Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex moderately declined by 0.5 per cent closing at 72,470.30 level, while Nifty also declined by 0.42 per cent and closed at 22,004.70 level. Whereas, the Broader market experienced substantial gains as the Nifty Mid-Cap closed significantly higher by 1.04 per cent, while the Nifty Small-Cap soared by 0.65 per cent.
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Market volatility, as indicated by India VIX, has surged by 4.91 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Gujarat Pipavav Port Ltd: Today, Gujarat Pipavav Port Ltd saw a significant uptick in trading activity with a traded volume of 27,927,981 shares. The stock price rose to Rs 215.1 from the previous close of Rs 197.9, marking an 8.69% increase. This surge is indicative of a price volume breakout and a strong upmove supported by momentum. Additionally, the stock bounced from a key support level and the 50-day Exponential Moving Average (EMA). The Relative Strength Index (RSI) is at 60.24, suggesting bullish momentum. With the stock trading near its 52-week high, further upward movement could be expected.
Hindustan Copper Ltd: Hindustan Copper Ltd experienced heightened trading activity today, with a volume spike of 20,516,082 shares. The stock price rose to Rs 282 from the previous close of Rs 268.85, indicating a 4.89% increase. This movement signifies a price volume breakout and a bounce from a support level. The RSI is at 56.65, indicating bullish sentiment, with potential for further upside as long as it remains above 60. Additionally, the stock is trading above the 50-day EMA, further supporting its bullish outlook.
Time Technoplast Ltd: Time Technoplast Ltd witnessed a surge in trading volume today, with 8,157,994 shares traded. The stock price increased to Rs 252.5 from the previous close of Rs 220.35, marking a notable 14.59% rise. This movement suggests a price volume breakout and a bounce from a support level. The RSI is at 69.11, indicating strong bullish momentum, with the stock trading above its 52-week high. This breakout above previous resistance levels suggests the potential for further upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Gujarat Pipavav Port Limited
|
216.3
|
2,79,28,421
|
|
2
|
Hindustan Copper Limited
|
282.55
|
2,05,16,082
|
|
3
|
Time Technoplast Limited
|
250
|
81,69,805
|
|
4
|
Deep Industries Ltd
|
305.1
|
60,36,511
|
|
5
|
Skipper Limited
|
316.55
|
59,24,932
|
|
6
|
Electrosteel Castings Limited
|
172.7
|
56,40,234
|
|
7
|
Oil India Limited
|
611.45
|
55,46,293
|
|
8
|
Torrent Power Limited
|
1405
|
42,89,151
|
|
9
|
Triveni Turbine Limited
|
537.6
|
42,23,986
|
|
10
|
Interglobe Aviation Limited
|
3492.05
|
24,63,948
|
Disclaimer: The article is for informational purposes only and not investment advice.