Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
The Indian leading indexes ended Saturday's turbulent trading session on a much lower note. The BSE Sensex fell 0.36 per cent, closing at 71,423, while the Nifty 50 index down 0.23 per cent, settling at 21,571.
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In contrast, wider indices remained strong throughout the session. The Nifty Mid-Cap 100 rose 0.52 per cent to 48,063, while the Nifty Small-Cap 100 increased 0.20 per cent to 15,519. Nifty PSU Bank, Nifty Bank, and Nifty Financial Services emerged as the Top Gainers, while Nifty FMCG, Nifty IT, and Nifty Pharma suffered considerable losses.
Top 3 price-volume breakout stocks
NHPC Ltd witnessed a strong bullish momentum today, as it recorded a significant breakout with the current market price (CMP) at Rs 81.4, marking a remarkable surge from the previous close of Rs 71.1. The stock displayed a price volume breakout, hitting a new all-time high at Rs 75.35, along with a substantial 14.49 per cent change. The RSI stands at 77.75, indicating an overbought condition, while the volume spike and bounce from the 20-day EMA suggest robust buying interest. However, the day candle faced selling pressure, indicating a potential short-term correction.
Ircon International Ltd exhibited an impressive performance today, showcasing a notable breakout with CMP at Rs 265, surging from the previous close of Rs 204.05, resulting in a substantial 29.87 per cent change. The stock demonstrated a price volume breakout, reaching an all-time high of Rs 230.85. The RSI at 87.23 suggests an overbought condition, possibly indicating a short-term correction. The volume spike and bounce from the 20-day EMA affirm strong buying interest, complemented by the positive market sentiment towards railway stocks.
HFCL Ltd displayed a robust bullish trend today, marked by a significant breakout with CMP at Rs 98.9, up from the previous close of Rs 84.6, resulting in a notable 16.90 per cent change. The stock witnessed a price volume breakout, bouncing convincingly from a support level and achieving a higher high. The RSI at 73.83 suggests a bullish momentum, indicating the potential for further upward movement. The volume spike and the presence of a strong bullish candle reinforce the positive sentiment surrounding HFCL Ltd in the market.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Nhpc Limited
|
80.5
|
26,14,47,648
|
|
2
|
Ircon International Ltd
|
267.1
|
15,14,75,224
|
|
3
|
Himachal Futuristic Communications Limited
|
99.7
|
15,11,02,627
|
|
4
|
Idbi Bank Limited
|
79.1
|
13,36,10,874
|
|
5
|
Ifci Limited
|
38.5
|
12,73,45,315
|
|
6
|
Rama Steel Tubes Limited
|
47.65
|
7,33,45,581
|
|
7
|
Mahanagar Telephone Nigam Limited
|
37.7
|
3,96,03,271
|
|
8
|
Railtel Corporation of India Ltd
|
444
|
3,16,61,864
|
|
9
|
National Fertilizers Limited
|
122.3
|
2,75,92,174
|
|
10
|
Tourism Finance Corporation Of India Limited
|
189.85
|
2,33,14,562
|
Disclaimer: The article is for informational purposes only and not investment advice.