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 negative note as Sensex significantly declined by 0.89 per cent and closed at 74,502.90 level, while Nifty plunged by 0.8 per cent and closed at 22,704.70 level. Similarly, the Broader market experienced mixed performance as Nifty Mid-Cap closed lower by 0.32 per cent, while Nifty Small-Cap gained by 0.06 per cent.
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Market volatility, as indicated by India VIX, has slightly declined 0.08 per cent and is still trading above the level of 24 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
Cochin Shipyard Ltd: Cochin Shipyard Ltd is currently trading at Rs 2021, experiencing a significant volume spike with 13,452,819 shares traded. The stock has seen a percent change of 5.84 per cent from its previous close of Rs 1909.4. With a recent high of Rs 2030 and nearing its 52-week high of Rs 2100, the stock shows strong bullish momentum. The market cap stands at Rs 53,168.95 crore, reflecting the company’s robust position. The RSI is at a high 81.88, indicating the stock is overbought but remains in demand. Cochin Shipyard Ltd has delivered multibagger returns of 725.21 per cent over the past year. This performance suggests the potential for continued growth, driven by factors like strong Quarterly Results, positioning it as a super strong bullish stock after a pullback.
Mazagon Dock Shipbuilders Ltd: Mazagon Dock Shipbuilders Ltd is trading at Rs 3374, with a substantial volume of 9,455,928 shares, reflecting a price volume breakout. The stock has surged by 11.10 per cent from its previous close of Rs 3036.85, reaching an all-time high of Rs 3403.95. The market cap is a substantial Rs 67,675.39 crore. The RSI is 77.27, indicating the stock is approaching overbought levels but continues to gain momentum. The stock's bounce back from the 50-day EMA and recent all-time high breakout signals strong investor confidence. Over the past year, the stock has provided multibagger returns of 332.09 per cent. The impressive performance is supported by positive quarterly results.
Titagarh Rail Systems Ltd: Titagarh Rail Systems Ltd is currently trading at Rs 1399, witnessing a significant volume spike with 8,850,012 shares traded. The stock has jumped 11.43 per cent from its previous close of Rs 1255.55, hitting a new 52-week high of Rs 1413.2. The market cap stands at Rs 18,830.95 crore. The RSI is at 80.64, showing strong bullish sentiment and high investor interest. The stock has achieved multibagger returns of 292.18 per cent over the past year. This performance, marked by price volume breakout and 52-week high breakout, suggests strong future potential.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Cochin Shipyard
|
2018.05
|
1,34,52,819
|
|
2
|
Mazagon Dock Shipbuilders Ltd
|
3357.35
|
94,55,928
|
|
3
|
Titagarh Rail Systems Ltd
|
1399.3
|
88,50,012
|
|
4
|
Paras Defence and Space Technologies Ltd
|
945.6
|
83,95,115
|
|
5
|
Bharat Dynamics Ltd
|
1540.8
|
54,36,219
|
|
6
|
Eid Parry India Ltd
|
686.85
|
44,32,674
|
|
7
|
Arrow Greentech Ltd
|
594.65
|
11,87,567
|
|
8
|
Uno Minda Ltd
|
866.05
|
10,64,567
|
|
9
|
Grindwell Norton Ltd
|
2590.55
|
10,55,661
|
|
10
|
Johnson Controls-Hitachi Air Condition. India Ltd
|
1759.65
|
7,92,624
|
Disclaimer: The article is for informational purposes only and not investment advice.