Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Frontline indexes finished Thursday's trading day down as the Sensex closed over 1 per cent lower at 71,428.43, while the Nifty considerably dropped by 0.97 per cent to settle at 21,717.95. Nifty Mid-Cap finished slightly down by 0.05 per cent, while Nifty Small-Cap fell by 0.39 per cent, indicating a fall in the Broader market as well.
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The India VIX, which measures market volatility, has increased by 2.08 per cent, indicating a minor rise in market volatility.
Top 3 price-volume breakout stocks
Paradeep Phosphates Ltd: The stock of Paradeep Phosphates Ltd opened at Rs 79, hitting a high of Rs 85.9 and a low of Rs 75.8 before closing at Rs 82.35, marking a significant gain of 8.71 per cent from the previous close. Today, the stock displayed a price volume breakout, bouncing off a support level, with a long-range candle indicating strong buying interest. The RSI stands at 59.29, suggesting an uptrend with potential further upside, supported by a volume spike and the formation of a broadening wedge pattern.
Tata Teleservices (Maharashtra) Ltd: Tata Teleservices (Maharashtra) Ltd started the day at Rs 96.75, reaching a high of Rs 105.2 and a low of Rs 95.75, ultimately closing at Rs 104.9, up by 9.16 per cent from the previous close. The stock witnessed a price volume breakout and broke out of a range/consolidation pattern. With strong buyer interest, the RSI at 71.55 indicates momentum without being overbought. Rising volumes on up days and consistent support around Rs 85 further support the bullish sentiment.
Indiabulls Real Estate Ltd: Indiabulls Real Estate Ltd opened the day at Rs 115.35, touching a high of Rs 123.85 and a low of Rs 114.15, closing at Rs 122.85, reflecting a gain of 7.57 per cent from the previous close. The stock exhibited a price volume breakout, breaking out of a basing pattern and trading at its 52-week high. With the RSI at 77.26, indicating strong momentum, and rising volumes on up days, the stock is poised for further upside potential following the breakout.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Paradeep Phosphates Ltd
|
82.15
|
6,61,24,556
|
|
2
|
Tata Teleservices (maharashtra) Limited
|
103.75
|
6,37,03,367
|
|
3
|
Indiabulls Real Estate Limited
|
122.2
|
5,16,05,426
|
|
4
|
Zee Entertainment Enterprises Limited
|
193.3
|
4,58,08,076
|
|
5
|
Mahanagar Telephone Nigam Limited
|
51.7
|
3,41,00,328
|
|
6
|
General Insurance Corporation of India
|
441.1
|
2,42,43,212
|
|
7
|
Life Insurance Corporation of India
|
1105.25
|
2,28,72,046
|
|
8
|
New India Assurance Company Ltd
|
304.4
|
2,09,64,304
|
|
9
|
Sakthi Sugars Limited
|
44.35
|
1,94,34,695
|
|
10
|
Greaves Cotton Limited
|
169.4
|
1,21,01,558
|
Disclaimer: The article is for informational purposes only and not investment advice.