Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.53 per cent and closed below the 80,000 mark, while Nifty plunged by 0.45 per cent and closed below the 24,400 level. Similarly, the Broader market experienced losses as Nifty Mid-cap closed lower by 0.27 per cent, while Nifty Small-cap plummeted by 0.88 per cent.
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Market volatility, as indicated by India VIX, has gained by 1.07 per cent and is trading above the level of 14 reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Rail Vikas Nigam Ltd (RVNL): Rail Vikas Nigam Ltd (RVNL) saw significant activity today with a trading volume of 21.15 crore shares. The stock is currently trading at Rs 616, close to its 52-week high of Rs 619, indicating strong market interest. With a previous close of Rs 542.75, the stock has risen by 13.50 per cent, showcasing robust positive momentum. The market cap stands at Rs 127323.36 crore. Remarkably, RVNL has provided multibagger returns of 426.27 per cent from its 52-week low, reflecting its impressive performance over the past year. The RSI is at 84.38, suggesting the stock might be overbought. The price volume breakout and volume spike indicate strong buying interest.
Rajesh Exports Ltd (RAJESHEXPO): Rajesh Exports Ltd experienced a notable trading session with a volume of 2.28 crore shares. The stock is currently trading at Rs 315.5, having risen from its previous close of Rs 286.4, marking a 10.16 per cent increase. Despite this rise, it is still trading significantly below its 52-week high of Rs 560. The market cap of the company is Rs 9319.20 crore. The stock has shown a return of 20.88 per cent from its 52-week low, indicating moderate growth. The RSI stands at 71.6, indicating that the stock might face resistance and likely consolidate in the near term. The price volume breakout and volume spike suggest heightened trading interest.
PC Jeweller Ltd (PCJEWELLER): PC Jeweller Ltd (PCJEWELLER) had an active trading day with 2.01 crore shares exchanged. The stock is currently trading at Rs 66.63, just shy of its new 52-week high of Rs 67.75, reflecting a 7.87 per cent increase from its previous close of Rs 61.77. The market cap is Rs 3084.44 crore. The stock has delivered multibagger returns of 161.81 per cent from its 52-week low, highlighting its strong performance. The RSI is at 81.52, indicating the stock may be overbought. The price volume breakout and volume spike signal significant buying interest and a breakout past the previous 52-week high, suggesting further potential upside.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Rail Vikas Nigam Ltd
|
609.95
|
21,15,47,060
|
|
2
|
Rajesh Exports Ltd
|
315.35
|
2,28,00,345
|
|
3
|
Pc Jeweller Ltd
|
66.34
|
2,01,67,609
|
|
4
|
D-link (india) Ltd
|
636.55
|
84,88,736
|
|
5
|
Hemisphere Properties India Ltd
|
216.27
|
83,43,984
|
|
6
|
Hi-Tech Pipes Ltd
|
138.91
|
63,76,111
|
|
7
|
R.p.p. Infra Projects Ltd
|
176.53
|
56,94,102
|
|
8
|
Talbros Automotive Components Ltd
|
373.3
|
47,88,045
|
|
9
|
Ge Power India Ltd
|
597.45
|
40,67,320
|
|
10
|
RPTECH
|
440.45
|
25,67,987
|
Disclaimer: The article is for informational purposes only and not investment advice.