Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipped by 0.35 per cent to 80,148.89, while the Nifty dropped by 0.27 per cent to 24,413.50. Furthermore, the broader market experienced a soared, with the Nifty Mid-Cap closing up by 1.04 per cent and the Nifty Small-Cap rallied by 1.76 per cent.
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Market volatility, as indicated by India VIX, has reduced by 7.73 per cent, closing below 12 this is reflecting an decrease in market volatility.
Top 3 price-volume breakout stocks
Hindustan Construction Company Ltd: Hindustan Construction Company Ltd achieved a high of Rs 55.4 today, marking a new 52-week high with a significant traded volume of 19.88 crore shares. The stock is currently trading at Rs 54.52, up from the previous close of Rs 47.55, resulting in a substantial 14.66 per cent increase. The company's market cap stands at Rs 9213.69 crore. With returns from the 52-week low at an impressive 206.12 per cent, this stock has delivered multibagger returns. Today's price-volume breakout and volume spike indicate strong market interest and momentum, reflected in an RSI of 67.71.
IFCI Ltd: IFCI Ltd reached a new 52-week high of Rs 83.95 today, with a massive traded volume of 16.11 crore shares. Currently trading at Rs 83.95, up from the previous close of Rs 69.96, the stock has surged by 20 per cent. With a market cap of Rs 21960.30 crore, the stock has delivered extraordinary multibagger returns of 568.92 per cent from its 52-week low. The significant price-volume breakout and volume spike reflect strong investor confidence and buying pressure. The RSI at 71.85 indicates overbought conditions.
IDBI Bank Ltd: IDBI Bank Ltd touched a high of Rs 98.6 today, nearing its 52-week high of Rs 98.7, with a traded volume of 12.90 crore shares. The stock is currently trading at Rs 97.87, up from the previous close of Rs 86.42, reflecting a 13.25 per cent increase. With a market cap of Rs 104914.02 crore, the stock has shown a solid return of 73.07 per cent from its 52-week low. Today's price-volume breakout and volume spike indicate strong market activity and potential for further gains. The RSI of 65.98 suggests the stock is gaining momentum but is not yet overbought.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Hindustan Construction Company Ltd
|
54.85
|
19,87,80,571
|
|
2
|
Ifci Ltd
|
83.95
|
16,11,37,945
|
|
3
|
Idbi Bank Ltd
|
97.5
|
12,89,91,082
|
|
4
|
Mmtc Ltd
|
102.6
|
8,90,96,055
|
|
5
|
Himachal Futuristic Communications Ltd
|
119.46
|
3,84,97,275
|
|
6
|
Avanti Feeds Ltd
|
734.75
|
3,00,63,998
|
|
7
|
Castrol India Ltd
|
270.55
|
2,85,75,793
|
|
8
|
Bajaj Hindusthan Sugar Ltd
|
41.65
|
2,59,17,824
|
|
9
|
Nova Agritech Ltd
|
83.91
|
1,77,06,871
|
|
10
|
Mukka Proteins Ltd
|
53.94
|
1,61,48,289
|
Disclaimer: The article is for informational purposes only and not investment advice.