Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Frontline indexes had a good end to the trading day on Tuesday, with the Sensex closing at 71,555.19, up 0.68 per cent, and the Nifty closing at 21,743.25, further up by 0.59 per cent. In a similar vein, the Broader market saw modest increases as well. Nifty Small-Cap increased by 0.17 per cent, while Nifty Mid-Cap concluded the day up by 0.34 per cent.
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The India VIX, which measures market volatility, has decreased by 1.59 per cent, indicating a decline in market volatility.
Top 3 price-volume breakout stocks
NHPC Ltd (Rs 86.45): NHPC showed a significant increase in price today, reaching as high as Rs 87.85, which is near its 52-week high of Rs 115.85. The stock bounced back from its 50-day Exponential Moving Average (EMA) and trendline, indicating strong support levels. The Relative Strength Index (RSI) at 51.41 suggests a neutral sentiment, and with a volume spike and rising volumes, the stock demonstrates the potential for further upward movement.
Indian Railway Finance Corp Ltd (Rs 155.85): Indian Railway Finance Corp exhibited a notable price volume breakout today, reaching a high of Rs 156.3. Despite the previous close at Rs 132.95, the stock showed a significant increase in momentum, supported by a bounce from both its trendline and 50-day EMA. The RSI at 54.03 indicates a healthy cooldown from overbought conditions, and the presence of a bullish engulfing candlestick pattern suggests a potential continuation of the uptrend.
Central Bank of India Ltd (Rs 63.25): Central Bank of India experienced a bounce back in price today, trading near its support level of Rs 58.4. The stock's RSI at 56.77 suggests a bullish sentiment, and while volumes are currently low, they are expected to pick up soon. Despite fluctuations, the stock remains resilient and is positioned for potential upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Nhpc Limited
|
85.8
|
40,06,71,238
|
|
2
|
Indian Railway Finance Corporation Ltd
|
153.45
|
24,06,22,857
|
|
3
|
Central Bank Of India
|
63.3
|
6,05,58,767
|
|
4
|
Rail Vikas Nigam Ltd
|
245.7
|
5,21,17,373
|
|
5
|
Ircon International Ltd
|
210.9
|
4,07,32,843
|
|
6
|
Nlc India Limited
|
241.4
|
1,94,35,842
|
|
7
|
Time Technoplast Limited
|
199.05
|
1,79,08,472
|
|
8
|
Redington (india) Limited
|
199.05
|
1,28,51,232
|
|
9
|
Radhika Jeweltech Ltd
|
69.45
|
1,10,06,270
|
|
10
|
Autoline Industries Limited
|
159.85
|
63,71,708
|
Disclaimer: The article is for informational purposes only and not investment advice.