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 Tuesday, Benchmark indices concluded the trading day on a flat note as Sensex closed higher by 0.11 per cent and closed at 83,079.66, while Nifty slightly increased by 0.14 per cent and closed at 25,418.55 level. However, the Broader market, Nifty Mid-Cap closed lower by 0.13 per cent at 60,180.75, while Nifty Small-Cap declined by 0.37 per cent and closed at 19,465.55.

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Market volatility, as indicated by India VIX, has increased by 1.04 per cent and is trading at the level of 12.59 reflecting a slight rise in market volatility.

Top 3 price-volume breakout stocks

IFCI Ltd: IFCI Ltd is currently trading at Rs 71.7, down 3.59 per cent from the previous close of Rs 74.37. The stock reached a high of Rs 74.65 during the day with a traded volume of 1.39 crore shares. Its market cap stands at Rs 18,841.57 crore. The stock has experienced significant returns of 333.23 per cent from its 52-week low, marking it as a multibagger. It is notable that the price has crossed the 20-day EMA for the first time after listing. Additionally, there is a price-volume breakout with a volume spike, which could indicate a potential shift in momentum. The stock's RSI is at 60.45.

NSE:OLAELEC Chart Image by prajwalwakhare

Oswal Greentech Ltd: Oswal Greentech Ltd is trading at Rs 61.7, showing a 6.95 per cent decline from its previous close of Rs 66.31. The stock hit an intraday high of Rs 68.9, with a total trading volume of 1.63 crore shares. The market cap of the company is Rs 1,438.13 crore. The returns from its 52-week low stand at 158.70 per cent. The stock is trading near its 52-week high, and a price-volume breakout has been observed, accompanied by a volume spike. The RSI of the stock is 71.2, indicating a potential overbought condition in the short term.

NSE:SEPC Chart Image by prajwalwakhare

Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd is currently priced at Rs 81.74, down 0.98 per cent from its previous close of Rs 82.55. The intraday high was Rs 83.64, with a total trading volume of 52.39 lakh shares. The company has a market cap of Rs 9,371.91 crore and has returned 106.99 per cent from its 52-week low, making it a multibagger stock. The stock has seen a price-volume breakout, and it bounced from its 50-day EMA and trendline. The RSI is currently at 63.43, signaling strength in the upward momentum.

NSE:RELINFRA Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Ola Electric Mobility Ltd

117.96

16,33,97,215

2

SEPC Ltd

32.48

5,80,19,944

3

Reliance Infrastructure Ltd

235.61

2,17,22,110

4

ECOSMOBLTY

589.85

96,40,654

5

Himadri Speciality Chemical Ltd

640.65

93,43,579

6

Zaggle Prepaid Ocean Services Ltd

468.4

70,46,191

7

Kohinoor Foods Ltd

50.91

60,81,143

8

Modison Ltd

211.57

58,85,800

9

Century Plyboards (india) Ltd

885.05

47,73,380

10

Nava Ltd

1256.8

41,81,684

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

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