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 down by 0.29 per cent at 81,289.96, while Nifty closed lower by 0.38 per cent and closed at 24,548.70 level. However, the Broader market, Nifty Midcap closed lower by 0.46 per cent at 59,210.70, while Nifty Smallcap closed lower by 0.97 per cent and closed at 19,466.55.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Market volatility, as indicated by India VIX, declined by 0.60 per cent and is trading at the level of 13.19 reflecting a slight fall in market volatility.
Top 3 price-volume breakout stocks:
Tata Teleservices (Maharashtra) Ltd: Tata Teleservices (Maharashtra) Ltd showed strong price movement, trading at Rs 86, up 6.38 per cent from its previous close of Rs 80.84. The stock witnessed a trading volume of 10.95 crore shares, indicating significant activity. It has bounced from a support level and broken through resistance, with a 52-week high of Rs 111.4. The current market cap stands at Rs 16,692.56 crore, and the stock has gained 32.21 per cent from its 52-week low. The price-volume breakout signals continued momentum in the near term.
Mahanagar Telephone Nigam Ltd: Mahanagar Telephone Nigam Ltd is currently trading at Rs 58.28, marking a 7.13 per cent increase from its previous close of Rs 54.4. The stock recorded a trading volume of 5.35 crore shares. It recently broke out of an inverse head-and-shoulders pattern and is supported by a price-volume breakout. The stock has returned 97.23 per cent from its 52-week low of Rs 101.93, with a market cap of Rs 3,690.73 crore.
Star Cement Ltd: Star Cement Ltd is trading at Rs 217.6, rising 8.19 per cent from its previous close of Rs 201.12. The trading volume reached 1.97 crore shares. The stock achieved a price-volume breakout, supported by a trendline breakout. It is moving closer to its 52-week high of Rs 256. With a market cap of Rs 8,881.86 crore, the stock has gained 31.72 per cent from its 52-week low.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Tata Teleservices (Maharashtra) Ltd
|
85.39
|
10,94,73,784
|
|
2
|
Mahanagar Telephone Nigam Ltd
|
58.56
|
5,35,45,413
|
|
3
|
Star Cement Ltd
|
220.24
|
1,96,54,724
|
|
4
|
Bls International Services Ltd
|
477.55
|
1,10,28,953
|
|
5
|
Adani Green Energy Ltd
|
1217.95
|
1,08,19,303
|
|
6
|
Bliss Gvs Pharma Ltd
|
173.73
|
69,47,060
|
|
7
|
Chalet Hotels Ltd
|
1017
|
64,02,501
|
|
8
|
Aeroflex Industries Ltd
|
230.61
|
61,64,036
|
|
9
|
Zinka Logistics Solutions Ltd
|
424.1
|
47,71,749
|
|
10
|
3i Infotech Ltd
|
32.97
|
33,96,288
|
Disclaimer: The article is for informational purposes only and not investment advice.