Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipped by 0.14 per cent to 80,039.80, while the Nifty dropped by 0.03 per cent to 24,406.10. Furthermore, the broader market declined, with the Nifty Mid-Cap closing down by 0.23 per cent and the Nifty Small-Cap plunged by 0.27 per cent.
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Market volatility, as indicated by India VIX, has reduced by 7.27 per cent, closing below 13 this is reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
MMTC Ltd: MMTC Ltd experienced a significant price volume breakout today, with the stock closing at Rs 123.12, which is also its 52-week high. The traded volume was an impressive 15.43 crore, indicating a strong buying interest. The stock surged by 20.00 per cent from its previous close of Rs 102.6, showcasing a substantial upward momentum. The current trading price of Rs 123.12 represents a remarkable 272.53 per cent return from its 52-week low, earning it the status of a multibagger stock. The market cap stands at Rs 18234.00 crore, reflecting its robust market presence. Additionally, the RSI at 78.99 indicates an overbought condition, suggesting that the stock may experience some pullback after this strong rally.
Oil and Natural Gas Corporation Ltd: Oil and Natural Gas Corporation Ltd achieved a price volume breakout today, with the stock closing at Rs 335, just shy of its 52-week high of Rs 337.55. The traded volume was robust at 4.21 crore, reflecting heightened trading activity. The stock saw a 4.83 per cent increase from its previous close of Rs 319.55, indicating positive investor sentiment. The current trading price of Rs 335 shows a notable 98.34 per cent return from its 52-week low, underlining its strong performance over the year. The market cap of Rs 422698.17 crore highlights its significant size in the market. The RSI at 72.52 suggests that the stock is approaching overbought levels, which may lead to a potential pullback or consolidation phase.
Tata Motors Ltd: Tata Motors Ltd experienced a price volume breakout today, closing at Rs 1089.05, just below its 52-week high of Rs 1094. The traded volume reached 3.28 crore, indicating strong trading interest. The stock gained 5.97 per cent from its previous close of Rs 1027.7, showcasing positive momentum. The current trading price of Rs 1089.05 marks an 83.56 per cent return from its 52-week low, reflecting significant gains over the year. The market cap stands at Rs 400838.70 crore, underscoring its substantial market position. The RSI at 71.23 suggests the stock is nearing overbought territory, which could signal a potential pullback or consolidation in the near term.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Mmtc Ltd
|
120.91
|
15,43,55,689
|
|
2
|
Oil & Natural Gas Corporation Ltd
|
335.8
|
4,20,54,664
|
|
3
|
Tata Motors Ltd
|
1090.95
|
3,27,66,835
|
|
4
|
Confidence Petroleum India Ltd
|
93.45
|
2,35,40,474
|
|
5
|
Nova Agritech Ltd
|
90.37
|
2,12,42,951
|
|
6
|
Hindustan Petroleum Corporation Ltd
|
373.75
|
2,06,11,250
|
|
7
|
Jyothy Laboratories Ltd
|
547.7
|
1,32,34,406
|
|
8
|
Oswal Green Tech Ltd
|
40.1
|
1,31,66,052
|
|
9
|
The State Trading Corporation Of India Ltd
|
237.51
|
1,25,89,622
|
|
10
|
Sigachi Industries Ltd
|
65.95
|
1,00,07,260
|
Disclaimer: The article is for informational purposes only and not investment advice.