Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.75 per cent closing at 72,641.19 level, while Nifty also gained by 0.79 per cent and closed at 22,011.95 level. Similarly, the Broader market experienced substantial gains as the Nifty Mid-Cap closed significantly higher by 2.14 per cent, while the Nifty Small-Cap soared by 2.57 per cent.
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Market volatility, as indicated by India VIX, has declined by 7.13 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Bharat Electronics Ltd: Today, Bharat Electronics Ltd opened higher than the previous close at Rs 196.7, indicating a gap-up opening with strong momentum. The stock price ranged between Rs 190 and Rs 197.5 during the day, ultimately closing at Rs 196.7. This marks a significant 4.93 per cent increase from the previous close of Rs 187.45.
The volume surged along with the price, suggesting increased market interest. The stock also bounced from its trendline, indicating bullish sentiment. The Relative Strength Index (RSI) stands at 51.08, suggesting a balanced market sentiment without being overbought or oversold.
IRB Infrastructure Developers Ltd: IRB Infrastructure Developers Ltd witnessed a robust trading session today, with the stock price surging to Rs 59.15 from its previous close of Rs 53.95, marking a notable 9.64 per cent increase. The day started with a gap-up opening, and the stock demonstrated strong bullish momentum throughout the day.
Volume spiked significantly, indicating heightened investor interest. The stock also bounced back from Rs 49.95, which acted as a support level, further reinforcing the bullish sentiment. The RSI currently stands at 49.56, suggesting a slightly neutral stance, with potential for further upside if the stock breaches the Rs 60 mark.
Engineers India Ltd: Engineers India Ltd exhibited strong bullish momentum today, with the stock price reaching Rs 195.9 from its previous close of Rs 174.45, reflecting a substantial 12.30 per cent increase.
The stock experienced a price volume breakout, accompanied by a surge in trading volume, indicating increased market participation. Additionally, the stock found support at the prior breakout level of Rs 172, reinforcing the bullish sentiment. The RSI currently stands at 45.32, indicating a moderate level of buying interest. However, the stock is trading near a strong support level, suggesting potential for further upward movement if this level holds.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Bharat Electronics Limited
|
196.85
|
4,31,52,810
|
|
2
|
IRB Infrastructure Developers Limited
|
58.9
|
4,14,11,701
|
|
3
|
Engineers India Limited
|
195.9
|
4,09,51,093
|
|
4
|
Bharat Heavy Electricals Limited
|
237.2
|
3,67,84,553
|
|
5
|
National Aluminium Company Limited
|
145.75
|
3,67,69,400
|
|
6
|
Power Finance Corporation Limited
|
386.75
|
2,20,51,092
|
|
7
|
GMR Infrastructure Limited
|
79.1
|
1,89,86,515
|
|
8
|
CG Power and Industrial Solutions Ltd
|
541.4
|
1,85,10,964
|
|
9
|
Rural Electrification Corporation Limited
|
450.25
|
1,84,29,266
|
|
10
|
Ujjivan Small Finance Bank Ltd
|
45.95
|
1,77,48,337
|
Disclaimer: The article is for informational purposes only and not investment advice.