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.
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.
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.
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.