Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the first trading day of the week on a positive note as Sensex surged by 0.56 per cent and closed at 79,476.19 level, while Nifty also gained by 0.55 per cent and closed at 24,141.95 level. Similarly, the Broader market experienced positive performance as Nifty Mid-Cap closed substantially higher by 1 per cent, while Nifty Small-Cap soared by 1.51 per cent.
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Market volatility, as indicated by India VIX, has gained by 0.22 per cent and is trading above the level of 13 reflecting a slight increase in market volatility.
Top 3 price-volume breakout stocks
Kamdhenu Ventures: Today, Kamdhenu Ventures traded at Rs 42.2, marking a 5.50 per cent increase from the previous close of Rs 40. With a high of Rs 42.5, it shows potential upward momentum. The traded volume was significant, at approximately 23.80 crore shares, indicating strong investor interest. Kamdhenu Ventures is currently trading near its 52-week high of Rs 49, suggesting possible continuation if momentum persists. The company's market cap stands at Rs 1346.50 crore. Returns from its 52-week low are substantial at 60.46 per cent, positioning it as a potential breakout candidate. The RSI at 60.81 indicates bullish momentum.
Religare Enterprises Ltd: Religare Enterprises Ltd traded at Rs 254.9, up 6.59 per cent from the previous close of Rs 239.14. The stock touched a high of Rs 264.85, nearing its 52-week high of Rs 280.6. Trading volume was notable, with about 21.37 crore shares changing hands. The company has a market cap of Rs 8368.28 crore. Returns from its 52-week low are 56.57 per cent. The RSI at 76.75 suggests strong bullish sentiment, supported by a price-volume breakout and recent volume spike. Religare Enterprises Ltd exhibits characteristics of a potential multibagger with its robust performance.
Castrol India Limited: Castrol India Limited closed at Rs 216.8, up 8.07 per cent from the previous close of Rs 200.61, with a high of Rs 218. Trading volume was significant, with approximately 19.82 crore shares traded. The stock is nearing its 52-week high of Rs 230.4, indicating bullish momentum. Castrol India has a market cap of Rs 21677.76 crore. Returns from its 52-week low are impressive at 80.67 per cent. The RSI at 64.36 shows positive momentum, supported by a price-volume breakout and notable volume spike. Castrol India Limited appears poised for further upside potential given its strong technical setup.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Kamdhenu Ventures Ltd
|
42.19
|
2,38,04,177
|
|
2
|
Religare Enterprises Ltd
|
255.89
|
2,13,92,654
|
|
3
|
Castrol India Ltd
|
216.98
|
1,98,16,716
|
|
4
|
Orient Cement Ltd
|
314.15
|
1,43,47,288
|
|
5
|
Allied Digital Services Ltd
|
217.4
|
1,29,46,007
|
|
6
|
Ptc India Financial Services Ltd
|
49.81
|
1,15,70,205
|
|
7
|
Bls International Services Ltd
|
372.45
|
1,15,53,045
|
|
8
|
JSW Infrastructure Ltd
|
353.2
|
1,14,05,514
|
|
9
|
Garden Reach Shipbuilders & Engineers Ltd
|
2306.5
|
95,13,299
|
|
10
|
D B Realty Ltd
|
203.13
|
83,34,947
|
Disclaimer: The article is for informational purposes only and not investment advice.