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 positive note as Sensex gained by 0.18 per cent and closed at 77,478.93 level, while Nifty gained by 0.22 per cent closed at 23,567 level. Similarly, the Broader market also experienced substantial gains as Nifty Midcap closed significantly higher by 0.95 per cent, while Nifty Smallcap surged by 0.61 per cent.

Market volatility, as indicated by India VIX, has declined by 2.48 per cent and is trading around the level of 13 reflecting a decrease in market volatility.

Top 3 price-volume breakout stocks

Rashtriya Chemicals and Fertilizers Ltd: Rashtriya Chemicals and Fertilizers Ltd hit a new 52-week high at Rs 222.26, with a massive traded volume of 14.39 crores, indicating a significant interest from traders. Currently trading at Rs 222.26, the stock shows a sharp 20 per cent rise from its previous close of Rs 185.22. This breakout suggests strong bullish momentum, further supported by an impressive market cap of Rs 12,270.96 crore. The stock has delivered multibagger returns, skyrocketing 111.17 per cent from its 52-week low, making it an attractive pick for investors. The RSI at 80.16 signals that the stock is in overbought territory, but the combination of volume spike and price breakout signifies strong demand.

National Fertilizers Limited: National Fertilizers Limited has reached a 52-week high of Rs 151.09 with a substantial traded volume of 11.33 crores. The stock is currently trading at Rs 151.09, marking a robust 20 per cent increase from its previous close of Rs 125.91. This price surge, along with a market cap of Rs 7,408.99 crore, highlights the stock's strong performance. With a phenomenal 132.27 per cent return from its 52-week low, National Fertilizers Limited has also delivered multibagger returns. The RSI at 82.2 suggests the stock is overbought, but the significant volume spike and breakout confirm the bullish trend.

Indiabulls Real Estate Ltd: Indiabulls Real Estate Ltd peaked at Rs 161 and is currently trading at Rs 154.84, following a traded volume of 8.78 crores. The stock experienced a notable 13.09 per cent rise from its previous close of Rs 136.92. With a market cap of Rs 9,827.21 crore and a remarkable 166.74 per cent return from its 52-week low, the stock stands out as a strong performer with multibagger returns. The RSI at 70.25 indicates it is nearing overbought levels. However, the combination of price volume breakout and a significant volume spike points to continued bullish momentum.

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

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