Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Benchmark indexes finished the trading day on a high note on Thursday. The Sensex completed the day much higher, closing at 73,158.24, while the Nifty also saw a significant increase, closing at 22,252.50, a new all-time high. In a similar vein, the Broader market saw notable gains as Nifty Mid-Cap ended the day 1.02 per cent higher and Nifty Small-Cap shot up 0.68 per cent.
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The India VIX, which measures market volatility, has decreased by 4.58 per cent, indicating a fall in market volatility.
Top 3 price-volume breakout stocks
South Indian Bank Ltd: Today, South Indian Bank Ltd saw a strong movement with the price opening at Rs 33.4 and closing at Rs 35.65, marking a significant increase of 9.52 per cent from the previous close. The stock bounced back from its 50-day Exponential Moving Average (EMA), indicating bullish momentum. Moreover, it broke out from its prior high, which is a positive sign for further upside potential. The Relative Strength Index (RSI) stands at 59.79, suggesting bullish momentum is still intact. Additionally, there was a notable volume spike, supporting the upward movement. Overall, South Indian Bank Ltd shows strong bullish indicators, with potential for further gains.
NCC Ltd: NCC Ltd exhibited bullish behavior today, with the price opening at Rs 227.5 and closing at Rs 242, representing a 6.82 per cent increase from the previous close. The stock experienced a price volume breakout and surpassed its 52-week high, indicating strong bullish momentum. The RSI is currently at 72.23, signifying overbought conditions but also reflecting strong upward momentum. Additionally, there was a notable volume spike, further supporting the bullish trend. NCC Ltd is in a strong uptrend with potential for further upside.
Hindustan Copper Ltd.: Hindustan Copper Ltd. showed positive movement today, with the price opening at Rs 249 and closing at Rs 264.5, marking a 7.52 per cent increase from the previous close. The stock formed a price volume breakout and is trading near its 50-day EMA, indicating bullish sentiment. Furthermore, it is approaching its 52-week high after the breakout, suggesting potential for further gains. The RSI is at 50.14, indicating neutral momentum. Additionally, there was a notable volume spike, supporting the bullish move. Hindustan Copper Ltd. is in a favourable position for further upside potential.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
The South Indian Bank Limited
|
35.7
|
6,68,28,828
|
|
2
|
Ncc Limited
|
243.05
|
2,35,82,382
|
|
3
|
Hindustan Copper Limited
|
263.1
|
1,51,52,514
|
|
4
|
Graphite India Limited
|
607.85
|
1,33,70,322
|
|
5
|
Mishra Dhatu Nigam Ltd
|
441.8
|
1,19,65,059
|
|
6
|
Samhi Hotels Ltd
|
214
|
98,87,697
|
|
7
|
Dishman Carbogen Amcis Ltd
|
238.8
|
64,70,143
|
|
8
|
Khaitan Chemicals & Fertilizers Ltd
|
85.5
|
55,67,105
|
|
9
|
Ht Media Limited
|
34.2
|
52,01,174
|
|
10
|
Tarmat Limited
|
109.85
|
48,82,528
|
Disclaimer: The article is for informational purposes only and not investment advice.