Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the trading day on a positive note as Sensex rose by 0.45 per cent and closed at 84,928.61, while Nifty rose by 0.57 per cent and closed at 25,939.05 level. Similarly, the Broader market, Nifty Mid-Cap closed higher by 0.84 per cent at 60,712.40, while Nifty Small-Cap closed higher by 1.12 per cent and closed at 19,548.90.
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Market volatility, as indicated by India VIX, rose by 7.82 per cent and is trading at the level of 13.79 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks
SBFC Finance Ltd: SBFC Finance Ltd reached an all-time high of Rs 105.81 during the day, closing at Rs 105.15. The stock had a substantial trading volume of 12.12 crore shares, indicating strong interest. It recorded a 19.24 per cent increase from the previous close of Rs 88.18. With a market cap of Rs 11,370.79 crore, the stock has gained 45.23 per cent from its 52-week low. The price volume breakout, accompanied by a spike in trading volume, suggests significant activity. Currently, the Relative Strength Index (RSI) stands at 52.21, showing neutral momentum in the stock.
Bank of Maharashtra Ltd: Bank of Maharashtra Ltd experienced a price volume breakout, closing at Rs 63.2 after reaching a high of Rs 63.45. The stock traded 4.46 crore shares, reflecting increased market participation. The stock posted an 8.18 per cent gain from the previous close of Rs 58.42. It has crossed both the 20 and 50-day exponential moving averages (DEMA). With a market cap of Rs 44,662.21 crore, it has provided 63.52 per cent returns from its 52-week low. The RSI of 82.12 signals overbought conditions, indicating strong momentum.
Kalyan Jewellers India Ltd: Kalyan Jewellers India Ltd hit a 52-week high of Rs 786.25 before settling at Rs 770, with a trading volume of 2.49 crore shares. The stock rose 5.41 per cent from its previous close of Rs 730.5. The company, with a market cap of Rs 79,197.58 crore, has delivered multibagger returns of 279.68 per cent from its 52-week low. The price volume breakout, coupled with a volume spike, underlines high market activity, while the RSI of 64.48 indicates moderate upward momentum.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
SBFC Finance Ltd
|
105.62
|
12,11,65,984
|
|
2
|
Bank Of Maharashtra
|
63.12
|
4,46,35,728
|
|
3
|
Kalyan Jewellers India Ltd
|
768.65
|
2,49,15,169
|
|
4
|
Edelweiss Financial Services Ltd
|
140.63
|
1,83,94,819
|
|
5
|
Snowman Logistics Ltd
|
90.49
|
1,54,83,094
|
|
6
|
Aditya Birla Fashion And Retail Ltd
|
344.5
|
1,23,76,469
|
|
7
|
Vip Industries Ltd
|
556.85
|
1,06,52,848
|
|
8
|
Jai Corp Ltd
|
400.9
|
96,02,325
|
|
9
|
Motisons Jewellers Ltd
|
312.84
|
64,91,974
|
|
10
|
Skipper Ltd
|
479.65
|
63,53,155
|
Disclaimer: The article is for informational purposes only and not investment advice.