Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded trading day on a negative note as Sensex marginally declined by 0.01 per cent and closed at 75,410.39 level, while Nifty plunged by 0.05 per cent and closed at 22,957.10 level. Similarly, the Broader market also experienced negative performance as Nifty Mid-Cap closed slightly higher by 0.01 per cent, while Nifty Small-Cap plunged by 0.17 per cent.
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Market volatility, as indicated by India VIX, has slightly declined 1.92 per cent and is trading above the level of 21 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
Power Finance Corporation Ltd: Power Finance Corporation Ltd reached a high of Rs 499.4 on Friday, trading with a volume of 33,498,606 shares. Currently trading at Rs 492.55, up from its previous close of Rs 467.25, it has surged by 5.41 per cent. The stock is near its 52-week high of Rs 499.4 and has a market cap of Rs 162,232.01 crore. The one-year return for this stock is an impressive 269.82 per cent, highlighting its status as a multibagger. The recent price-volume breakout and volume spike, with an RSI of 68.51, indicate strong bullish momentum. This upward move is further supported by the latest Quarterly Results, reflecting the company's robust financial health.
Rashtriya Chemicals and Fertilizers Ltd: Rashtriya Chemicals and Fertilizers Ltd peaked at Rs 161.95 on Friday, with 25,660,475 shares changing hands. The stock is currently trading at Rs 157.5, compared to its previous close of Rs 147.7, marking a 6.64 per cent increase. Although the 52-week high is Rs 190, the market cap stands at Rs 8,684.04 crore. Over the past year, it has delivered a return of 51.20 per cent. The stock is experiencing a price-volume breakout with a significant volume spike and an RSI of 63.75, suggesting potential further gains. It is considered a base breakout candidate.
National Fertilizers Limited: National Fertilizers Limited saw a high of Rs 109.6 on Friday, with a trading volume of 19,722,952 shares. It is currently trading at Rs 106.3, up from the previous close of Rs 100.6, reflecting a 5.67 per cent rise. The 52-week high for the stock is Rs 130.5, and its market cap is Rs 5,217.51 crore. With a one-year return of 51.50 per cent, the stock has demonstrated solid growth. The price-volume breakout, accompanied by a volume spike and an RSI of 61.87, marks it as a base breakout candidate.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Power Finance Corporation Ltd
|
491.65
|
3,34,98,606
|
|
2
|
Rashtriya Chemicals And Fertilizers Ltd
|
157.25
|
2,56,61,275
|
|
3
|
National Fertilizers Ltd
|
106.35
|
1,97,23,495
|
|
4
|
RattanIndia Enterprises Ltd
|
81.65
|
1,60,76,372
|
|
5
|
Paras Defence and Space Technologies Ltd
|
859.15
|
83,16,449
|
|
6
|
Finolex Cables Ltd
|
1282.6
|
76,52,243
|
|
7
|
Niit Ltd
|
107.4
|
66,58,227
|
|
8
|
Den Networks Ltd
|
53.2
|
64,92,413
|
|
9
|
Arihant Capital Markets Ltd
|
71.05
|
61,83,429
|
|
10
|
Amara Raja Energy & Mobility Ltd
|
1210.15
|
57,02,051
|
Disclaimer: The article is for informational purposes only and not investment advice.