Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, the market witnessed a fall, with the Sensex trading down by 0.21 per cent touching 78,793.07 mark, while Nifty decreased by 0.26 per cent breaking the level of 23,992.55 points. Furthermore, the broader market showed negative performance, with the Nifty Mid-Cap closing down by 0.61 per cent and the Nifty Small-Cap declined by 0.39 per cent.
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Market volatility, as indicated by India VIX, has plunged by 7.98 per cent, closing below 19 this is reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Firstsource Solutions Ltd: Firstsource Solutions Ltd is currently trading at Rs 290.9, up 5.57 per cent from the previous close of Rs 275.55. The stock has reached a 52-week high of Rs 317.9, and the returns from the 52-week low are 101.04 per cent, reflecting multibagger returns. The trading volume today was 498.45 lakh shares. The stock is showing a price volume breakout with a volume spike, indicating strong activity. The Relative Strength Index (RSI) stands at 67.84, suggesting it is approaching overbought territory. Given these indicators, the stock appears to be performing well with significant trading interest.
BLS International Services Ltd: BLS International Services Ltd is trading at Rs 384.5, which is a 9.89 per cent increase from the previous close of Rs 349.9. It has recently approached its 52-week high of Rs 429.95, with returns from the 52-week low at 67.32 per cent. The stock's trading volume is 285.65 lakh shares. It is experiencing a price volume breakout and a volume spike, with potential for further upside. The RSI is at 62.84, indicating moderate buying momentum. The stock is a likely breakout candidate based on current trends and trading activity.
Network18 Media & Investments Ltd: Network18 Media & Investments Ltd is currently trading at Rs 93.55, up 6.62 per cent from the previous close of Rs 87.74. The stock has a 52-week high of Rs 135.7, with returns from the 52-week low at 61.85 per cent. The trading volume for today is 80.98 lakh shares. The stock is showing a price volume breakout and a volume spike, and is bouncing from the 20-day EMA. The RSI is at 58.54, indicating it is in a neutral zone but with positive momentum. The stock shows promising short-term performance with a notable volume increase.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Firstsource Solutions Ltd
|
290.9
|
4,98,32,712
|
|
2
|
Bls International Services Ltd
|
384.5
|
2,83,91,987
|
|
3
|
Network18 Media & Investments Ltd
|
93.55
|
80,87,699
|
|
4
|
K.p.r. Mill Ltd
|
950
|
72,67,928
|
|
5
|
Arvind Ltd
|
391
|
71,54,596
|
|
6
|
Indraprastha Medical Corporation Ltd
|
311.5
|
66,64,187
|
|
7
|
Avt Natural Products Ltd
|
90.98
|
49,45,628
|
|
8
|
Kitex Garments Ltd
|
246
|
42,15,217
|
|
9
|
Symphony Ltd
|
1465
|
40,09,404
|
|
10
|
Gokaldas Exports Ltd
|
1079.25
|
36,36,068
|
Disclaimer: The article is for informational purposes only and not investment advice.