Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, the Sensex closed 0.27 per cent lower at 73,128.78, while the Nifty closed 0.29 per cent lower at 22,032.30.
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Similarly, broad indices ended considerably down, with the Nifty Mid-Cap falling 0.36 per cent and the Nifty Small-Cap falling 0.48 per cent.
Top 3 price-volume breakout stocks
Indian Railway Finance Corp Ltd (IRFC) witnessed a significant Price Volume Breakout, currently trading above all crucial moving averages, signaling a robust bullish trend. The stock achieved an all-time high breakout, supported by a superstrong RSI at 91.30, indicating an overbought condition. A surge in trading volume, along with a bounce from the 50-day EMA, suggests strong investor interest, reinforcing the bullish sentiment.
JM Financial Ltd demonstrated a notable Price Volume Breakout and successfully breached its all-time high, indicating a positive trend. The formation of an ascending triangle breakout pattern adds to the bullish outlook. With an RSI at 71.11, the stock is in a strong position, and a volume spike further supports the upward momentum. Additionally, bouncing from the 20-day EMA reflects short-term strength in the stock.
ITI Ltd experienced a compelling Price Volume Breakout, marking a consolidation breakout and a bounce from the 20-day EMA, showcasing short-term strength. The RSI at 82.38 entered the overbought region, indicating a powerful bullish sentiment. The surge in trading volume, coupled with a strong bullish candle and an 18% one-day surge, highlights significant investor confidence in the stock's upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
141.85
|
49,26,37,990
|
|
2
|
Jm Financial Limited
|
107.35
|
5,37,04,813
|
|
3
|
Iti Limited
|
373.85
|
4,51,18,872
|
|
4
|
National Fertilizers Limited
|
107.6
|
4,08,70,961
|
|
5
|
Moil Limited
|
335.1
|
1,66,39,936
|
|
6
|
Mirza International Limited
|
61.3
|
1,19,80,969
|
|
7
|
Global Surfaces Ltd
|
257.7
|
67,75,058
|
|
8
|
Pnb Housing Finance Limited
|
848
|
58,07,403
|
|
9
|
Aster DM Healthcare Ltd
|
425.15
|
53,51,757
|
|
10
|
MSTC Ltd
|
916.9
|
48,29,798
|
Disclaimer: The article is for informational purposes only and not investment advice.