Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded trading day on a higher note as Sensex moderately gained by 0.27 per cent after making a new all-time high at 77,145.46 level, while Nifty gained by 0.33 per cent and made a record high at 23,481.05 level. Similarly, the Broader market also experienced gains as Nifty Mid-Cap closed significantly higher by 0.79 per cent and made a record high of 54,753.20 level, while Nifty Small-Cap soared by 0.67 per cent and reached its all-time high of 17,925.15 level.
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Market volatility, as indicated by India VIX, has declined by 7.23 per cent and is trading around the level of 13 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Shree Renuka Sugars Ltd: Shree Renuka Sugars Ltd saw a significant spike in trading volume, reaching 216,617,224 shares, indicating strong investor interest. The stock is currently trading at Rs 49.5, which is a notable 12.09% increase from its previous close of Rs 44.16. The price has shown a solid return of 35.43% from its 52-week low, and it remains close to its 52-week high of Rs 57.25. With a market cap of Rs 10,024.31 crore, the stock is experiencing a price volume breakout, and a volume spike suggests it is about to break out from the upper trendline, as shown in the chart. The RSI at 72.62 indicates the stock is in an overbought zone, suggesting caution but also signaling strong upward momentum.
Motherson Sumi Wiring India Ltd: Motherson Sumi Wiring India Ltd recorded a substantial traded volume of 41,475,778 shares, reflecting heightened market activity. The stock is currently trading at Rs 72.64, up 5.24% from its previous close of Rs 69.02. It is nearing its 52-week high breakout zone, with the 52-week high standing at Rs 74.8. The company has a market cap of Rs 32,035.28 crore and has delivered a robust return of 31.24% from its 52-week low. This price volume breakout and volume spike are indicative of strong upward momentum, with the RSI at 67.83 showing it is nearing overbought territory..
Dwarikesh Sugar Industries Ltd: Dwarikesh Sugar Industries Ltd experienced a significant volume spike, trading 19,114,268 shares, which supports its strong price movement. The stock is currently trading at Rs 78.55, up 5.17% from its previous close of Rs 74.69. It has demonstrated a 26.69% return from its 52-week low, with a 52-week high of Rs 109.8. The market cap stands at Rs 1,407.92 crore. The stock is experiencing a price volume breakout and has successfully broken out from a trendline, indicating strong bullish trends. The RSI at 79.4 shows the stock is nearly overbought.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Shree Renuka Sugars Ltd
|
49.3
|
21,66,04,559
|
|
2
|
Motherson Sumi Wiring India Ltd
|
72.62
|
4,14,54,543
|
|
3
|
Dwarikesh Sugar Industries Ltd
|
78.43
|
1,90,94,024
|
|
4
|
Jm Financial Ltd
|
84.37
|
1,77,00,109
|
|
5
|
One 97 Communications Ltd
|
428.05
|
1,64,53,161
|
|
6
|
Delta Corp Ltd
|
135.28
|
1,58,88,285
|
|
7
|
Reliance Infrastructure Ltd
|
203.15
|
1,27,10,793
|
|
8
|
The Andhra Sugars Ltd
|
124.4
|
1,11,09,447
|
|
9
|
K.m.sugar Mills Ltd
|
44.83
|
1,01,80,985
|
|
10
|
Bajaj Hindusthan Sugar Ltd
|
41.73
|
22,96,04,639
|
Disclaimer: The article is for informational purposes only and not investment advice.