Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex marginally gained by 0.12 per cent and closed at 73,738.46 level, while Nifty also gained by 0.14 per cent and closed at 22,368 level. Similarly, the Broader market experienced outperformance as the Nifty Midcap closed substantially higher by 1.12 per cent, while Nifty Smallcap significantly gained by 1.21 per cent.
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Market volatility, as indicated by India VIX, has declined by 19.72 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
NBCC (India) Ltd: Today, NBCC (India) Ltd saw its stock price surge to a high of Rs 136.7 with a substantial traded volume of 32,113,418 shares. The stock is currently trading at Rs 133.7, up by 6.79 per cent from its previous close of Rs 125.2. This positive movement is marked by a price volume breakout and a notable volume spike, indicating strong buying interest. The stock is bouncing from its 50-day EMA and is currently positioned well for a continuing uptrend, with minor resistance levels upcoming at Rs 140 and Rs 150. With an RSI of 58.67 and trading above its 50-day EMA.
Aditya Birla Fashion and Retail Ltd: Aditya Birla Fashion and Retail Ltd experienced a significant price jump today, with its shares reaching a high of Rs 273.2 on a traded volume of 31,008,521. Currently, the stock is trading at Rs 263, marking a 9.24 per cent increase from the previous close of Rs 240.75. This movement comes with a price volume breakout and a volume spike, supported by a bounce back from the 50-day EMA. The stock has touched its 52-week high today, powered by strong buying momentum. The RSI stands high at 74.23, indicating possible overbought conditions but the momentum is strong.
Indiabulls Real Estate Ltd: Indiabulls Real Estate Ltd showed impressive trading activity today with its stock price peaking at Rs 144.7 and a trading volume of 28,508,102. The stock is currently trading at Rs 143.35, up 6.82 per cent from the previous closing price of Rs 134.2. Today's price movement includes a price volume breakout and a volume spike. The stock is making a strong recovery and is bouncing back from support levels, poised to break through its 52-day EMA. With an RSI of 65.48, the stock shows healthy momentum.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Tata Teleservices (maharashtra) Limited
|
84.9
|
4,75,71,362
|
|
2
|
Nbcc (india) Limited
|
134.25
|
3,21,13,418
|
|
3
|
Aditya Birla Fashion And Retail Limited
|
263.5
|
3,10,08,521
|
|
4
|
Indiabulls Real Estate Limited
|
143.45
|
2,85,13,378
|
|
5
|
IFCI Limited
|
46.1
|
2,77,66,452
|
|
6
|
Aditya Birla Capital Ltd
|
216.85
|
2,71,44,053
|
|
7
|
Cochin Shipyard
|
1251.95
|
1,70,53,747
|
|
8
|
Moil Limited
|
378.95
|
1,53,91,103
|
|
9
|
Amara Raja Energy & Mobility Ltd
|
1160.2
|
1,43,37,929
|
|
10
|
Tejas Networks
|
1088.25
|
1,19,97,785
|
Disclaimer: The article is for informational purposes only and not investment advice.