Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a flat note as Sensex fell by 0.02 per cent and closed at 84,914.04, while Nifty rose by 0.05 per cent and closed at 25,950.85 level. Similarly, the Broader market, the Nifty Mid-Cap closed higher by 0.23 per cent at 60,850.80, while the Nifty Small-Cap closed lower by 0.56 per cent and closed at 19,440.05.
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Market volatility, as indicated by India VIX, declined by 3.12 per cent and is trading at the level of 13.36 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks
JM Financial Ltd: JM Financial Ltd is currently trading at Rs 142, reflecting an increase of 11.01 per cent from the previous close of Rs 127.92. The stock reached a high of Rs 146.7, with a trading volume of 691.68 lakhs today. The market capitalization stands at Rs 13,737.45 crore, and the stock has shown a notable return of 105.80 per cent from its 52-week low. The relative strength index (RSI) is at 76.17, indicating strong momentum. The price volume breakout and a significant volume spike have contributed to the upward movement, as the stock continues to perform well.
National Aluminium Company Limited: National Aluminium Company Limited is trading at Rs 192.2, marking a 6.64 per cent rise from the previous close of Rs 180.24. The stock's high for the day was Rs 192.5, supported by a trading volume of 531.28 lakhs. With a market capitalization of Rs 35,177.96 crore, the stock has recorded returns of 116.93 per cent from its 52-week low. The relative strength index (RSI) is 60.21, suggesting that the stock is in a healthy range. Price volume breakout and volume spikes have been evident, and the stock bounced from the 20-day and 50-day exponential moving averages today.
Firstsource Solutions Ltd: Firstsource Solutions Ltd is currently trading at Rs 334, up by 6.15 per cent from the previous close of Rs 314.65. The stock achieved a high of Rs 339 today, with a trading volume of 317.33 lakhs. The market cap is Rs 23,030.72 crore, and it has generated returns of 125.22 per cent from its 52-week low. The relative strength index (RSI) is at 63.51, indicating that the stock has considerable upward momentum. The price volume breakout and volume spike suggest strong interest in the stock as it nears its 52-week high.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
JM Financial Ltd
|
143.68
|
6,91,67,280
|
|
2
|
National Aluminium Company Ltd
|
191.48
|
5,31,27,615
|
|
3
|
Firstsource Solutions Ltd
|
333.5
|
3,17,33,037
|
|
4
|
S H Kelkar And Company Ltd
|
300.42
|
1,44,23,310
|
|
5
|
Sapphire Foods India Ltd
|
376.45
|
1,13,79,998
|
|
6
|
JTL Industries Ltd
|
239.14
|
85,90,662
|
|
7
|
Sequent Scientific Ltd
|
191.35
|
84,30,624
|
|
8
|
Nlc India Ltd
|
287.2
|
78,91,010
|
|
9
|
Schneider Electric Infrastructure Ltd
|
853.55
|
55,59,803
|
|
10
|
Exxaro Tiles Ltd
|
95.88
|
51,97,843
|
Disclaimer: The article is for informational purposes only and not investment advice.