Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the last trading day of the week on a negative note as Sensex declined by 0.27 per cent and closed at 79,032.73 level, while Nifty also plunged by 0.14 per cent and closed at 24,010.60 level. Similarly, the Broader market experienced positive performance as Nifty Mid-Cap closed higher by 0.56 per cent, while Nifty Small-Cap soared by 0.84 per cent.
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Market volatility, as indicated by India VIX, has plunged by 2.47 per cent and is trading below the level of 14 reflecting a slight decrease in market volatility.
Top 3 price-volume breakout stocks
Central Depository Services (India) Ltd: On Friday, Central Depository Services (India) Ltd witnessed a significant surge in trading volume, with over 2.17 crore shares traded. The stock hit a 52-week high of Rs 2407.4, which is also its current trading price, reflecting a remarkable 20 per cent increase from the previous close of Rs 2006.2. The company's market cap now stands at Rs 25380.54 crore. This stock has provided multibagger returns, surging 123.63 per cent from its 52-week low. With an RSI of 73.79, it is in overbought territory, indicating strong bullish momentum. Key observations include a price volume breakout and a volume spike.
JK Tyre & Industries Ltd: JK Tyre & Industries Ltd experienced a trading volume spike with over 1.08 crore shares exchanged on Friday. The stock is currently trading at Rs 429.75, up 9.13 per cent from the previous close of Rs 393.8. Despite not reaching its 52-week high of Rs 553.95, the stock shows solid performance with returns of 108.36 per cent from its 52-week low. The market cap of the company is Rs 11324.61 crore. The RSI stands at 62.8, suggesting it is in a comfortable trading range. Noteworthy are the price volume breakout and the volume spike.
Kalyan Jewellers India Ltd: Kalyan Jewellers India Ltd had an impressive Friday, trading over 94.39 lakh shares. The stock closed at Rs 502.9, marking a 5.58 per cent rise from the previous close of Rs 476.3, and hit its 52-week high of Rs 546. With a substantial market cap of Rs 49652.87 crore, this stock has delivered multibagger returns, climbing 271.01 per cent from its 52-week low. The RSI is at 77.37, indicating an overbought condition and strong bullish sentiment. Highlights include a price volume breakout, volume spike, and trading at an all-time high.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Central Depository Services Ltd
|
2387.25
|
2,17,16,546
|
|
2
|
Jk Tyre & Industries Ltd
|
429.75
|
1,08,51,098
|
|
3
|
Kalyan Jewellers India Ltd
|
501.15
|
94,40,565
|
|
4
|
Iifl Holdings Ltd
|
517.6
|
82,05,556
|
|
5
|
Gujarat Narmada Valley Fertilizers And Chemicals Ltd
|
710.5
|
73,35,480
|
|
6
|
Black Box Ltd
|
350.59
|
70,50,342
|
|
7
|
DigiSpice Technologies Ltd
|
45.39
|
62,87,538
|
|
8
|
Praj Industries Ltd
|
728.65
|
44,06,593
|
|
9
|
Star Health & Allied Insurance Company Ltd
|
558.65
|
42,89,712
|
|
10
|
Sarla Performance Fibers Ltd
|
103.34
|
41,10,296
|
Disclaimer: The article is for informational purposes only and not investment advice.