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

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

Prajwal Wakhare

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.

DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here

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.

NSE:IDBI Chart Image by prajwalwakhare

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.

NSE:BANDHANBNK Chart Image by prajwalwakhare

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.

NSE:OSWALGREEN Chart Image by prajwalwakhare

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.

Previous Article Rs 9,883 crore order book: Power transmission cable manufacturer presents its industry-leading Microcable using the miniaturised 180-micron fibre
Next Article Multibagger stock at Rs 116.85 hit upper circuit & 52-week high as this construction and building materials company bags new orders worth Rs 16,43,00,000
Rate this article:
3.6

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR