Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Top 3 price-volume breakout stocks

On Wednesday, Benchmark indices concluded the trading day on a mixed note as Sensex gained by 0.05 per cent and closed at 77,337.60 level, while Nifty declined by 0.15 per cent closed at 23,516 level. Whereas the Broader market also experienced substantial declines as Nifty Mid-Cap closed significantly lower by 0.99 per cent, while Nifty Small-Cap plunged by 0.47 per cent. Furthermore Nifty Bank significantly surged by 1.9 per cent and record a new-all time high at the 51,398.05 level.

Market volatility, as indicated by India VIX, has surged by 6 per cent and is trading around the level of 13 reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Shree Renuka Sugars Ltd: Today, Shree Renuka Sugars is trading at Rs 51.36, up by 7.43per cent from the previous close of Rs 47.81. The stock has shown significant trading volume of 138.12 crore shares, valued at approximately Rs 71,812.18 crore. Its market cap stands at Rs 10,906.56 crore. With returns of 40.52per cent from its 52-week low and an RSI of 72.06, the stock indicates bullish momentum. Technical indicators like price volume breakout, volume spike, and trendline breakout suggest a strong upward movement.

Zomato Ltd: Zomato is currently trading at Rs 198, reflecting a 4.98per cent increase from the previous close of Rs 188.61. The stock saw a trading volume of 112.27 crore shares, equivalent to Rs 1,72,526.51 crore. Zomato has a market cap of Rs 1,72,526.51 crore and has returned 172.92per cent from its 52-week low, categorizing it as a potential multibagger. With an RSI of 64.08 and technical signals such as price volume breakout and nearing the 52-week high, the stock shows strong bullish sentiment.

Bajaj Hindusthan Sugar Ltd: Bajaj Hindusthan Sugar is currently priced at Rs 42.61, up by 5.65per cent from the previous close of Rs 40.33. It traded 84.13 crore shares, amounting to Rs 5,438.05 crore. The company's market cap is Rs 5,438.05 crore, with returns of 176.69per cent from its 52-week low, indicating a multibagger potential. The stock has an RSI of 71.92 and shows technical signals such as price volume breakout, volume spike, and 52-week high breakout, suggesting strong bullish trends.

The following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.