Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the last trading day of the week on a positive note as Sensex surged by 0.78 per cent and reached its new all-time high at 80,893.51 level, while Nifty soared by 0.77 per cent and reached its record high at 24,592.20 level. Similarly, the Broader market experienced gains as Nifty Mid-Cap closed higher by 0.04 per cent, while Nifty Small-Cap surged by 0.16 per cent.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Market volatility, as indicated by India VIX, has declined by 1.93 per cent and is trading below the level of 14 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd (IRFC) saw a significant price increase on Friday, reaching Rs 216.4 from the previous close of Rs 205.98, marking a 5.06 per cent rise. With a high of Rs 224.4, the stock is trading near its 52-week peak. The traded volume of 300.61 crore shares indicates strong investor interest. IRFC's market cap stands at Rs 284,127.54 crore. The stock has shown a remarkable 568.93 per cent return from its 52-week low, suggesting multibagger potential. The Relative Strength Index (RSI) at 77.49 indicates overbought conditions, suggesting caution despite the bullish momentum.
IFCI Ltd: On Friday, IFCI Ltd recorded a notable price increase, rising to Rs 69.74 from the previous close of Rs 62.09, a gain of 12.32 per cent. The stock touched a high of Rs 72, approaching its 52-week peak. The traded volume stands at 200.60 crore shares, reflecting robust trading activity. IFCI's market cap is Rs 18,201.73 crore. It has delivered a substantial 469.31 per cent return from its 52-week low, indicating strong bullish momentum. The RSI at 67.11 suggests bullish sentiment persists, supported by price volume breakout and significant volume spike.
Ircon International Ltd: Ircon International Ltd saw its stock price rise to Rs 336.75 from the previous close of Rs 319.9, marking a 5.27 per cent increase. With a high of Rs 349.45, the stock is close to its 52-week peak. Traded volume of 87.66 lakh shares underscores moderate investor interest. Ircon's market cap is Rs 31,671.36 crore. It has shown a noteworthy 326.27 per cent return from its 52-week low. The RSI at 74.08 indicates strong buying momentum, with a 52-week high breakout.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Railway Finance Corporation Ltd
|
217.43
|
30,06,09,460
|
|
2
|
Ifci Ltd
|
69.57
|
20,05,99,767
|
|
3
|
Ircon International Ltd
|
336.8
|
8,76,55,276
|
|
4
|
Railtel Corporation of India Ltd
|
596.9
|
7,68,81,571
|
|
5
|
Inox Wind Ltd
|
171.75
|
4,62,09,799
|
|
6
|
Zee Entertainment Enterprises Ltd
|
155.5
|
4,53,65,001
|
|
7
|
Mahanagar Telephone Nigam Ltd
|
46.19
|
4,31,41,281
|
|
8
|
Kamdhenu Ventures Ltd
|
40.37
|
3,30,29,501
|
|
9
|
Oil India Ltd
|
614.45
|
2,89,89,089
|
|
10
|
Manappuram Finance Ltd
|
224.23
|
2,52,25,636
|
Disclaimer: The article is for informational purposes only and not investment advice.