Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, the indexes ended the day on a strong note, with the Sensex closing 1.76 per cent higher at 71,941.57 and the Nifty up 1.8 per cent at 21,737.60. Similarly, this trend persisted in the Broader market, with the Nifty Mid-Cap closing 1.63 per cent higher and the Nifty Small-Cap up 1.49 per cent.
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Market volatility, as measured by the India VIX, has increased by 13.09 per cent, signifying a jump in market volatility.
Top 3 price-volume breakout stocks
Infibeam Avenues Ltd had an impressive trading day with a significant breakout in both price and volume. The stock surged from Rs 29.9 to a high of Rs 34.9, marking an all-time high breakout. The ascending triangle breakout and higher high confirm the strong bullish momentum. Despite the overbought RSI at 85.48, the stock showed resilience, bouncing off the 50-day EMA. A notable volume spike further supports the positive sentiment, and the day closed at Rs 34.9, reflecting a substantial 19.93% gain from the previous close.
Irb Infrastructure Developers Ltd experienced a robust trading session, witnessing a notable price volume breakout. The stock soared from Rs 52.3 to a high of Rs 60.8, reaching an all-time high and confirming higher high breakouts. Despite an overbought RSI at 84.96, the stock maintained its bullish stance. A significant volume spike accompanied the surge, reflecting strong investor interest. The day concluded with a closing price of Rs 60.8, reflecting a remarkable 19.92 per cent gain from the previous close.
Hindustan Construction Company Ltd displayed a strong bullish performance with a price volume breakout, breaking through the rising channel and reaching a 52-week high. The stock demonstrated a series of long green candles with high volatility, indicating robust buying interest. The RSI at 72.54 suggests a bullish trend, and a notable volume spike supports the overall positive sentiment. The day closed at Rs 40.45, showcasing an 11.28 per cent gain from the previous close and confirming the stock's strong upward momentum.
The following is a list of stocks with a strong positive breakout:
|
Sr. No.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Infibeam Incorporation Limited
|
34.9
|
29,55,54,072
|
|
2
|
Irb Infrastructure Developers Limited
|
59.95
|
19,32,49,563
|
|
3
|
Hindustan Construction Company Limited
|
40.45
|
17,76,17,557
|
|
4
|
Sjvn Limited
|
129.2
|
13,58,68,902
|
|
5
|
NMDC Steel Ltd
|
67.2
|
8,76,22,769
|
|
6
|
Indian Overseas Bank
|
48.45
|
7,50,63,152
|
|
7
|
Oil & Natural Gas Corporation Limited
|
252.5
|
5,41,27,939
|
|
8
|
Bajaj Hindusthan Sugar Limited
|
30.65
|
5,33,57,561
|
|
9
|
Power Finance Corporation Limited
|
446.75
|
3,83,20,305
|
|
10
|
Rural Electrification Corporation Limited
|
499.7
|
2,72,72,127
|