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, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.16 per cent and closed at 82,948.23, while Nifty declined by 0.16 per cent and closed at 25,377.55 level. Similarly, the Broader market, Nifty Midcap closed lower by 0.71 per cent at 59,752.85, while Nifty Smallcap declined by 0.39 per cent and closed at 19,389.75.

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Market volatility, as indicated by India VIX, has surged by 6.20 per cent and is trading at the level of 13.37 reflecting a rise in market volatility.

Top 3 price-volume breakout stocks

Reliance Infrastructure Ltd: Reliance Infrastructure Ltd is currently trading at Rs 282.73 with a traded volume of 52,200,056 shares. The previous close was Rs 235.61, marking a 20.00 per cent increase. The stock has a 52-week high of Rs 308 and a market cap of Rs 11,188.94 crore. It has returned 95.73 per cent from its 52-week low and shows a price volume breakout, volume spike, strong move, and formed a Marubozu candle today. The RSI is at 68.34.

NSE:RELINFRA Chart Image by prajwalwakhare

BCL Industries Ltd: BCL Industries Ltd is trading at Rs 66.61 with a traded volume of 21,191,425 shares. The previous close was Rs 62.71, indicating a 6.22 per cent increase. The stock’s 52-week high is Rs 86.3, and it has a market cap of Rs 1,966.08 crore. It has returned 47.56 per cent from its 52-week low and shows a price volume breakout, volume spike, and is trading near its 52-week high today. The RSI is at 60.36.

NSE:BCLIND Chart Image by prajwalwakhare

DCW Ltd: DCW Ltd is trading at Rs 100.7 with a traded volume of 19,961,506 shares. The previous close was Rs 93.03, reflecting an 8.24 per cent increase. The stock has reached a 52-week high of Rs 105.39 and has a market cap of Rs 2,999.38 crore. It has returned multibagger returns of  119.15 per cent from its 52-week low and shows a price volume breakout, volume spike, and a 52-week high breakout today. The RSI is at 80.7.

NSE:DCW Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Reliance Infrastructure Ltd

282.73

5,21,99,081

2

BCL Industries Ltd

66.51

2,11,94,185

3

Dcw Ltd

101.56

1,99,61,259

4

Graphite India Ltd

586.35

1,81,43,472

5

BSE (Bombay Stock Exchange)

3896.15

1,56,31,554

6

Hardwyn India Ltd

45.79

92,43,788

7

Inox Green Energy Services Ltd

218.16

75,45,518

8

Torrent Power Ltd

1932.9

61,72,196

9

National Fertilizers Ltd

134.12

61,24,762

10

Virinchi Ltd

35.27

51,74,486

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

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