Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
On Wednesday, Benchmark indices concluded the trading day a positive note as Sensex gained by 0.69 per cent and made a record high at 80,074.30 level, while Nifty also surged by 0.67 per cent and also made a new all-time high at 24,309.15 level. Similarly, the Broader market also experienced gains as Nifty Mid-Cap closed higher by 0.79 per cent, while Nifty Small-Cap soared by 1.03 per cent.
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Market volatility, as indicated by India VIX, has declined by 2.84 per cent and is trading around the level of 13 reflecting a slight decrease in market volatility.
Top 3 price-volume breakout stocks
Indian Renewable Energy Dev Agency Ltd: Indian Renewable Energy Dev Agency Ltd hit a new 52-week high of Rs 225.88, with an impressive traded volume of 15.97 crores. Currently trading at Rs 221.51, up from the previous close of Rs 205.35, it shows a solid 7.87 per cemt increase. With a market cap of Rs 58,264.81 crores and multibagger returns of 343.02 per cemt from its 52-week low, the stock has demonstrated strong performance. The RSI at 74.32 indicates it's in overbought territory, suggesting caution for potential buyers. The price-volume breakout and volume spike further highlight strong bullish momentum.
Castrol India Limited: Castrol India Limited reached a new 52-week high of Rs 252 with a traded volume of 11.13 crores. It’s currently trading at Rs 241.15, significantly up from the previous close of Rs 214.18, marking a 12.59 per cent increase. The company’s market cap stands at Rs 22,215.14 crores, and it has delivered multibagger returns of 99.79 per cent from its 52-week low. The RSI is at 75.2, indicating the stock is overbought. The price-volume breakout and volume spike underscore the strong buying interest.
MMTC Ltd: MMTC Ltd peaked at Rs 91 today, with a traded volume of 7.93 crores. It’s currently trading at Rs 85.33, up from the previous close of Rs 79.26, reflecting a 7.66 per cent rise. With a market cap of Rs 12,970.91 crores, the stock has achieved multibagger returns of 172.62 per cent from its 52-week low. The RSI at 65.53 suggests it’s trading near resistance levels, indicating a potential breakout. The price-volume breakout and volume spike signify robust buying interest.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
223.11
|
15,96,81,424
|
|
2
|
Castrol India
|
243.17
|
11,12,69,271
|
|
3
|
Mmtc
|
85.66
|
7,93,08,041
|
|
4
|
Housing and Urban Development Corporation
|
301.95
|
7,33,28,474
|
|
5
|
Subex Ltd
|
32.83
|
4,20,42,848
|
|
6
|
Himachal Futuristic Communications
|
118.71
|
3,74,46,162
|
|
7
|
Gujarat Pipavav Port
|
230.5
|
3,65,49,938
|
|
8
|
Power Finance Corporation
|
531.05
|
3,35,71,765
|
|
9
|
One Point One Solutions Ltd
|
70.7
|
1,49,82,967
|
|
10
|
Cochin Shipyard
|
2436.35
|
1,05,74,606
|
Disclaimer: The article is for informational purposes only and not investment advice.