Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, the market witnessed muted sentiment, with the Sensex trading down by 1.08 per cent touching 80,981.96 mark, while Nifty decreased by 1.17 per cent breaking the level of 24,717.70 points. Furthermore, the broader market showed negative performance, with the Nifty Mid-Cap closing down by 0.99 per cent and the Nifty Small-Cap declined by 0.79 per cent.
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Market volatility, as indicated by India VIX, has zoomed by 10.75 per cent, closing below 15 this is reflecting a significant increase in market volatility.
Top 3 price-volume breakout stocks
Zomato Ltd: Zomato Ltd is currently trading at Rs 262.74, up 12.24 per cent from its previous close of Rs 234.09. The stock has traded volume of 389.06 lakhs and is approaching its 52-week high of Rs 278.7. The returns from the 52-week low are at 221.99 per cent, indicating multibagger returns. The RSI is at 81.05, suggesting the stock is in overbought territory. It is experiencing a price volume breakout and a volume spike. Investors should be cautious in such a massive uptick.
Jammu and Kashmir Bank Ltd: Jammu and Kashmir Bank Ltd is currently trading at Rs 117.2, reflecting a 7.02 per cent increase from its previous close of Rs 109.51. The stock's traded volume is 58.32 lakhs. The 52-week high stands at Rs 152.5, with returns from the 52-week low at 76.37 per cent. The RSI is at 57.74, indicating the stock is in a neutral range. The stock has shown a price volume breakout and a volume spike, and it has bounced from near support. Investors should wait for confirmation of a reversal before taking further action.
PCBL Ltd: PCBL Ltd is currently trading at Rs 372.5, which is a 7.40 per cent increase from its previous close of Rs 346.85. The stock has a traded volume of 351.29 lakhs and is close to its 52-week high of Rs 380. The returns from the 52-week low are at 145.71 per cent, indicating multibagger returns. With an RSI of 81.74, the stock is considered overbought. The stock is witnessing a price volume breakout and volume spike, having achieved back-to-back 52-week high breakouts. Investors should watch for potential overbought conditions and consider the stock's recent performance in their decision-making.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Zomato Ltd
|
262.34
|
38,90,60,620
|
|
2
|
The Jammu & Kashmir Bank Ltd
|
116.96
|
5,83,18,285
|
|
3
|
PCBL Ltd
|
376.9
|
3,51,31,375
|
|
4
|
Tata Teleservices (Maharashtra) Ltd
|
97.99
|
3,18,04,961
|
|
5
|
Adani Wilmar Ltd
|
383.15
|
2,69,55,560
|
|
6
|
Spacenet Enterprises India Ltd
|
30.52
|
1,49,84,275
|
|
7
|
One 97 Communications Ltd
|
527
|
1,36,02,639
|
|
8
|
Khaitan Chemicals & Fertilizers Ltd
|
91.74
|
1,30,32,698
|
|
9
|
Ghcl Ltd
|
628.45
|
89,16,525
|
|
10
|
Ind-swift Laboratories Ltd
|
176.61
|
56,10,928
|
Disclaimer: The article is for informational purposes only and not investment advice.