Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a flat note as Sensex closed lower by 0.09 per cent and closed at 82,890.94, while Nifty slightly declined by 0.13 per cent and closed at 25,356.50 level. However, the Broader market, Nifty Mid-Cap closed higher by 0.66 per cent at 60,034.05, while Nifty Small-Cap surged by 0.78 per cent and closed at 19,505.95.
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Market volatility, as indicated by India VIX, has declined by 3.19 per cent and is trading at the level of 12.76 reflecting a decline in market volatility.
Top 3 price-volume breakout stocks
IDBI Bank Ltd: IDBI Bank Ltd is currently trading at Rs 94.7, reflecting a 7.65 per cent increase from the previous close of Rs 87.97. The stock saw a high of Rs 95.99 with a traded volume of 7.75 crore shares. The stock has a 52-week high of Rs 107.9, and it has provided a return of 59.16 per cent from its 52-week low. With a market cap of Rs 1,02,095.06 crore, the price and volume breakout indicate strong trading activity. The Relative Strength Index (RSI) stands at 54.34, suggesting moderate momentum in the stock.
Bandhan Bank Ltd: Bandhan Bank Ltd is currently trading at Rs 206.89, up 5.03 per cent from the previous close of Rs 196.98. The stock hit a high of Rs 207.75 during the day, with a traded volume of 3.17 crore shares. With a 52-week high of Rs 263.1 and a market cap of Rs 33,353.44 crore, the stock has delivered returns of 22.31 per cent from its 52-week low. A price and volume breakout is observed, and the stock's RSI is at 57.58, indicating moderate upward pressure.
Oswal Greentech Ltd: Oswal Greentech Ltd is currently trading at Rs 56.09, marking a 15.39 per cent increase from the previous close of Rs 48.61. The stock reached a high of Rs 57.6 with a traded volume of 2.85 crore shares. It has achieved multibagger returns of 141.77 per cent from its 52-week low and has broken through its 52-week high of Rs 57.6. The company has a market cap of Rs 1,288.67 crore, and the RSI stands at 66.38, indicating a strong upward trend with significant volume spikes.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Idbi Bank Ltd
|
94.92
|
7,75,28,559
|
|
2
|
Bandhan Bank Ltd
|
207.1
|
3,17,09,763
|
|
3
|
Oswal Green Tech Ltd
|
56
|
2,85,18,328
|
|
4
|
Paramount Communications Ltd
|
94.79
|
2,35,00,888
|
|
5
|
Hardwyn India Ltd
|
40.71
|
1,94,59,876
|
|
6
|
Ptc India Ltd
|
238.23
|
1,40,66,455
|
|
7
|
Rain Industries Ltd
|
184.74
|
1,39,08,409
|
|
8
|
Unicommerce eSolutions Ltd
|
241.36
|
1,23,17,814
|
|
9
|
Iifl Holdings Ltd
|
521.45
|
1,15,47,446
|
|
10
|
Tribhovandas Bhimji Zaveri Ltd
|
327.6
|
96,94,207
|
Disclaimer: The article is for informational purposes only and not investment advice.