaimer: The article is for informational purposes only and not investment advice.