Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded trading day on a lower note as Sensex moderately declined by 0.16 per cent and closed at 72,987.03 level, while Nifty also plunged by 0.08 per cent and closed at 22,200.55 level. Whereas the Broader market experienced significant gains as Nifty Mid-Cap closed higher by 0.96 per cent, while Nifty Small-Cap soared by 0.58 per cent.
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Market volatility, as indicated by India VIX, has slightly surged by 0.38 per cent, reflecting slight increase in market volatility.
Top 3 price-volume breakout stocks
ITI Ltd: ITI Ltd is currently trading at Rs 312.8, with a significant increase of 9.52 per cent from the previous close of Rs 285.6. The stock experienced a price volume breakout and a notable volume spike, indicating strong buying interest. The Relative Strength Index (RSI) stands at 65.09, suggesting bullish momentum. Additionally, the stock is bouncing from the 200-day Exponential Moving Average (EMA), signaling further upward potential. With a market cap of Rs 30113.63 crore and impressive 1-year returns of 196.08 per cent, ITI Ltd is demonstrating robust performance.
Edelweiss Financial Services Ltd: Edelweiss Financial Services Ltd is currently trading at Rs 78.5, marking a 5.23 per cent increase from the previous close of Rs 74.6. The stock witnessed a price volume breakout accompanied by a notable volume spike, indicating increased investor activity. The RSI at 57.81 and the bounce from the 50-day EMA further support the bullish sentiment. With a market cap of Rs 7056.94 crore and a 1-year return of 115.30 per cent, Edelweiss Financial Services Ltd is showing strength. This move may be influenced by positive Quarterly Results.
Bombay Dyeing and Mfg Co Ltd: Bombay Dyeing and Mfg Co Ltd is currently trading at Rs 185.6, reflecting an 11.30 per cent increase from the previous close of Rs 166.75. The stock observed a price volume breakout coupled with a significant volume spike, indicating strong buying interest. The RSI at 64.64 and trading near the 52-week high suggest bullish momentum. With a market cap of Rs 3823.08 crore and a 1-year return of 113.39 per cent, Bombay Dyeing is displaying resilience.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Iti Ltd
|
313.55
|
3,72,04,737
|
|
2
|
Edelweiss Financial Services Ltd
|
78.6
|
2,07,87,379
|
|
3
|
Bombay Dyeing & Mfg Company Ltd
|
184.8
|
1,21,25,418
|
|
4
|
Paradeep Phosphates Ltd
|
71.8
|
1,12,14,923
|
|
5
|
CG Power and Industrial Solutions Ltd
|
641.5
|
94,24,813
|
|
6
|
Shipping Corporation Of India Ltd
|
224.5
|
79,22,750
|
|
7
|
Life Insurance Corporation of India
|
990
|
76,37,335
|
|
8
|
D-link (india) Ltd
|
437.95
|
70,34,156
|
|
9
|
Virinchi Ltd
|
39.9
|
51,28,527
|
|
10
|
Kec International Ltd
|
760.75
|
43,22,001
|
Disclaimer: The article is for informational purposes only and not investment advice