Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day a negative note as Sensex declined by 0.04 per cent and closed at 79,441.46 level, while Nifty also slightly declined by 0.07 per cent and closed at 24,123.85 level. Similarly, the Broader market also experienced losses as Nifty Mid-Cap closed lower by 0.78 per cent, while Nifty Small-Cap plummeted by 0.45 per cent.
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Market volatility, as indicated by India VIX, has declined by 1.37 per cent and is trading around the level of 13 reflecting a slight decrease in market volatility.
Top 3 price-volume breakout stocks
Orient Paper and Industries Ltd: Orient Paper and Industries Ltd experienced a significant surge today, reaching a high of Rs 62.2 with a traded volume of approximately 4.86 crore shares. The stock is currently trading at Rs 60.39, showing a notable increase from the previous close of Rs 54.72, marking a 10.36% rise. The company achieved a new 52-week high at Rs 62.2, indicating a strong upward momentum. With a market cap of Rs 1305.70 crore, the stock has returned 50.98% from its 52-week low. The Relative Strength Index (RSI) stands at 71.9, suggesting the stock is currently overbought. The significant price volume breakout, along with the volume spike and 52-week high breakout.
TV18 Broadcast Ltd: TV18 Broadcast Ltd saw a robust movement today, hitting a high of Rs 45.68 with a traded volume of approximately 3.87 crore shares. The stock is currently trading at Rs 45.68, rising from the previous close of Rs 41.53, reflecting a 9.99% increase. Despite not reaching its 52-week high of Rs 68.7, the stock has shown a return of 22.96% from its 52-week low. With a market cap of Rs 7855.61 crore, TV18 Broadcast Ltd is in a price volume breakout with a significant volume spike and is considered a range/consolidation breakout candidate. The RSI is at 62.2, indicating a moderately overbought condition.
JK Paper Ltd: JK Paper Ltd demonstrated exceptional performance today, peaking at Rs 638.75 with a traded volume of approximately 3.62 crore shares. Currently trading at Rs 631.85, the stock has surged from the previous close of Rs 534.85, posting an 18.14% gain. Achieving a new all-time high at Rs 638.75, the stock has delivered a remarkable return of 106.22% from its 52-week low, qualifying it as a multibagger. The company’s market cap stands at Rs 10962.18 crore. The RSI at 71.25 suggests an overbought condition. The price volume breakout, volume spike, and all-time high breakout underscore a strong bullish sentiment for JK Paper Ltd.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Orient Paper & Industries Ltd
|
60.7
|
4,85,90,297
|
|
2
|
Tv18 Broadcast Ltd
|
45.55
|
3,86,53,840
|
|
3
|
Jk Paper Ltd
|
633.75
|
3,62,08,119
|
|
4
|
Nlc India Ltd
|
257.63
|
3,37,32,553
|
|
5
|
Dhani Services Ltd
|
58.02
|
2,85,07,664
|
|
6
|
DCX Systems Ltd
|
430.15
|
2,14,90,911
|
|
7
|
Firstsource Solutions Ltd
|
226.4
|
1,65,38,957
|
|
8
|
EPL Ltd
|
220.2
|
1,62,87,131
|
|
9
|
Refex Industries Ltd
|
211.27
|
1,36,72,013
|
|
10
|
Pudumjee Paper Products Ltd
|
132.36
|
84,63,158
|
Disclaimer: The article is for informational purposes only and not investment advice.