Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.83 per cent and closed at 73,088.33 level, while Nifty also gained by 0.7 per cent and closed at 22,149.80 level. Whereas the Broader market experienced underperformance as Nifty Mid-Cap closed moderately lower by 0.61 per cent, while Nifty Small-Cap marginally declined by 0.14 per cent.
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Market volatility, as indicated by India VIX, has surged by 3.2 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Yes Bank Ltd (Rs 24.1): Today, Yes Bank saw a steady opening at Rs 23.9, maintaining its previous close. There was a minor fluctuation in price, with a negligible change. However, despite the stability, the stock showcased some interesting technical signals. The trading volume was significant, standing at 227,501,864 shares. This indicates considerable investor interest. Additionally, the Relative Strength Index (RSI) is at 47.17, suggesting a balanced buying and selling pressure. The stock is currently trading near a minor support level, indicating potential stability in the short term.
Solara Active Pharma Sciences Ltd (Rs 549): Solara Active Pharma Sciences started the day with a significant surge, opening at Rs 549, marking a substantial 15.87 per cent increase from its previous close of Rs 473.8. This surge was accompanied by a notable increase in trading volume, reaching 6,454,379 shares. Such a surge in both price and volume indicates strong investor interest and buying momentum. Additionally, the stock witnessed a golden crossover a few months back, indicating a bullish trend. The RSI stands at 75.10, signifying overbought conditions but also indicating strong momentum. Notably, Solara has broken its 52-week high today, suggesting a potential continuation of the upward trend.
Morepen Laboratories Ltd (Rs 49.75): Morepen Laboratories exhibited a strong performance today, with its opening price at Rs 49.4, marking a 6.01 per cent increase from its previous close of Rs 46.6. This upward movement was accompanied by a significant increase in trading volume, reaching 8,190,384 shares. Such a surge in both price and volume indicates strong buying interest and positive investor sentiment. Additionally, the stock had earlier bounced from its 200-day Exponential Moving Average (EMA), indicating a bullish trend. The RSI stands at 59.86, suggesting moderate overbought conditions but also indicating potential for further upside. However, Morepen Laboratories is currently trading near a resistance level, which may pose a challenge for further upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
K.m.sugar Mills Limited
|
42.45
|
2,72,43,897
|
|
2
|
TVS Supply Chain Solutions Ltd
|
180.6
|
1,60,84,788
|
|
3
|
Morepen Laboratories Limited
|
49.05
|
82,01,442
|
|
4
|
Solara Active Pharma Sciences Ltd
|
551.75
|
64,54,386
|
|
5
|
BAJEL
|
258.8
|
54,51,354
|
|
6
|
Elecon Engineering Company Limited
|
1166.25
|
26,61,426
|
|
7
|
Kaveri Seed Company Limited
|
756.8
|
23,54,908
|
|
8
|
IRMENERGY
|
559
|
21,25,629
|
|
9
|
Satia Industries Ltd
|
120.75
|
20,40,402
|
|
10
|
Adf Foods Limited
|
215.5
|
17,61,454
|
Disclaimer: The article is for informational purposes only and not investment advice.