Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipped by 0.91 percent to 80,604.65, while the Nifty dropped by 1.09 percent to 24,530.90. Furthermore, the broader market experienced declines, with the Nifty Mid-Cap closing down by 2.11 per cent and the Nifty Small-Cap falling by 2.29 per cent.
Market volatility, as indicated by India VIX, has rallied by 2.17 per cent, closing below 15 this is reflecting an increase 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 274, up by 6.45 per cent from its previous close of Rs 257.4. The stock reached a high of Rs 279 on Friday, with a traded volume of 10.77 crores. Notably, it has a market cap of Rs 73,088.40 crore and has delivered multibagger returns, surging 448.00 per cent from its 52-week low. With the stock close to its 52-week high of Rs 310, it shows a price volume breakout, a volume spike, and is currently experiencing a pullback. The RSI stands at 67.64, indicating that the stock is approaching overbought territory.
North Eastern Carrying Corporation Ltd: North Eastern Carrying Corporation Ltd is currently trading at Rs 35.95, marking a significant 14.38 per cent increase from its previous close of Rs 31.43. The stock hit a high of Rs 37.3 today, with a traded volume of 1.75 crore. The market cap stands at Rs 343.05 crore. It has delivered a remarkable return of 99.17 per cent from its 52-week low. The stock experienced a price volume breakout and a volume spike, touching its 52-week high of Rs 37.4. The RSI is at 78.25, indicating that the stock is in overbought territory.
Navkar Corporation Ltd: Navkar Corporation Ltd is trading at Rs 128.9, showing a 9.86 per cent increase from its previous close of Rs 117.33. The stock reached a high of Rs 130.75 on Friday, with a traded volume of 1.04 crore. It has a market cap of Rs 1,940.19 crore. The stock has yielded multibagger returns, rising 131.63 per cent from its 52-week low, and touched its 52-week high of Rs 130.77. It demonstrates a price volume breakout and a volume spike. The RSI is at 68.47, indicating strong momentum but approaching overbought levels.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Indian Renewable Energy Development Agency Ltd
|
272.1
|
10,77,29,154
|
|
2
|
North Eastern Carrying Corporation Limited
|
35.97
|
1,74,73,515
|
|
3
|
Navkar Corporation Limited
|
128.99
|
1,04,35,972
|
|
4
|
Electrosteel Castings Limited
|
200.82
|
64,01,525
|
|
5
|
Krebs Biochemicals And Industries Limited
|
110.88
|
45,65,832
|
|
6
|
Capital Trust Ltd.
|
127.19
|
23,83,476
|
|
7
|
Sagardeep Alloys Ltd
|
36.37
|
11,94,715
|
|
8
|
Orchid Pharma Ltd
|
1298.05
|
10,86,070
|
|
9
|
Vst Industries Limited
|
4573.1
|
6,96,224
|
|
10
|
Khaitan Chemicals & Fertilizers Ltd
|
80
|
6,26,924
|
Disclaimer: The article is for informational purposes only and not investment advice.