Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian benchmark indices closed flat after a volatile trading session on August 19.The Sensex slipped by 0.02 per cent, to settle at 80,424.68, while the Nifty inched 0.13 per cent, to 24,572.70. On the sectoral front, all indices closed higher except for auto and banking. Healthcare, IT, metal, oil & gas, power, telecom, and media sectors posted gains of 0.5-2 per cent. Meanwhile, the BSE midcap index increased by 0.5 per cent, and the smallcap index rose by 1 per cent.
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Market breadth showed 2,462 shares advancing, 1,089 shares declining, and 101 shares remaining unchanged.
Top 3 price-volume breakout stocks
Ola Electric Mobility Ltd: Ola Electric is currently trading at Rs 146.38, marking a 9.99 per cent increase from its previous close of Rs 133.08. The stock reached its 52-week high at Rs 146.38 today. With a significant traded volume of 19.23 crores, the stock is locked in the upper circuit, indicating strong buying interest. The market cap stands at Rs 64,566.61 crores. The returns from the 52-week low are 92.61 per cent, reflecting substantial growth. The stock's price volume breakout and volume spike are noteworthy.
Morepen Laboratories Ltd: Morepen Laboratories is trading at Rs 70.2, up 15.37 per cent from its previous close of Rs 60.85. The stock hit its 52-week high of Rs 71.84 today with a traded volume of 10.30 crores, highlighting increased market activity. The market cap is Rs 3,834.03 crores. With returns of 124.28 per cent from its 52-week low, the stock is a multibagger. The price volume breakout and 52-week high breakout suggest a bullish trend, with RSI at 77.84 indicating overbought conditions.
Firstsource Solutions Ltd: Firstsource Solutions is trading at Rs 338.75, showing a 10.09 per cent gain from its previous close of Rs 307.7. The stock reached a high of Rs 343.9 today with a traded volume of 3.67 crores, reflecting strong interest. The market cap is Rs 23,273.17 crores. With returns of 130.68 per cent from its 52-week low, it has delivered multibagger returns. The stock is nearing its 52-week high, with a price volume breakout and volume spike evident, while the RSI at 73.21 suggests the stock is approaching overbought territory.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ola Electric Mobility Ltd
|
146.38
|
36,39,45,876
|
|
2
|
Morepen Laboratories Ltd
|
70.06
|
11,88,76,001
|
|
3
|
Firstsource Solutions Ltd
|
337.35
|
4,41,16,980
|
|
4
|
Edelweiss Financial Services Ltd
|
91.55
|
3,82,11,636
|
|
5
|
Unicommerce eSolutions Ltd
|
227.52
|
2,68,51,075
|
|
6
|
Radhika Jeweltech Ltd
|
90.88
|
2,18,24,578
|
|
7
|
Inox Green Energy Services Ltd
|
194.14
|
1,88,79,846
|
|
8
|
Imagicaaworld Entertainment Ltd
|
101.31
|
1,86,91,530
|
|
9
|
Kamdhenu Ventures Ltd
|
38.72
|
1,78,35,259
|
|
10
|
Kitex Garments Ltd
|
369.84
|
1,75,18,958
|
Disclaimer: The article is for informational purposes only and not investment advice.