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 positive note on Monday. The Sensex closed at 73,872.29, a 0.09 per cent increase, while the Nifty saw a 0.12 per cent gain, concluding at 22,405.60. In contrast, the Broader market had a mixed result, with Nifty Mid-Cap closing 0.19 per cent higher and Nifty Small-Cap down 0.51 per cent.
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The India VIX, which measures market volatility, has decreased by 0.47 percent, indicating a marginal fall in market volatility.
Top 3 price-volume breakout stocks
Bharat Heavy Electricals Ltd (BHEL) saw a significant price movement today, with the stock reaching a high of Rs 275.85, up from its previous close of Rs 235.9. This represents a notable increase of 12.40%. BHEL is currently trading at Rs 265.15, indicating strong momentum in today's session. Additionally, the Relative Strength Index (RSI) stands at 75.31, suggesting that the stock may be overbought. However, investors should keep an eye on the volume, as a spike could indicate increased buying or selling pressure.
Oil India Ltd experienced a breakout from its 52-week high, with the stock reaching a high of Rs 639.2. This breakout was accompanied by a flag pattern breakout and a notable increase in volume. The RSI is at 70.64, indicating bullish momentum, and the prior base pattern breakout resulted in significant gains of 86.06%. Investors should monitor the volume closely for further confirmation of the breakout.
Moil Ltd witnessed a price volume breakout, with the stock reaching a high of Rs 313.4. However, it is currently facing selling pressure, as indicated by the resistance at Rs 366.35. The RSI is at 52.56, suggesting a neutral sentiment. Nevertheless, the stock is bouncing from support levels, and a spike in volume indicates increased trading activity. Investors should watch for further price movements and monitor the support and resistance levels closely.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Bharat Heavy Electricals Limited
|
264.55
|
24,62,46,357
|
|
2
|
Oil India Limited
|
624.9
|
1,65,21,512
|
|
3
|
Moil Limited
|
299.65
|
1,30,84,492
|
|
4
|
Gp Petroleums Limited
|
84.85
|
99,44,878
|
|
5
|
Td Power Systems Limited
|
329
|
54,72,481
|
|
6
|
Sms Pharmaceuticals Limited
|
165.7
|
51,36,039
|
|
7
|
Triveni Engineering & Industries Limited
|
353.85
|
45,11,586
|
|
8
|
Zaggle Prepaid Ocean Services Ltd
|
380.4
|
35,03,907
|
|
9
|
Aries Agro Limited
|
315.15
|
31,20,598
|
|
10
|
Pnc Infratech Limited
|
463.2
|
23,99,332
|
Disclaimer: The article is for informational purposes only and not investment advice.