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Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Prajwal Wakhare

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

The index opened at 21,605.80, higher than the previous close, and quickly gained momentum. The current value stands at 21,658.60, reflecting a change of 141.25 points or 0.66 per cent.

The Nifty 50 index has displayed a modest positive trend in today's intraday session. The index opened at 21,605.80, higher than the previous close, and quickly gained momentum. The current value stands at 21,658.60, reflecting a change of 141.25 points or 0.66 per cent.

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Throughout the session, the index reached a high of 21,685.65 and experienced a low of 21,564.55, indicating a relatively tight trading range. The positive change suggests that buyers have taken control, contributing to the overall upward movement.

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Top 3 price-volume breakout stocks

Reliance Power Ltd. (CMP: Rs 31): Reliance Power is exhibiting strong bullish signals with a price volume breakout, trading above crucial moving averages, and experiencing a bounce from the 50-day EMA. The Relative Strength Index (RSI) is at an elevated 79.93, indicating overbought conditions, and the stock is currently at an all-time high. The impressive volume spike further supports the bullish momentum, suggesting potential continuation of the uptrend.

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Hindustan Construction Company Ltd. (CMP: Rs 30.85): Hindustan Construction Company is displaying positive technical indicators, including a price volume breakout, trading above key moving averages, and a rebound from a trendline. The RSI at 56.93 suggests a healthy uptrend, and the stock is currently trading within a channel. Noteworthy is the volume spike, indicating increased buying interest, reinforcing the potential for further upside movement.

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Indiabulls Real Estate Ltd. (CMP: Rs 94.25): Indiabulls Real Estate is signaling a bullish trend with a price volume breakout, trading comfortably above important moving averages, and a bounce from a significant support level. The retest of a cup & handle breakout is a positive sign, and the RSI at 62.98 indicates favorable momentum. A notable volume spike supports the current uptrend, suggesting a strong possibility of continued bullish movement.

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The following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Per cent Change

Price

Volume

1

Reliance Power Limited

17.15

30.4

77,38,22,956

2

Hindustan Construction Company Limited

5.61

31.05

5,77,28,874

3

Indiabulls Real Estate Limited

6.73

94.35

4,65,19,467

4

Utkarsh Small Finance Bank Ltd

8.17

57.6

3,93,70,203

5

Mahanagar Telephone Nigam Limited

8.35

35.7

3,11,85,093

6

Mmtc Limited

8.56

64.7

2,91,32,857

7

Inox Green Energy Services Ltd

6.16

142.95

2,05,31,214

8

RattanIndia Enterprises Ltd

7.51

81.6

1,65,48,284

9

Allcargo Terminals Ltd

5.79

67.6

1,53,69,735

10

Sobha Limited

15.7

1295.25

1,42,91,410

11

Dlf Limited

6.39

761.4

1,33,12,567

12

Electrosteel Castings Limited

9.7

123.25

99,21,415

13

Sigachi Industries Ltd

5.4

63.45

97,35,897

14

Reliance Infrastructure Limited

7.62

231.55

96,71,914

15

Puravankara Projects Limited

13.59

215.7

96,44,730

16

Hemisphere Properties India Ltd

7.94

165.95

89,06,264

17

Swan Energy Limited

5.01

524.4

87,23,012

18

Prozone Realty Ltd

9.42

37.75

81,35,254

19

Torrent Power Limited

7.44

1014.6

79,75,873

20

TRACXN

6.1

113.95

78,32,725

 

Disclaimer: The article is for informational purposes only and not investment advice.

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