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 positive note as Sensex closed higher by 0.74 per cent and closed at 80,845.75, while Nifty closed higher by 0.75 per cent and closed at 24,457.15 level. However, in the broader market, Nifty Mid-Cap closed higher by 0.89 per cent at 57,370.15, while the Nifty Small-Cap closed higher by 0.84 per cent and closed at 18,904.15.
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Market volatility, as indicated by India VIX, rose by 1.87 per cent and is trading at the level of 14.70 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Ola Electric Mobility Ltd: Ola Electric Mobility Ltd is currently trading at Rs 98, showing a 5.05 per cent rise from the previous close of Rs 93.29. The stock reached a high of Rs 101.78 during the session, supported by a trading volume of 23.69 crore shares. With a 52-week high of Rs 157.4, the stock has delivered 47.01 per cent returns from its 52-week low. The stock has witnessed a price-volume breakout, with a significant volume spike. It is rising after forming a bullish engulfing candlestick pattern, indicating strong buying interest.
NTPC Green Energy Ltd: NTPC Green Energy Ltd closed at its session high of Rs 142.12, reflecting a 10 per cent gain from the previous close of Rs 129.2. The trading volume stood at 6.35 crore shares. The stock reached a 52-week high of Rs 142.12 today, with returns from the 52-week low standing at 27.46 per cent. The movement indicates a price-volume breakout, with strong volumes observed. The stock has been rising steadily after its recent listing on exchanges.
Enviro Infra Engineers Ltd: Enviro Infra Engineers is currently trading at Rs 257.04, marking a 15.44 per cent increase from the previous close of Rs 222.67. The stock touched a high of Rs 263.8 during the day, with a trading volume of 5.05 crore shares. The 52-week high of the stock also stands at Rs 263.8, and it has delivered 25.35 per cent returns from its 52-week low. The stock has shown a price-volume breakout and is witnessing a volume spike as it rises after its listing on exchanges.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ola Electric Mobility Ltd
|
98.54
|
23,69,92,751
|
|
2
|
NTPC Green Energy Ltd
|
142.12
|
6,35,50,521
|
|
3
|
EIEL
|
257.7
|
5,05,82,911
|
|
4
|
Hindustan Construction Company Ltd
|
45.81
|
4,44,68,061
|
|
5
|
Zee Entertainment Enterprises Ltd
|
138.17
|
3,54,19,356
|
|
6
|
NMDC Steel Ltd
|
48.25
|
2,98,30,104
|
|
7
|
Union Bank Of India
|
126.06
|
2,82,56,395
|
|
8
|
NIVABUPA
|
81.93
|
2,68,19,402
|
|
9
|
Manappuram Finance Ltd
|
164.19
|
2,46,03,991
|
|
10
|
Heg Ltd
|
500.55
|
1,89,66,610
|
Disclaimer: The article is for informational purposes only and not investment advice.