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 on a positive note as Sensex gained by 0.49 per cent and closed above the 80,300 mark, while Nifty gained by 0.46 per cent and closed above 24,400 level. Similarly, the Broader market experienced gains as the Nifty Mid-Cap closed higher by 0.33 per cent, while the Nifty Small-Cap surged by 0.26 per cent.

Market volatility, as indicated by India VIX, has gained by 3.38 per cent and is trading above the level of 14 reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Mangalore Refinery and Petrochemicals Ltd: Mangalore Refinery and Petrochemicals Ltd is currently trading at Rs 234.5, up from the previous close of Rs 218.88, showing a 7.14 per cent increase. The stock saw a high of Rs 244.53 with a significant traded volume of 5.53 crores. With a market cap of Rs 40,862.48 crores, the stock has delivered multibagger returns of 192.21 per cent from its 52-week low. The RSI stands at 65.99, indicating that the stock is approaching overbought territory. The price volume breakout, volume spike, and base breakout suggest strong buying interest and potential for further gains.

Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd is currently trading at Rs 86.5, up from the previous close of Rs 78.29, reflecting a 10.49 per cent increase. The stock reached a high of Rs 88.55, with a traded volume of 4.27 crores. With a market cap of Rs 9,832.79 crores, it has shown multibagger returns of 240.69 per cent from its 52-week low. The RSI at 77.28 indicates the stock is in overbought territory. The price volume breakout, volume spike, and 52-week high breakout point to strong bullish momentum and continued upward movement.

CESC Ltd: CESC Ltd is currently trading at Rs 182.5, up from the previous close of Rs 172.07, marking a 6.06 per cent rise. The stock hit a high of Rs 189.04, with a traded volume of 4.00 crores. With a market cap of Rs 24,121.06 crores, the stock has achieved multibagger returns of 145.63 per cent from its 52-week low. The RSI at 75.7 suggests the stock is overbought. The price volume breakout, volume spike, and 52-week high breakout indicate strong demand and the likelihood of continued price appreciation.

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

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