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Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Prajwal Wakhare
/ Categories: Trending, Swing Trading

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Top 3 price-volume breakout stocks

Benchmark indexes had a positive finish to the trading day on Thursday, with the Sensex closing at a level of 72,500.30, up 0.27 per cent, and the Nifty closing at 21,982.80, up 0.14 per cent. In a similar vein, the Broader market saw modest increases as well. Nifty Small-Cap surged by 0.64 per cent, while Nifty Mid-Cap finished higher by 0.51 per cent.

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The India VIX, which measures market volatility, has decreased by 4.64 per cent, indicating a fall in market volatility.

Top 3 price-volume breakout stocks

Infibeam Avenues Ltd: The stock of Infibeam Avenues Ltd had a bullish day, indicated by the Bullish Engulfing candlestick pattern. It also experienced a breakout in price volume, suggesting increased buying interest. The Symmetric Triangle formation hints at a potential continuation of the uptrend. However, the stock might be facing resistance at its 52-week high price level. The Relative Strength Index (RSI) is at 60.14, indicating bullish momentum but not yet in overbought territory. Moreover, the stock is bouncing from its 20-Day Exponential Moving Average (EMA), a positive sign. The significant spike in volume further confirms the bullish sentiment.

NSE:INFIBEAM Chart Image by prajwalwakhare

Allcargo Logistics Ltd: Allcargo Logistics Ltd is currently trading above its 200-day Exponential Moving Average (EMA), indicating a bullish trend in the long term. Despite not trending strongly, there is a notable spike in volumes, suggesting increased market activity. However, the stock is currently below its resistance level and trading under long-term consolidation. The RSI at 59.08 indicates moderate bullish momentum. The sudden surge in volume is worth noting, possibly signaling a potential change in trend.

NSE:ALLCARGO Chart Image by prajwalwakhare

Hindustan Copper Ltd: Hindustan Copper Ltd demonstrated a strong movement today, rebounding from its 50-day Exponential Moving Average (EMA). A base formation suggests a potential shift from bearish to bullish sentiment. The RSI at 54.09 indicates moderate bullish momentum. Additionally, there was a breakout in price volume, indicating increasing buying interest. The significant spike in volume further supports the upside potential of the stock.

NSE:HINDCOPPER Chart Image by prajwalwakhare

The following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Price

Volume

1

Infibeam Incorporation Limited

36.75

9,07,99,970

2

Allcargo Logistics Limited

85.25

3,50,41,300

3

Hindustan Copper Limited

269.8

2,39,83,103

4

Indiabulls Real Estate Limited

119.45

1,99,43,862

5

Paisalo Digital Ltd

184.35

1,54,26,258

6

Rico Auto Industries Limited

103.25

1,16,96,973

7

Lloyds Engineering Works Ltd

58.55

1,01,02,723

8

GMR Power & Urban Infra Ltd

52.25

84,00,211

9

Castrol India Limited

208.4

82,94,648

10

Berger Paints Limited

606.7

80,45,330

Disclaimer: The article is for informational purposes only and not investment advice.

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