Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 1.04 per cent and closed at 79,541.79, while Nifty closed lower by 1.16 per cent and closed at 24,199.35 level. Similarly, the Broader market, Nifty Midcap closed lower by 0.43 per cent at 57,109.15, while Nifty Smallcap closed lower by 0.75 per cent and closed at 18,763.85.
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Market volatility, as indicated by India VIX, rose by 0.47 per cent and is trading at the level of 14.94 reflecting a slight rise in market volatility.
Top 3 price-volume breakout stocks:
ITI Ltd: ITI Ltd is showing a strong movement with a price of Rs 274, up by 18.10 per cent from its previous close of Rs 232.01, marking a significant percent change. The stock witnessed a volume spike with approximately 3.49 crore shares traded, indicating high interest. It has also crossed its 50-day EMA, suggesting potential upward momentum. Currently trading near its 52-week high of Rs 384.3, the stock has gained around 30.48 per cent from its 52-week low. These signals point towards a price-volume breakout pattern as ITI Ltd bounces back from its lows.
Swan Energy Ltd: Swan Energy Ltd is currently trading at Rs 534, a 7.68 per cent increase from its previous close of Rs 495.9. With a high traded volume of around 2.66 crore shares, the stock appears to be experiencing a strong price-volume breakout. It bounced from a demand zone and is close to its 52-week high of Rs 782.25. The stock has returned 461.51 per cent from its 52-week low, marking it as one with multibagger returns. These patterns suggest an active trend in Swan Energy’s trading.
KRN Heat Exchanger and Refrigeration Ltd: KRN Heat Exchanger and Refrigeration Ltd recently reached its all-time high of Rs 636.75 and is currently trading at Rs 583.1, up by 8.48 per cent from its previous close of Rs 537.5. The stock saw a volume surge with about 1.13 crore shares traded, showing a price-volume breakout pattern. Having gained around 45.01 per cent from its 52-week low, the stock reflects positive momentum shortly after listing. These trading volumes and price gains signal strong trading activity for KRN Heat Exchanger and Refrigeration Ltd.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Iti Ltd
|
266.49
|
3,49,23,768
|
|
2
|
Swan Energy Ltd
|
535.9
|
2,66,45,059
|
|
3
|
KRN Heat Exchanger and Refrigeration Ltd
|
592.85
|
1,12,80,335
|
|
4
|
FSN E-Commerce Ventures Ltd
|
191.54
|
86,20,244
|
|
5
|
Kec International Ltd
|
1050.7
|
72,36,590
|
|
6
|
Avalon Technologies Ltd
|
707.6
|
67,60,745
|
|
7
|
Oswal Green Tech Ltd
|
54.07
|
55,67,672
|
|
8
|
Parag Milk Foods Ltd
|
220.35
|
46,70,493
|
|
9
|
Mukka Proteins Ltd
|
45.84
|
43,57,454
|
|
10
|
Peninsula Land Ltd
|
53.55
|
29,49,585
|
Disclaimer: The article is for informational purposes only and not investment advice.