Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.04 per cent and closed at 84,266.29 level, while Nifty slightly declined by 0.05 per cent and closed at 25,796.90 level. Similarly, the Broader market experienced gains as Nifty Mid-Cap closed higher by 0.34 per cent, while Nifty Small-Cap soared by 0.79 per cent.
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Market volatility, as indicated by India VIX, has plunged by 6.4 per cent and is trading around the level of 12 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
National Aluminium Company Ltd: National Aluminium Company Ltd is currently trading at Rs 224, reflecting a 6.52 per cent increase from the previous close of Rs 210.29. The stock reached a high of Rs 227.39, with a market capitalisation of Rs 37,538.56 crore. The traded volume on Tuesday was 70,653,372 shares, which translates to approximately 706.53 lakhs. Notably, the stock has delivered returns of 152.82 per cent from its 52-week low. The price volume breakout and the volume spike indicate increased market interest, and the stock's movement toward the 52-week high could attract further attention.
Welspun Living Ltd: Welspun Living Ltd is currently trading at Rs 175.3, up 7.11 per cent from the previous close of Rs 163.67. The stock's high for the day was Rs 175.8, and it has a market capitalization of Rs 16,910.95 crore. Tuesday’s trading volume reached 22,268,739 shares, equating to about 222.68 lakhs. With returns of 42.93 per cent from its 52-week low, the stock has shown resilience as it bounces from support levels. The price volume breakout and volume spike suggest a shift in investor sentiment that may influence future price movements.
One 97 Communications Ltd: One 97 Communications Ltd is currently trading at Rs 728, marking a 5.77 per cent increase from the previous close of Rs 688.3. The stock's high on Tuesday was Rs 742, with a market capitalization of Rs 47,072.20 crore. The trading volume for the day stood at 21,039,195 shares, approximately 210.39 lakhs. The stock has generated returns of 134.84 per cent from its 52-week low, showcasing strong upward momentum. A price volume breakout along with a volume spike indicates growing investor interest, as the stock bounces from the 20-day EMA, suggesting a continuation of the upward trend.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
National Aluminium Company Ltd
|
224.23
|
7,06,53,472
|
|
2
|
Welspun Living Ltd
|
175.01
|
2,22,68,739
|
|
3
|
One 97 Communications Ltd
|
731.35
|
2,10,39,195
|
|
4
|
Dcw Ltd
|
106.34
|
1,81,33,677
|
|
5
|
KFin Technologies Ltd
|
1137.35
|
93,15,671
|
|
6
|
Maan Aluminium Ltd
|
180.05
|
87,49,179
|
|
7
|
Jayshree Tea & Industries Ltd
|
158.45
|
77,48,671
|
|
8
|
Paradeep Phosphates Ltd
|
89.63
|
76,86,007
|
|
9
|
Orient Cement Ltd
|
313.55
|
48,33,821
|
|
10
|
Five Star Business Finance Ltd
|
825.35
|
38,66,517
|
The following is a list of stocks with a strong positive breakout:
Disclaimer: The article is for informational purposes only and not investment advice.