Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian headline indices closed flat with marginal gains for the second consecutive trading session, while global markets showed mixed performance ahead of the US Federal Reserve’s key outlook on potential interest rate cuts.
The BSE Sensex edged up by 0.04 per cent reaching a level of 81,086. The Nifty 50 index edged up by 0.05 per cent to the 24,823 level.
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The BSE Mid-Cap Index saw a notable decline of 0.66 per cent, while the BSE Small-Cap Index experienced upbeat investor sentiment, gaining 0.15 per cent. Quint Digital Ltd, Balu Forge Industries Ltd and SEPC Ltd were the Top Gainers among small-cap stocks.
Top 3 price-volume breakout stocks
FSN E-Commerce Ventures Ltd: FSN E-Commerce Ventures Ltd is currently trading at Rs 226.98, up from its previous close of Rs 210.42, representing a 7.87 per cent increase. The stock reached a new 52-week high on Friday at Rs 229.8, with a traded volume of 11.98 crore shares. This volume spike indicates strong interest from traders. With a market cap of Rs 64,841.53 crore and returns from its 52-week low at 72.87 per cent, the stock has shown significant gains. The RSI is at 75.65, suggesting it is in overbought territory. The stock has achieved a price-volume breakout and is experiencing a 52-week high breakout.
Jain Irrigation Systems Ltd: Jain Irrigation Systems Ltd is trading at Rs 73.99, which is an increase of 11.00 per cent from its previous close of Rs 66.66. The traded volume on Friday was 3.62 crore shares, indicating a price-volume breakout with a volume spike. The stock is nearing its 52-week high of Rs 84.19, with the current market cap at Rs 5,017.65 crore. The returns from the 52-week low are 69.70 per cent, showing substantial recovery. The RSI stands at 59.89, indicating moderate strength in the stock's recent performance. This stock is also showing a trendline breakout.
Allcargo Logistics Ltd: Allcargo Logistics Ltd is currently trading at Rs 71.1, up by 5.08 per cent from its previous close of Rs 67.66. The traded volume on Friday was 3.34 crore shares, indicating significant market activity with a price-volume breakout and volume spike. The stock is nearing its 52-week high of Rs 98, reflecting an upward trend with the current market cap at Rs 7,017.19 crore. Returns from the 52-week low are at 21.27 per cent. The RSI is at 76.31, suggesting that the stock is overbought. The stock is bouncing from support, indicating potential strength in the price action as it moves closer to the 52-week high.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
FSN E-Commerce Ventures Ltd
|
226.77
|
11,98,02,871
|
|
2
|
Jain Irrigation Systems Limited
|
74.27
|
3,62,03,548
|
|
3
|
Allcargo Logistics Limited
|
71.45
|
3,34,57,946
|
|
4
|
Filatex India Limited
|
65.71
|
2,00,84,514
|
|
5
|
PCBL Ltd
|
500.35
|
1,99,83,195
|
|
6
|
Railtel Corporation of India Ltd
|
497.3
|
1,95,39,799
|
|
7
|
Shriram Properties Ltd
|
134.6
|
1,87,61,725
|
|
8
|
Minda Corporation Limited
|
631.15
|
1,61,06,676
|
|
9
|
Edelweiss Financial Services Limited
|
105.39
|
1,32,28,218
|
|
10
|
Radhika Jeweltech Ltd
|
114.37
|
1,22,51,254
|
Disclaimer: The article is for informational purposes only and not investment advice.