Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
The index opened at 21,773.55 and reached a high of 21,928.25, showcasing strong bullish momentum throughout the day. The low for the session was observed at 21,715.15, indicating a relatively narrow trading range.
In today's intraday trading session, the Nifty 50 exhibited a positive trend, closing at 21,894.55, marking a gain of 247.35 points or 1.14 per cent.
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The index opened at 21,773.55 and reached a high of 21,928.25, showcasing strong bullish momentum throughout the day. The low for the session was observed at 21,715.15, indicating a relatively narrow trading range.
Top 3 price-volume breakout stocks
Indian Railway Finance Corp Ltd (IRFC) witnessed a robust trading day as it displayed a compelling Price Volume Breakout, soaring to new heights. The stock exhibited strength by consistently trading above crucial moving averages, marking a significant milestone with an all-time high breakout. The Relative Strength Index (RSI) stands at a bullish 81.93, teetering on the edge of the overbought region, signaling the potential for further upward momentum. The surge in volume further validates the bullish sentiment, indicating strong investor participation in this rally.
Indian Renewable Energy Dev Agency Ltd (IREDA) experienced a noteworthy trading session characterized by a Price Volume Breakout and a breakthrough from a consolidation phase. The stock demonstrated resilience by maintaining its upward trajectory amidst a positive market environment. With the RSI at a healthy 69.37, there's room for additional upside potential. The notable volume spike suggests increased market interest and participation, reinforcing the stock's positive outlook.
Bank of Maharashtra Ltd (BoM) displayed an impressive Price Volume Breakout, supported by a bounce from the lower trendline, highlighting a resilient upward move. The stock, with an RSI of 62.89, indicates a balanced momentum, offering room for potential growth. A significant volume spike and proximity to a breakout point further underline the stock's potential, with a notable 5 per cent surge in a single day reflecting strong market enthusiasm. Traders are advised to keep a close eye on BoM as it approaches a potential breakout.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Per cent Changes
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
6.13
|
113.4
|
19,93,80,642
|
|
2
|
Indian Renewable Energy Development Agency Ltd
|
7.11
|
110.75
|
8,26,69,666
|
|
3
|
Bank Of Maharashtra
|
5.11
|
48.3
|
7,74,64,168
|
|
4
|
Bank Of India
|
6.69
|
129.1
|
5,47,06,093
|
|
5
|
Firstsource Solutions Limited
|
10.42
|
209.9
|
5,42,01,317
|
|
6
|
Union Bank Of India
|
5.42
|
131.2
|
4,26,23,126
|
|
7
|
Dhanlaxmi Bank Limited
|
19.8
|
36.3
|
4,21,30,107
|
|
8
|
Utkarsh Small Finance Bank Ltd
|
6.27
|
62.75
|
3,98,51,760
|
|
9
|
Oil & Natural Gas Corporation Limited
|
5.45
|
223.4
|
3,92,28,118
|
|
10
|
Infosys Limited
|
7.93
|
1612.75
|
2,67,54,401
|
|
11
|
Coffee Day Enterprises Limited
|
8.94
|
66.4
|
2,17,29,254
|
|
12
|
Avanti Feeds Limited
|
11.32
|
545.3
|
1,58,55,901
|
|
13
|
Motisons Jewellers Ltd
|
9.98
|
228.7
|
1,36,15,682
|
|
14
|
Aditya Birla Money Limited
|
10.94
|
140
|
1,30,51,879
|
|
15
|
The Karnataka Bank Limited
|
7.5
|
272.5
|
1,24,84,221
|
|
16
|
Prozone Realty Ltd
|
7.7
|
41.25
|
1,09,74,478
|
|
17
|
D B Realty Limited
|
9.98
|
222.65
|
1,03,68,431
|
|
18
|
3i Infotech Ltd
|
5.67
|
55
|
65,61,908
|
|
19
|
Apex Frozen Foods
|
7.49
|
266.8
|
61,25,851
|
|
20
|
Zuari Agro Chemicals Limited
|
10.85
|
230.9
|
58,39,712
|
Disclaimer: The article is for informational purposes only and not investment advice.