Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.56 per cent and closed at 80,248.08, while Nifty closed higher by 0.60 per cent and closed at 24,276.05 level. However, in the broader market, Nifty Midcap closed higher by 1.08 per cent at 57,000.85, while Nifty Smallcap closed higher by 1.04 per cent and closed at 18,845.05.
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Market volatility, as indicated by India VIX, rose by 1.87 per cent and is trading at the level of 14.70 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Ola Electric Mobility Ltd: Ola Electric Mobility Ltd witnessed a notable movement today with the stock currently trading at Rs 93.06, reflecting a 6.46 per cent increase from its previous close of Rs 87.41. The trading volume surged to 16.81 crore shares, indicating significant market activity. The stock has gained 39.60 per cent from its 52-week low and is trading below its 52-week high of Rs 157.4. It displayed a price-volume breakout, crossed above its 50-day exponential moving average, and formed a bullish engulfing candlestick pattern, suggesting positive sentiment.
Inox Wind Ltd: Inox Wind Ltd is currently trading at Rs 200, up 4.69 per cent from its previous close of Rs 191.04. The trading volume reached 4.84 crore shares today, showing increased participation. The stock has delivered multibagger returns of 195.60 per cent from its 52-week low and is trading below its 52-week high of Rs 261.9. It exhibited a price-volume breakout with a bounce from its support level, pointing to strong momentum.
Castrol India Limited: Castrol India Limited is currently trading at Rs 213.89, a rise of 6.56 per cent from its previous close of Rs 200.73. The trading volume today was 1.94 crore shares. The stock has risen 55.27 per cent from its 52-week low and is trading below its 52-week high of Rs 284.4. It demonstrated a price-volume breakout with increased activity, reflecting market interest.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ola Electric Mobility Ltd
|
93.29
|
16,80,49,354
|
|
2
|
Inox Wind ltd
|
200.95
|
4,83,84,679
|
|
3
|
Castrol India ltd
|
215.25
|
1,94,38,074
|
|
4
|
Morepen Laboratories ltd
|
83.95
|
1,85,23,316
|
|
5
|
Inox Green Energy Services Ltd
|
171.47
|
1,36,30,744
|
|
6
|
Himatsingka Seide ltd
|
194.2
|
89,25,598
|
|
7
|
Hikal ltd
|
440.25
|
88,05,873
|
|
8
|
Indraprastha Gas ltd
|
343.55
|
77,92,711
|
|
9
|
Zinka Logistics Solutions Ltd
|
325.3
|
57,54,917
|
|
10
|
Paisalo Digital Ltd
|
55.93
|
50,96,444
|
Disclaimer: The article is for informational purposes only and not investment advice.