Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a flat note as Sensex closed flat at 81,526.14, while Nifty closed higher by 0.13 per cent and closed at 24,641.80 level. However, the Broader market, Nifty Midcap closed higher by 0.27 per cent at 59,292.95, while Nifty Smallcap closed higher by 0.38 per cent and closed at 19,657.35.
Market volatility, as indicated by India VIX, declined by 3.70 per cent and is trading at the level of 13.27 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks:
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd is currently trading at Rs 164.8, reflecting a 5.07 per cent rise from its previous close of Rs 156.85. The stock hit a high of Rs 165.99 during the day, with a significant traded volume of 8.68 crore shares. This surge in volume indicates strong market interest. The stock is well-positioned with returns of 114.58 per cent from its 52-week low, marking it as a multibagger. The current movement highlights a price-volume breakout, supported by a volume spike, and the stock has bounced from a support level while breaking past resistance. The 52-week high for the stock is Rs 229, indicating potential levels to watch.
Jain Irrigation Systems Ltd: Jain Irrigation Systems Ltd is trading at Rs 79.69, up 10.79 per cent from the previous close of Rs 71.93. The stock recorded a daily high of Rs 80.86, with a traded volume of 3.88 crore shares, reflecting notable market participation. The stock is nearing its 52-week high of Rs 84.19, signaling momentum. Returns from the 52-week low stand at 82.78 per cent, indicating strong performance over the year. A price-volume breakout, coupled with a volume spike, suggests heightened activity. The stock is trading close to resistance levels, which could act as a critical zone for price movement.
Jupiter Wagons Ltd: Jupiter Wagons Ltd is currently trading at Rs 556.3, marking an 11.93 per cent increase from its previous close of Rs 497. The stock touched a high of Rs 565.95 during the day with a traded volume of 3.19 crore shares, showing increased activity. Returns from its 52-week low are at 85.12 per cent, reflecting a robust performance. The 52-week high for the stock is Rs 748.1, providing a reference for its upper range. The day’s trading highlighted a price-volume breakout, volume spike, and a bounce from support levels, along with a resistance breakout.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
164.91
|
8,68,49,772
|
|
2
|
Jain Irrigation Systems Ltd
|
80.1
|
3,88,70,208
|
|
3
|
Jupiter Wagons Ltd
|
552.3
|
3,18,95,817
|
|
4
|
Swan Energy Ltd
|
780.4
|
3,10,05,827
|
|
5
|
Pnc Infratech Ltd
|
347.9
|
2,70,50,554
|
|
6
|
Ircon International Ltd
|
236.15
|
2,17,68,728
|
|
7
|
Titagarh Rail Systems Ltd
|
1312.85
|
1,23,08,965
|
|
8
|
Sunflag Iron And Steel Company Ltd
|
259.72
|
84,06,768
|
|
9
|
Shriram Properties Ltd
|
117.57
|
83,31,160
|
|
10
|
Precision Camshafts Ltd
|
352.35
|
67,56,879
|
Disclaimer: The article is for informational purposes only and not investment advice.