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 Wednesday, the market concluded on a positive note, with the Sensex trading up by 1.11 per cent touching the 79,468.01 mark, while Nifty soared by 1.27 per cent breaking the level of 24,297.50 points. Furthermore, the broader market showed negative performance, with the Nifty Mid-Cap closing up by 2.45 per cent and the Nifty Small-Cap rallied by 0.39 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 plunged by 13.73 per cent, closing below 17 this is reflecting a decrease in market volatility.

Top 3 price-volume breakout stocks

HFCL Ltd: HFCL Ltd is currently trading at Rs 138.49, up by 12.00 per cent from the previous close of Rs 123.65. The stock has experienced a volume spike with 111.53 lakh shares traded today, and it is approaching its 52-week high of Rs 140.5. The market capitalization stands at Rs 20,102.96 crore. Returns from the 52-week low are 125.19 per cent, indicating significant multibagger returns. The RSI is at 63.34, suggesting a moderately bullish trend.

NSE:HFCL Chart Image by prajwalwakhare

Oil and Natural Gas Corporation Ltd: Oil and Natural Gas Corporation Ltd is currently trading at Rs 328.90, which represents a 7.45 per cent increase from its previous close of Rs 306.10. The stock’s trading volume is 66.11 lakh shares. It is nearing its 52-week high of Rs 344.70. The market capitalization is Rs 4,14,137.21 crore, and returns from the 52-week low are 91.11 per cent. The RSI is at 58.03, indicating a stable trend.

NSE:ONGC Chart Image by prajwalwakhare

Edelweiss Financial Services Ltd: Edelweiss Financial Services Ltd is trading at Rs 70.19, up by 12.47 per cent from the previous close of Rs 62.41. With a trading volume of 33.83 lakh shares today, the stock is approaching its 52-week high of Rs 87.80. The market cap is Rs 6,570.23 crore. Returns from the 52-week low are 60.62 per cent, and the RSI stands at 58.72, showing a generally positive momentum.

NSE:EDELWEISS Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Himachal Futuristic Communications Ltd

137.9

11,15,29,895

2

Oil & Natural Gas Corporation Ltd

329.1

6,61,10,716

3

Edelweiss Financial Services Ltd

70.35

3,38,33,488

4

Oil India Ltd

617.8

2,32,72,182

5

Indian Renewable Energy Development Agency Ltd

248.25

2,18,02,887

6

Jio Financial Services Ltd

329.75

2,07,55,735

7

Tv18 Broadcast Ltd

46.39

2,01,55,531

8

Bharat Heavy Electricals Ltd

304.6

1,89,12,010

9

Coal India Ltd

531.5

1,82,93,730

10

Ircon International Ltd

274.45

1,05,59,653

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

Previous Article Rs 540 crore order book and FIIs & DIIs increase stake: Multibagger marine electrical equipments stock hit upper circuit on August 07; Here’s Why!
Next Article Rs 14,974.60 crore order book: Civil construction company emerged as lowest bidder (L‐1) bidder for establishing a transmission scheme for integration in State of Karnataka
Rate this article:
3.3

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