Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Monday, the market witnessed a sharp fall, with the Sensex trading down by 2.74 per cent touching 78,759.40 mark, while Nifty decreased by 2.68 per cent breaking the level of 24,055.60 points. Furthermore, the broader market showed negative performance, with the Nifty Mid-Cap closing down by 3.55 per cent and the Nifty Small-Cap declined by 4.57 per cent.
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Market volatility, as indicated by India VIX, has zoomed by 42.23 per cent, closing below 21 this is reflecting a significant increase in market volatility.
Top 3 price-volume breakout stocks
Oswal Greentech Ltd: Oswal Greentech Ltd is currently trading at Rs 44.4, up from the previous close of Rs 40.69, marking a 9.12 per cent increase. The stock is approaching its 52-week high of Rs 49.4, reflecting a strong performance with a notable volume of 192.94 lakhs. With a market capitalization of Rs 1012.34 crore, it has delivered returns of 96.46 per cent from its 52-week low. The RSI is at 68.22, indicating upward momentum. The stock shows signs of price volume breakout and trading near its high, suggesting ongoing strength in its trend.
Gokul Agro Resources Ltd: Gokul Agro Resources Ltd is trading at Rs 206, a 5.10 per cent increase from its previous close of Rs 196.01. It is near its 52-week high of Rs 229.5, with a traded volume of 90.55 lakhs. The company's market capitalization stands at Rs 3115.10 crore, and it has achieved multibagger returns of 116.84 per cent from its 52-week low. The RSI is at 80.27, signaling strong bullish momentum. The stock is exhibiting a price volume breakout and has recently broken out from its 52-week high, reflecting positive trading activity.
GHCL Textiles Ltd: GHCL Textiles Ltd is currently priced at Rs 111.3, a 6.39 per cent increase from Rs 104.62, its previous close. The stock is approaching its 52-week high of Rs 116.5 with a trading volume of 82.44 lakhs. It has a market cap of Rs 1026.08 crore and has returned 63.32 per cent from its 52-week low. With an RSI of 72.35, the stock indicates a strong upward trend. The presence of a price volume breakout and recent trading near its high suggests the stock remains in a positive trading range.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Oswal Green Tech Ltd
|
44.38
|
1,92,98,099
|
|
2
|
Gokul Agro Resources Ltd
|
207.27
|
90,55,929
|
|
3
|
GHCL Textiles Ltd
|
111.11
|
82,39,263
|
|
4
|
Huhtamaki India Ltd
|
425.65
|
28,03,852
|
|
5
|
Arrow Greentech Ltd
|
943.3
|
18,22,951
|
|
6
|
Glenmark Life Sciences Ltd
|
933.4
|
16,59,431
|
|
7
|
Lux Industries Ltd
|
2268.35
|
15,66,462
|
|
8
|
Archidply Industries Ltd
|
121.41
|
14,79,968
|
|
9
|
Pokarna Ltd
|
816.65
|
13,82,559
|
Disclaimer: The article is for informational purposes only and not investment advice.