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 negative note on Wednesday. The Sensex closed 1.08 percent lower at 72,304.89, while the Nifty fell 1.11 per cent to settle at 21,951.15. In a similar vein, the Broader market also suffered large losses, with Nifty Mid-Cap closing 1.94 per cent down and Nifty Small-Cap falling 1.87 per cent.
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The India VIX, which measures market volatility, has slightly increased by 3.83 per cent, indicating a rise in market volatility.
Top 3 price-volume breakout stocks
Jindal Worldwide Ltd: Today, Jindal Worldwide saw a positive momentum with a green candlestick, indicating buying interest. The stock broke out with a significant increase in trading volume, suggesting heightened investor activity. It's currently trading near its high point of the day, showing strength in the upward movement. However, it faces resistance near its 52-week high price of Rs 430.55, which might stall further advances. The Relative Strength Index (RSI) is at 75.88, indicating the stock is in overbought territory. This surge in price is accompanied by a notable spike in volume, reinforcing the bullish sentiment.
Bodal Chemicals Ltd: Bodal Chemicals continued its upward trajectory, trading above its 200-day Exponential Moving Average (EMA), a bullish signal. The stock witnessed a breakout accompanied by increased trading volume, indicating strong buying interest. Despite consolidating within a wide range, the stock remains resilient, with the RSI at 56.49, reflecting moderate bullish momentum. The volume spike further validates the breakout, suggesting potential continuation of the uptrend.
Vaswani Industries Ltd: Vaswani Industries exhibited robust movement, rebounding strongly from its 20-day EMA, a bullish sign. The stock broke out to reach a new 52-week high, supported by a surge in both price and volume, indicating strong bullish sentiment. With the RSI at 77.78 in the bullish region, there's further confirmation of the stock's strength. The price-volume breakout suggests continued momentum in the upward direction, signaling potential opportunities for investors.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Jindal Worldwide Limited
|
414
|
92,76,859
|
|
2
|
Bodal Chemicals Limited
|
83.75
|
49,75,522
|
|
3
|
Vaswani Industries Limited
|
55.05
|
48,19,720
|
|
4
|
Bajaj Healthcare Ltd
|
358.15
|
36,68,222
|
|
5
|
Rainbow Childrens Medicare Ltd
|
1429.2
|
32,26,540
|
|
6
|
Dreamfolks Services Ltd
|
508.1
|
21,02,766
|
|
7
|
Aegis Logistics Limited
|
443.5
|
20,74,349
|
|
8
|
Thyrocare Technologies Limited
|
681
|
18,56,261
|
|
9
|
Hind Rectifiers Limited
|
680.05
|
6,70,860
|
|
10
|
Manaksia Coated Metals & Industries Limited
|
40.2
|
6,34,477
|
Disclaimer: The article is for informational purposes only and not investment advice.