Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Most Asian indices followed the overnight strength from the US markets, while European markets are displaying mixed investor sentiment. In contrast, Indian benchmark indices started the trading session with strong momentum and showed resilience throughout the day.
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The BSE Sensex soared 0.75 per cent reaching a level of 81,698. The Nifty 50 index climbed 0.76 per cent to the 25,010 level. The BSE Mid-Cap Index posted a notable gain of 0.66 per cent, while the BSE Small-Cap Index, despite opening higher, closed the session with a 0.20 per cent rise.
Top 3 price-volume breakout stocks
JM Financial Ltd is currently trading at Rs 102.5, showing a significant rise of 11.75 per cent from its previous close of Rs 91.72. The stock reached a high of Rs 105.9 during the day, supported by a notable trading volume of 5.78 crore shares, indicating strong market interest. This upward movement marks a price volume breakout and a volume spike, with the stock bouncing back from its support levels. With a 52-week high of Rs 114.85 and a market cap of Rs 9,783.72 crore, the stock has returned 48.55 per cent from its 52-week low, reflecting a robust performance. The RSI at 63.18 suggests the stock is in a moderately bullish zone.
Gujarat State Petronet Ltd is trading at Rs 377.95, up by 11.62 per cent from the previous close of Rs 338.6. It achieved a high of Rs 388.75 during the session, driven by a trading volume of 3.29 crore shares. This activity signals a price volume breakout and a volume spike, with the stock bouncing off its 50-day EMA. The stock has a 52-week high of Rs 406.75 and a market cap of Rs 21,322.53 crore. It has delivered a return of 48.51 per cent from its 52-week low. The RSI stands at 78.66, indicating a strong bullish momentum.
National Aluminium Company Limited is trading at Rs 181.77, up 4.97 per cent from the previous close of Rs 173.16. The stock reached a high of Rs 182.45 today, supported by a trading volume of 3.16 crore shares, reflecting a price volume breakout and a volume spike. The stock is showing a pullback from its recent movements. With a 52-week high of Rs 209 and a market cap of Rs 33,466.32 crore, it has achieved multibagger returns of 107.03 per cent from its 52-week low. The RSI at 53.31 indicates the stock is currently in a neutral zone, suggesting potential for future movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
JM Financial Ltd
|
102.55
|
5,81,64,741
|
|
2
|
Gujarat State Petronet Ltd
|
376.95
|
3,32,05,286
|
|
3
|
National Aluminium Company Ltd
|
181.98
|
3,17,78,969
|
|
4
|
Honasa Consumer Ltd
|
508.85
|
2,71,51,711
|
|
5
|
BLS International Services Ltd
|
425.6
|
2,25,89,480
|
|
6
|
Paramount Communications Ltd
|
88.12
|
1,99,06,900
|
|
7
|
Dhani Services Ltd
|
60.32
|
1,81,39,254
|
|
8
|
Precision Wires India Ltd
|
193.4
|
1,18,36,232
|
|
9
|
NIIT Ltd
|
153.84
|
1,14,43,298
|
|
10
|
Prakash Industries Ltd
|
230.88
|
94,80,865
|
Disclaimer: The article is for informational purposes only and not investment advice.