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

Top 3 price-volume breakout stocks

On Thursday, Benchmark indices concluded the trading day a positive note as Sensex gained by 0.08 per cent and made a record high at 80,392.64 level, while Nifty also surged by 0.06 per cent and also made a new all-time high at 24,401 level. Similarly, the Broader market also experienced gains as Nifty Midcap closed higher by 0.58 per cent making a new record high at 56,711.25 level, while Nifty Smallcap soared by 0.49 per cent and reached its all-time high at 18,827.35 level.

Market volatility, as indicated by India VIX, has declined by 2.65 per cent and is trading below the level of 13 reflecting a slight decrease in market volatility.

Top 3 price-volume breakout stocks

NBCC (India) Ltd: NBCC (India) Ltd experienced a strong surge, hitting a high of Rs 189.9 with a significant volume of 14.46 crore shares traded, signaling robust investor interest. The stock is currently trading at Rs 186.5, up from the previous close of Rs 169.03, marking a notable 10.34 per cent increase. With a market cap of Rs 33,666.94 crore and achieving multibagger returns of 379.43 per cent from its 52-week low, the stock has reached a new 52-week high, indicating bullish momentum. The RSI of 75.22 suggests that the stock might be overbought, and investors should exercise caution.

Housing And Urban Development Corp Ltd: Housing And Urban Development Corp Ltd saw a bullish breakout, reaching a high of Rs 327.8 with a trading volume of 9.03 crore shares, indicating strong buying interest. The stock is currently trading at Rs 323.7, a 7.20 per cent increase from the previous close of Rs 301.95. With a market cap of Rs 65,086.45 crore, the stock has delivered multibagger returns of 464.43 per cent from its 52-week low. This impressive performance, coupled with a 52-week high breakout, underscores the stock's strong upward momentum. However, with an RSI of 73.9, the stock appears to be approaching overbought territory.

Inox Wind Ltd: Inox Wind Ltd showed a strong performance, with a high of Rs 164 and a significant volume of 8.44 crore shares traded, indicating strong investor interest. The stock is currently trading at Rs 157.15, up by 10.30 per cent from the previous close of Rs 142.48. The company has a market cap of Rs 20,242.67 crore and has delivered substantial returns of 288.99 per cent from its 52-week low. Approaching its 52-week high of Rs 177, the stock's price volume breakout indicates bullish sentiment. With an RSI of 62.98, the stock is in a healthy range, suggesting that it still has room to grow before reaching overbought conditions.

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

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