Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Prajwal Wakhare

Top 3 price-volume breakout stocks

On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.03 per cent and closed below the 79,900 mark, while Nifty plunged by 0.03 per cent and closed below the 24,400 level. Whereas the Broader market experienced gains as Nifty Mid-Cap closed higher by 0.4 per cent, while Nifty Small-Cap surged by 0.69 per cent.

DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

Market volatility, as indicated by India VIX, has declined by 3.03 per cent and is trading around the level of 14 reflecting a decrease in market volatility.

Top 3 price-volume breakout stocks

Indian Renewable Energy Development Agency Ltd: IREDA is currently trading at Rs 278.95, showing a significant rise from its previous close of Rs 247.28, marking a 12.81 per cent increase. With a high of Rs 289.33 and a traded volume of 20.07 crore shares, today's activity signals a price volume breakout and volume spike, suggesting potential bullish momentum. The stock's market cap stands at Rs 76,234.52 crore. IREDA has surged 457.90 per cent from its 52-week low, indicating multibagger returns. The Relative Strength Index (RSI) at 83.53 reflects strong buying interest, reinforcing the breakout scenario.

NSE:IREDA Chart Image by prajwalwakhare

Bajaj Hindusthan Sugar Ltd: Bajaj Hindusthan Sugar is currently trading at Rs 43.96, up from the previous close of Rs 41.46, a 6.03 per cent increase. The stock hit a high of Rs 44.95 with a traded volume of 77.83 lakh shares, indicating a price volume breakout and a volume spike. It has a market cap of Rs 5,622.70 crore. The stock has returned 176.48 per cent from its 52-week low, showcasing robust performance. The RSI at 67.15 suggests moderate buying momentum, supported by the breakout above its 52-week high.

NSE:BAJAJHIND Chart Image by prajwalwakhare

Shipping Corporation of India Ltd: Shipping Corporation of India is trading at Rs 330.15, unchanged from its previous close of Rs 275.15, a notable 19.99 per cent increase. The stock hit a high of Rs 330.15 and traded a volume of 65.07 lakh shares, indicating a price volume breakout and a volume spike. With a market cap of Rs 15,385.34 crore, the stock has surged 241.06 per cent from its 52-week low, demonstrating multibagger returns. The RSI at 77.52 reflects strong buying momentum, suggesting continued bullish sentiment in the near term.

NSE:SCI Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Indian Renewable Energy Development Agency Ltd

283.69

20,07,19,317

2

Bajaj Hindusthan Sugar Ltd

44.07

7,78,39,843

3

Shipping Corporation Of India Ltd

330.15

6,50,65,158

4

Engineers India Ltd

290.25

5,88,12,427

5

Shipping Corporation of India Land & Assets Ltd

98.69

4,19,62,542

6

Mangalore Refinery And Petrochemicals Ltd

241.91

3,03,64,383

7

Gujarat Pipavav Port Ltd

236.63

2,09,30,904

8

Welspun Living Ltd

174.26

1,83,12,942

9

The Great Eastern Shipping Company Ltd

1454.05

1,80,69,056

10

Kcp Sugar And Industries Corporation Ltd

54.5

1,47,68,358

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

Previous Article FIIs bought 20,98,270 shares & DIIs increased their stake: Low PE & high ROE multibagger shipping stock hit a 52-week high on July 11
Next Article Interview with Shujaul Rehman, Chief Executive Officer, Garware Technical Fibres Ltd
Rate this article:
3.4

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR