Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, both indexes ended the day on a negative note, with the Sensex closing 0.44 per cent down at 71,186.86, and the Nifty falling 0.51 per cent to 21,462.25.
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Similarly, broader indexes finished down, with Nifty Mid-Cap falling by 0.11 per cent and Nifty Small-Cap dropping by 0.18 per cent.
Top 3 price-volume breakout stocks
South Indian Bank Ltd exhibited a promising technical scenario today, marked by a Price Volume Breakout and a successful retest of the ascending triangle breakout, signaling a renewed bullish momentum. The stock's bounce from the 20-day EMA in the short term reinforces its strength, while the RSI at 71.17 indicates a balanced trend. The presence of today's long-range candle and a significant volume spike validate the bullish momentum, suggesting increased market participation. With these indicators, South Indian Bank Ltd seems well-positioned for potential upside movement, especially after closing at Rs 30.95, an 8.98 per cent increase from the previous close.
PCBL Ltd displayed a robust technical performance with a Price Volume Breakout, marking an all-time high breakout. The basing pattern formation before the breakout adds further strength to the bullish case. The RSI at 80.50 suggests the stock is in overbought territory, indicating strong positive momentum. Additionally, a notable volume spike and a bounce from the 50-day EMA contribute to the bullish sentiment. Closing at Rs 310.5, PCBL Ltd recorded an 11.37 per cent increase from the previous close, emphasizing its strong upward trajectory.
Castrol India Limited's technical analysis reveals a positive outlook with a Price Volume Breakout and a bounce from a support level. The presence of a Bullish Engulfing candlestick pattern and an RSI at 56.82 adds to the bullish sentiment. A significant volume spike and a strong bullish candle further support the potential uptrend. Closing at Rs 178.1, Castrol India Limited recorded a 6.04 per cent increase from the previous close, emphasizing its successful day characterized by positive market dynamics.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
The South Indian Bank Limited
|
30.75
|
27,75,44,230
|
|
2
|
PCBL Ltd
|
311
|
3,75,67,186
|
|
3
|
Castrol India Limited
|
177.45
|
1,72,15,982
|
|
4
|
Vascon Engineers Limited
|
86.25
|
1,69,55,439
|
|
5
|
Apollo Tyres Limited
|
500.05
|
88,68,642
|
|
6
|
Navkar Corporation Limited
|
120.4
|
77,33,206
|
|
7
|
Vaibhav Global Limited
|
487.55
|
66,99,121
|
|
8
|
Shree Digvijay Cement Co. Ltd
|
113
|
60,66,910
|
|
9
|
Oracle Financial Services Software Limited
|
6545.5
|
52,87,654
|
|
10
|
Itd Cementation India Limited
|
315.2
|
52,40,627
|
Disclaimer: The article is for informational purposes only and not investment advice.