Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Top 3 price-volume breakout stocks

On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex surged by 1.77 per cent and closed at 82,962.71, while Nifty surged by 1.89 per cent and closed at 25,388.90 level. Similarly, the Broader market, Nifty Mid-Cap closed higher by 1.19 per cent at 59,640.30, while Nifty Small-Cap surged by 1.01 per cent and closed at 19,354.75.

Market volatility, as indicated by India VIX, has declined by 3.30 per cent and is trading at the level of 13.18 reflecting a decline in market volatility.

Top 3 price-volume breakout stocks

Engineers India Ltd: Engineers India Ltd is currently trading at Rs 227.19, up from its previous close of Rs 210.31, reflecting an 8.03 per cent increase. The stock saw a significant trading volume of 2.65 crore shares today. It is taking support at the 50-day EMA, indicating a potential price-volume breakout. The company has a market cap of Rs 12,775 crore and has returned 95.10 per cent from its 52-week low, while the stock's 52-week high stands at Rs 303.9. With an RSI of 49.03, the stock is showing steady momentum.

Filatex India Ltd: Filatex India Ltd is trading at Rs 68.5, up from the previous close of Rs 63.65, marking a 7.62 per cent rise. The stock's traded volume reached 1.55 crore shares, and it is nearing its 52-week high of Rs 78. Filatex has shown a 57.29 per cent return from its 52-week low. It has bounced from the 50-day EMA, with a price-volume breakout observed. The company’s market cap is Rs 3,017.45 crore, and the RSI is at 62.68, signalling upward movement.

Indo Rama Synthetics (India) Ltd: Indo Rama Synthetics (India) Ltd is currently trading at Rs 58.75, a 14.50 per cent increase from its previous close of Rs 51.31. The stock has a traded volume of 1.24 crore shares. Indo Rama has crossed its short-term EMAs and bounced from support, indicating a price-volume breakout. With a market cap of Rs 1,530.96 crore, it has delivered a 61.40 per cent return from its 52-week low. The stock’s 52-week high is Rs 67.1, and the RSI is at 66.38, indicating strengthening momentum.

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

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