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 Thursday, Benchmark indices concluded the trading day on a positive note as Sensex rose by 0.29 per cent and closed at 83,184.80, while Nifty rose by 0.15 per cent and closed at 25,415.80 level. However, the Broader market, Nifty Mid-Cap closed lower by 0.67 per cent at 59,351.90, while Nifty Small-Cap declined by 1.26 per cent and closed at 19,144.85.

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Market volatility, as indicated by India VIX, has declined by 6.73 per cent and is trading at the level of 12.47 reflecting a fall in market volatility.

Top 3 price-volume breakout stocks

Saraswati Saree Depot Ltd
Saraswati Saree Depot Ltd is currently trading at Rs 172.12, reflecting a 5.60 per cent increase from its previous close of Rs 163. The stock recorded a high of Rs 172.3 during the session with a trading volume of 39.21 lakh shares. Its market capitalization stands at Rs 676.82 crore. The stock has gained 13.91 per cent from its 52-week low and is still below its 52-week high of Rs 213.88. The RSI is at 38.59, indicating its current strength in the market. The price movement shows a volume breakout, and the stock has experienced a strong move.

NSE:SSDL Chart Image by prajwalwakhare

KPR Mill Ltd
KPR Mill Ltd is trading at Rs 942, up from its previous close of Rs 859.1, showing a 9.65 per cent increase. The stock hit a high of Rs 950 with a trading volume of 35.01 lakh shares. The company has a market cap of Rs 31,997.49 crore. It has risen 32.68 per cent from its 52-week low, while its 52-week high stands at Rs 1009.25. The RSI is 67.61, indicating a potential trend direction. The price volume breakout, along with the stock jumping from the 50-day EMA, suggests strong momentum.

NSE:KPRMILL Chart Image by prajwalwakhare

Spencer's Retail Ltd
Spencer's Retail Ltd is currently trading at Rs 107.3, up 10.47 per cent from the previous close of Rs 97.13. The stock reached a high of Rs 108.8 with a trading volume of 31.25 lakh shares. The market capitalization of the company is Rs 966.44 crore. The stock has gained 70.18 per cent from its 52-week low, with its 52-week high being Rs 139.3. The RSI stands at 61.33, reflecting the market's current sentiment. The price movement shows a volume breakout, and the stock has jumped from the 50-day EMA, indicating a strong move.

NSE:SPENCERS Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Saraswati Saree Depot Ltd

171.16

39,20,887

2

K.p.r. Mill Ltd

934.95

35,01,759

3

Spencers Retail Ltd

107.18

31,24,918

4

Rainbow Children Medicare Ltd

1386.25

29,48,077

5

Gopal Snacks Ltd

372.8

29,16,388

6

Pearl Polymers Ltd

45.18

26,83,645

7

Neogen Chemicals Ltd

2183.15

17,40,214

8

Indostar Capital Finance Ltd

301.65

13,24,554

9

Hitech Corporation

264.62

9,87,223

10

Rossell India Ltd

621.65

8,97,180

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

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