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

The BSE Sensex and NSE Nifty-50 indices were trading in the green on Friday with the Sensex up 1.04 per cent at 79,706, and the Nifty-50 up 1.04 per cent at 24,368. About 2,327 shares have advanced, 1,581 shares have declined and 98 shares were unchanged on BSE. The BSE Sensex Index made a new 52-week high of 82,129.49 on August 01, 2024, and the NSE Nifty-50 Index made a new 52-week high of 25,078.30 on August 01, 2024.

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The broader markets were in the green territory, with the BSE Mid-Cap Index up 1.21 per cent and the BSE Small-Cap Index up 0.79 per cent. The top mid-cap gainers were Trent Ltd, Sun TV Ltd and Canara Bank. In contrast, the top small-cap gainers are Rushil Décor Ltd, Gensol Engineering Ltd and NBCC (India) Ltd.

Top 3 price-volume breakout stocks

NBCC (India) Ltd: NBCC (India) Ltd is currently trading at Rs 184.55, showing a 9.16 per cent increase from its previous close of Rs 169.07. The stock has experienced significant trading volume of 971.95 lakhs and has achieved a high of Rs 188.4 in the past 52 weeks. The market cap stands at Rs 33,279.45 crore. Returns from the 52-week low are 296.03 per cent, reflecting strong performance. The stock has demonstrated a price volume breakout, a volume spike, and is bouncing from the 50-day EMA. The RSI is at 56.3, indicating a relatively balanced momentum.

NSE:NBCC Chart Image by prajwalwakhare

Edelweiss Financial Services Ltd: Edelweiss Financial Services Ltd is currently trading at Rs 81.83, up 14.77 per cent from the previous close of Rs 71.3. It has a trading volume of 439.53 lakhs and reached a 52-week high of Rs 85. The market cap is Rs 7,323.15 crore. The returns from the 52-week low are 84.09 per cent. The stock is showing a price volume breakout, a volume spike, and is nearing its 52-week high. The RSI is at 72.48, suggesting the stock is approaching an overbought condition.

NSE:EDELWEISS Chart Image by prajwalwakhare

DCW Ltd: DCW Ltd is currently trading at Rs 78.45, which is a 10.43 per cent increase from the previous close of Rs 71.04. The stock has a trading volume of 425.86 lakhs and has reached a 52-week high of Rs 80.69. The market cap is Rs 2,336.74 crore. The returns from the 52-week low are 78.91 per cent. The stock is showing a price volume breakout, a volume spike, and has broken out to a new 52-week high. The RSI stands at 78.3, indicating that the stock may be in an overbought condition.

NSE:DCW Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Nbcc (india) Ltd

184.79

9,71,94,604

2

Edelweiss Financial Services Ltd

81.41

4,39,53,014

3

Dcw Ltd

79.2

4,25,85,595

4

Oil India Ltd

643.95

1,98,57,286

5

Imagicaaworld Entertainment Ltd

94.84

1,91,43,657

6

Reliance Infrastructure Ltd

230.02

1,89,06,610

7

Avanti Feeds Ltd

771.3

1,64,10,581

8

KFin Technologies Ltd

1075.35

1,25,42,899

9

Southern Petrochemicals Industries Corporation  Ltd

87.85

1,24,26,127

10

VL E-Governance & IT Solutions Ltd

101.94

71,38,730

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

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