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 positive note as Sensex declined by 0.35 per cent and closed at 77,209.90 level, while Nifty plunged by 0.47 per cent and closed at 23,501.10 level. Similarly, the Broader market also experienced losses as Nifty Midcap closed lower by 0.18 per cent, while Nifty Smallcap plunged by 0.24 per cent.
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Market volatility, as indicated by India VIX, has declined by 1.03 per cent and is trading around the level of 13 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Indian Renewable Energy Development Agency Ltd: Indian Renewable Energy Development Agency Ltd is currently trading at Rs 190.1, up 7.10 per cent from the previous close of Rs 177.49. The stock's traded volume stands at 94.31 lakh shares. It has shown a remarkable 280.20 per cent return from its 52-week low of Rs 58.05. On Friday, it exhibited a price volume breakout with a significant volume spike, bouncing from its 50-day Exponential Moving Average (EMA). The Relative Strength Index (RSI) is at 58.05. The stock is near its 52-week high of Rs 214.8, indicating bullish momentum and potential for further upside.
Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd is trading at Rs 409.9, reflecting a 5.84 per cent increase from the previous close of Rs 387.3. With a traded volume of 75.45 lakh shares, it has surged 250.19 per cent from its 52-week low. The stock is approaching its 52-week high of Rs 425, suggesting a potential breakout. Friday's trading session saw a price volume breakout accompanied by a notable volume spike. The RSI stands at 69.58, indicating bullish momentum and investor interest.
Railtel Corporation of India Ltd: Railtel Corporation of India Ltd is priced at Rs 475.7, up 9.49 per cent from yesterday's closing of Rs 434.45, with a traded volume of 51.80 lakh shares. It has gained a substantial 286.75 per cent from its 52-week low. The stock is near its 52-week high of Rs 491.45, showing signs of a breakout. On Friday, it experienced a price volume breakout coupled with a significant increase in trading volume. The RSI is at 67.88, indicating strong bullish sentiment and potential upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
187.54
|
9,43,11,893
|
|
2
|
Rail Vikas Nigam Ltd
|
409.75
|
7,54,48,395
|
|
3
|
Railtel Corporation of India Ltd
|
476
|
5,18,06,735
|
|
4
|
Time Technoplast Ltd
|
337.3
|
1,70,88,645
|
|
5
|
Kalyan Jewellers India Ltd
|
453
|
1,68,05,454
|
|
6
|
Orient Paper & Industries Ltd
|
55.01
|
1,53,32,092
|
|
7
|
Alembic Ltd
|
111.06
|
1,29,60,113
|
|
8
|
Inox Green Energy Services Ltd
|
170.82
|
1,17,19,534
|
|
9
|
Navkar Corporation Ltd
|
114.62
|
97,69,215
|
|
10
|
Peninsula Land Ltd
|
73.35
|
93,08,984
|
Disclaimer: The article is for informational purposes only and not investment advice.