Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Prajwal Wakhare

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.

DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

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.

NSE:IREDA Chart Image by prajwalwakhare

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.

NSE:INDIACEM Chart Image by prajwalwakhare

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.

NSE:CESC Chart Image by prajwalwakhare

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.

Previous Article Double Dhamaka: Multibagger penny stock at Rs 22.50 - Board likely to announce bonus shares & stock split after 1:5 bonus shares!
Next Article Rs 300 crore order book: This multibagger cylinder manufacturing company bags new order worth Rs 55 crore from Indian Oil Corporation Limited (IOCL)
Rate this article:
3.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR