Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a negative note as Sensex closed lower by 0.62 per cent closing at 72,643.43 level, while Nifty also declined by 0.56 per cent and closed at 22,023.35 level. Whereas the Broader market experienced mixed performance as Nifty Mid-Cap closed lower by 0.46 per cent, while Nifty Small-Cap surged by 0.39 per cent.
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Market volatility, as indicated by India VIX, has surged by 1.30 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
SJVN Ltd: Today, SJVN Ltd saw a significant bounce from its support level, indicating bullish momentum. The bullish engulfing candlestick pattern further supports this sentiment, suggesting potential upward movement. Additionally, there was a price volume breakout accompanied by a notable volume spike, indicating strong buying interest. The Relative Strength Index (RSI) currently stands at 54.34, indicating moderate bullish momentum. Notably, the price found support at Rs 99, reinforcing the bullish outlook. Considering the high of Rs 128, low of Rs 113.55, and previous close of Rs 118.65, the stock closed at Rs 127.1, reflecting a 7.12% increase. SJVN Ltd's 52-week high and low are Rs 170.5 and Rs 30.4, respectively, with a market cap of Rs 49000.23 crore.
Indiabulls Real Estate Ltd: Indiabulls Real Estate Ltd witnessed a notable price volume jump today, accompanied by a volume spike, indicating heightened buying activity. The Relative Strength Index (RSI) is at 53.32, suggesting a neutral stance. After a recent pullback, the stock seems to be regaining momentum. Considering the high of Rs 117.8, low of Rs 105.25, and previous close of Rs 106.15, the stock closed at Rs 116, reflecting a significant 9.28% increase. Its 52-week high and low are Rs 128.65 and Rs 45.9, respectively, with a market cap of Rs 6280.03 crore.
Jamna Auto Industries Ltd: Jamna Auto Industries Ltd experienced a bounce from its trendline today, indicating potential bullish movement. Despite a pullback, there was a price volume breakout accompanied by a volume spike, suggesting renewed buying interest. The Relative Strength Index (RSI) is at 50.89, indicating a neutral stance. Considering the high of Rs 124.65, low of Rs 115.05, and previous close of Rs 115.85, the stock closed at Rs 121.75, reflecting a 5.09% increase. Its 52-week high and low are Rs 139.7 and Rs 94.4, respectively, with a market cap of Rs 4865.29 crore.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Sjvn Limited
|
124.6
|
11,95,09,864
|
|
2
|
Indiabulls Real Estate Limited
|
116.8
|
3,92,75,524
|
|
3
|
Jamna Auto Industries Limited
|
121.8
|
2,23,31,526
|
|
4
|
Idbi Bank Limited
|
84.2
|
1,72,50,245
|
|
5
|
Electrosteel Castings Limited
|
155.6
|
1,50,83,803
|
|
6
|
Gujarat Pipavav Port Limited
|
205.85
|
1,27,08,758
|
|
7
|
Campus Activewear Ltd
|
232.25
|
1,26,89,775
|
|
8
|
Swan Energy Limited
|
569.3
|
1,26,02,857
|
|
9
|
Cochin Shipyard
|
890.45
|
1,18,12,547
|
|
10
|
Reliance Infrastructure Limited
|
237.5
|
1,16,29,915
|
Disclaimer: The article is for informational purposes only and not investment advice.