Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Benchmark indexes had a favorable end to the trading day on Wednesday, with the Sensex closing at 72,623.10, a 0.59 per cent decrease, and the Nifty closing at 22,055.05, a 0.64 per cent decline. In a similar vein, the Broader market saw significant losses as Nifty Mid-Cap ended the day down 1.25 per cent and Nifty Small-Cap fell 1.04 percent.
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The India VIX, which measures market volatility, has slightly decreased by 0.78 per cent, indicating a modest fall in market volatility.
Top 3 price-volume breakout stocks
Sterlite Technologies Ltd: The stock of Sterlite Technologies witnessed a significant upward movement today, opening at Rs 135 and reaching a high of Rs 147 before settling at Rs 145.15, representing a 7.96 per cent increase from the previous close of Rs 134.45. The price volume breakout, along with a trendline breakout, suggests potential bullish momentum, though confirmation is needed. Minor resistance is noted at Rs 150, 160, and 170, while support lies at Rs 130. The Relative Strength Index (RSI) stands at 57.84, indicating a moderately bullish sentiment, supported by a notable volume spike.
Bajaj Consumer Care Ltd: Bajaj Consumer Care saw a strong surge in price today, opening at Rs 232.95 and hitting a high of Rs 249, eventually closing at Rs 240.5, a 5.32 per cent increase from the previous close of Rs 228.35. The stock displayed a price volume breakout, coupled with a trendline breakout, signaling potential bullish continuation towards the 52-week high. With the RSI at 69.10, indicating bullish momentum, and supported by a notable volume spike, the stock appears poised for further upward movement.
Renaissance Global Ltd: Renaissance Global experienced a robust trading day, reaching a high of Rs 135.9 from an opening price of Rs 114.95, closing at Rs 135.5, marking an impressive 18.50 per cent surge from the previous close of Rs 114.35. The stock broke out to a new 52-week high, displaying strong bullish movement and bouncing back from the 50-day Exponential Moving Average (EMA). With the RSI at 72.08 and accompanied by a price volume breakout and volume spike, the stock exhibits significant bullish momentum and potential for further upside movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Sterlite Technologies Limited
|
144.85
|
1,63,98,649
|
|
2
|
Bajaj Consumer Care Ltd
|
241.2
|
74,89,546
|
|
3
|
Renaissance Global Ltd
|
133.65
|
67,95,599
|
|
4
|
Abb India Limited
|
4984.7
|
44,04,766
|
|
5
|
Virinchi Ltd
|
43.5
|
41,63,082
|
|
6
|
Bigbloc Construction Limited
|
253.55
|
32,65,348
|
|
7
|
Simbhaoli Sugars Limited
|
35.8
|
27,13,397
|
|
8
|
Raymond Limited
|
1873.7
|
26,40,307
|
|
9
|
Zuari Industries Ltd
|
322.4
|
21,65,394
|
|
10
|
Taj Gvk Hotels & Resorts Limited
|
398.4
|
20,83,843
|
Disclaimer: The article is for informational purposes only and not investment advice.