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 negative note as Sensex closed down by 0.09 per cent at 78,472.87, while Nifty closed down by 0.11 per cent and closed at 23,727.65 level. However, the Broader market, Nifty Midcap closed lower by 0.06 per cent at 57,057.90, while Nifty Smallcap closed higher by 0.24 per cent and closed at 18,732.65.
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 2.51 per cent and is trading at the level of 13.18 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks:
Greaves Cotton Ltd: Greaves Cotton Ltd is currently trading at Rs 246.23, marking a 7.36 per cent increase from its previous close of Rs 229.34. The stock touched its 52-week high of Rs 264 during the session and recorded a trading volume of 4.94 crore shares, indicating a significant price volume breakout and volume spike. With returns from the 52-week low at 119.75 per cent, it has delivered multibagger returns. The stock’s movement reflects strong interest in the market, supported by the breakout at a 52-week high.
RBL Bank Ltd: RBL Bank Ltd is currently trading at Rs 163.51, rising by 5.48 per cent from its previous close of Rs 155.01. The trading volume stood at 1.58 crore shares, showcasing a price volume breakout and a volume spike. The stock has returns of 10.85 per cent from its 52-week low, while its 52-week high remains at Rs 300.7. The day's activity highlights increased trading interest and momentum in the stock.
Hindustan Motors Ltd: Hindustan Motors Ltd is currently trading at Rs 32.02, up by 6.91 per cent from its previous close of Rs 29.95. The stock saw a trading volume of 1.05 crore shares and neared its 52-week high of Rs 48.6. The returns from the 52-week low are 109.97 per cent, categorising it as a stock with multibagger returns. The price movement and volume spike indicate strong market activity around this stock.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Greaves Cotton Ltd
|
247.62
|
4,94,16,647
|
|
2
|
Rbl Bank Ltd
|
163.31
|
1,58,35,504
|
|
3
|
Hindustan Motors Ltd
|
31.74
|
1,05,49,324
|
|
4
|
Triveni Engineering & Industries Ltd
|
494.3
|
89,47,682
|
|
5
|
Finolex Cables Ltd
|
1270.1
|
45,60,708
|
|
6
|
North Eastern Carrying Corporation Ltd
|
36.07
|
37,82,197
|
|
7
|
Jindal Worldwide Ltd
|
413.2
|
28,39,277
|
|
8
|
Snowman Logistics Ltd
|
76.69
|
27,51,365
|
|
9
|
Kohinoor Foods Ltd
|
48.4
|
17,44,027
|
|
10
|
Aditya Birla Money Ltd
|
294.76
|
16,52,972
|
Disclaimer: The article is for informational purposes only and not investment advice.