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 a mixed note as Sensex declined by 0.07 per cent and closed below the 80,000 mark, while Nifty surged by 0.09 per cent and closed at 24,323.85 level. Similarly, the Broader market experienced significant gains as Nifty Mid-Cap closed higher by 0.83 per cent making a new record high at 57,129.25 level, while Nifty Small-Cap soared by 0.79 per cent and reached its all-time high at 18,993.60 level.

Market volatility, as indicated by India VIX, has declined by 1.5 per cent and is trading below the level of 13 reflecting a slight decrease in market volatility.

Top 3 price-volume breakout stocks

Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd is currently trading at Rs 187.9, a significant rise from the previous close of Rs 177.72, showing a percent change of 5.73 per cent. The stock reached a high of Rs 191.5 today with a massive trading volume of 22.46 crore shares. This volume spike, coupled with a price-volume breakout, indicates strong investor interest. The market cap stands at Rs 2,46,051.99 crore. The stock's returns from its 52-week low are an impressive 480.83 per cent, marking it as a multibagger. Additionally, the stock is approaching its 52-week high of Rs 200, suggesting potential further gains. The RSI at 67.32 suggests it is nearing overbought territory, but the overall trend remains positive with a range breakout, signaling strong upward momentum.

Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd is currently trading at Rs 492.15, significantly up from the previous close of Rs 418.75, with a percent change of 17.53 per cent. The stock hit a high of Rs 498.5 today, with a trading volume of 15.23 crore shares. This indicates a price-volume breakout and a volume spike, showing strong market interest. The stock has achieved a new 52-week high, and its market cap is Rs 1,02,492.88 crore. With returns of 320.46 per cent from its 52-week low, this stock is a multibagger. The RSI at 82.46 indicates the stock is overbought, but the breakout above the previous high suggests continued bullish momentum. Investors should watch for potential consolidation or pullbacks.

Ircon International Ltd: Ircon International Ltd is currently trading at Rs 308.2, up from the previous close of Rs 279.75, showing a percent change of 10.17 per cent. The stock hit a high of Rs 315.8 today, with a trading volume of 11.66 crore shares. This volume spike and price-volume breakout suggest strong investor interest. The market cap is Rs 28,965.34 crore, and the stock has delivered returns of 290.13 per cent from its 52-week low, marking it as a multibagger. The RSI at 72.12 indicates it is in the overbought zone, but the breakout to a new 52-week high signals strong upward momentum. Investors should be mindful of the high RSI, which may suggest a potential pullback in the near term.

The following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.