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 higher note as Sensex moderately gained by 0.24 per cent closing at 77,992.78 level, while Nifty gained by 0.29 per cent and closed at 23,465.60 level. Similarly, the Broader market also experienced substantial gains as Nifty Mid-Cap closed significantly higher by 1.05 per cent and made a record high of 55,270.95 level, while Nifty Small-Cap soared by 0.76 per cent and reached its all-time high of 18,043.60 level.
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Market volatility, as indicated by India VIX, has declined by 4.93 per cent and is trading around the level of 12 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Sakuma Exports Ltd: On Friday, Sakuma Exports closed at Rs 34.06, up 16.84 per cent from its previous close of Rs 29.15. With a traded volume of 4.37 crore shares, the stock is currently trading near its 52-week high of Rs 37.65. Sakuma Exports has shown a remarkable return of 160.00 per cent from its 52-week low, indicating strong bullish momentum. The Relative Strength Index (RSI) stands at 63.34, suggesting the stock is neither overbought nor oversold. Friday's trading signals include price volume breakout and bouncing from the 50-day Exponential Moving Average (EMA), which are bullish signs.
Subex Ltd: On Friday, Subex Ltd closed at Rs 31.26, showing a 6.69 per cent increase from its previous close of Rs 29.3, with a trading volume of 3.23 crore shares. The stock has returned 38.93 per cent from its 52-week low and is currently trading below its 52-week high of Rs 45.8. The RSI is at 62.22, indicating a strong bullish trend. Friday's analysis highlights a price volume breakout and crossing above the 50-day EMA, suggesting further upside potential.
Paras Defence and Space Technologies Ltd: Paras Defence closed at Rs 1156.9, up 20.00 per cent from its previous close of Rs 964.1, with a traded volume of 1.47 crore shares. The stock is trading at its 52-week high of Rs 1156.9 and has delivered multibagger returns of 110.25 per cent from its 52-week low. The RSI is strong at 78.94, indicating the stock is in overbought territory. Friday's analysis points to a price volume breakout and a volume spike, underlining bullish momentum.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Sakuma Exports Ltd
|
34.04
|
4,37,21,760
|
|
2
|
Subex Ltd
|
31.2
|
3,23,02,343
|
|
3
|
Paras Defence and Space Technologies Ltd
|
1156.9
|
1,46,68,392
|
|
4
|
Himachal Futuristic Communications Ltd
|
117.95
|
10,07,24,538
|
|
5
|
Morepen Laboratories Ltd
|
56.12
|
3,53,87,939
|
|
6
|
Jk Paper Ltd
|
490.8
|
1,47,37,505
|
|
7
|
Mazagon Dock Shipbuilders Ltd
|
3877.55
|
1,39,89,472
|
|
8
|
K.m.sugar Mills Ltd
|
48.07
|
1,28,55,953
|
|
9
|
Life Insurance Corporation of India
|
1066.85
|
1,24,99,063
|
|
10
|
Cochin Shipyard
|
2122.35
|
1,20,77,353
|
Disclaimer: The article is for informational purposes only and not investment advice.