Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
The main stock indices ended the day positively, achieving fresh record highs. The Sensex saw a significant increase of 1.05 per cent, setting a new all-time peak at 73,402.16, and the Nifty also reached its highest level of 22,115.55 with a surge of over 0.93 per cent.
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In a similar fashion, broader indices experienced moderate gains, with the Nifty Mid-Cap rising by 0.67 per cent, and the Nifty Small-Cap witnessing a 0.41 per cent increase.
Top 3 price-volume breakout stocks
Rail Vikas Nigam Ltd (RVNL) demonstrated strong bullish momentum today with a notable price volume breakout, surging from Rs 204.25 to Rs 221. The stock is currently trading above all significant moving averages, indicating a positive trend. Moreover, RVNL achieved an all-time high breakout, further strengthening its bullish stance. The Relative Strength Index (RSI) stands at 83.74, entering the overbought region, suggesting potential profit-taking in the near term. The stock experienced a significant volume spike, reflecting increased investor interest. Additionally, the bounce from the 50-day Exponential Moving Average (EMA) reinforces the stock's upward momentum.
SJVN Ltd showcased robust performance today, marked by a price volume breakout, reaching Rs 102.6 from Rs 94.85. The stock also achieved an all-time high breakout, indicating strong upward potential. With an RSI of 69.78, SJVN is approaching the overbought region, suggesting possible profit-taking in the short term. A significant volume spike and bounce from the 50-day EMA further support the bullish sentiment.
Wipro Ltd witnessed a dynamic trading day, marked by a price volume breakout, climbing to Rs 495.1 from Rs 511.95. The presence of an Exhaustion Gap and a bounce from support levels contribute to the stock's positive outlook. However, the RSI at 72.14 signals a potential overbought condition, and a notable volume spike indicates increased trading activity. The 6 per cent surge in a single day might attract profit booking from traders, leading to selling pressure after the opening.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
|
1
|
Rail Vikas Nigam Ltd
|
220.65
|
|
2
|
Sjvn Limited
|
102.5
|
|
3
|
Wipro Limited
|
494.6
|
|
4
|
Tourism Finance Corporation Of India Limited
|
171.1
|
|
5
|
Dhanlaxmi Bank Limited
|
43.55
|
|
6
|
Engineers India Limited
|
227.5
|
|
7
|
Indian Railway Finance Corporation Ltd
|
130.1
|
|
8
|
Indian Renewable Energy Development Agency Ltd
|
121.8
|
|
9
|
Mangalore Refinery And Petrochemicals Limited
|
169.3
|
|
10
|
SBC Exports Ltd
|
36.85
|
Disclaimer: The article is for informational purposes only and not investment advice.