Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the trading day on a positive note as Sensex surged by 0.28 per cent and reached its new all-time high at 82,637.03 level, while Nifty soared by 0.38 per cent and reached its record high at 25,268.35 level. Similarly, the Broader market experienced gains as Nifty Mid-Cap closed higher by 0.56 per cent after, while Nifty Small-Cap soared by 0.47 per cent.
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Market volatility, as indicated by India VIX, has declined by 2.7 per cent and is trading around the level of 13 reflecting a slight decrease in market volatility.
Top 3 price-volume breakout stocks
Shree Renuka Sugars Ltd: Shree Renuka Sugars Ltd saw significant activity on Friday, with the trading volume reaching 11.32 crores. The stock closed at Rs 49.95, reflecting a 5.36 per cent increase from the previous close of Rs 47.41. The price reached a high of Rs 52 during the day, showing robust performance due to a price-volume breakout. The stock is currently 12.72 per cent below its 52-week high of Rs 57.25 and has delivered returns of 36.66 per cent from its 52-week low. The recent volume spike and news impacting the sugar sector are notable factors influencing the price movement. The RSI is at 59.51, indicating the stock's momentum.
One97 Communications Ltd: One 97 Communications Ltd experienced a notable surge in trading volume, with 4.19 crore shares traded. The stock closed at Rs 624.9, up 12.70 per cent from the previous close of Rs 554.5. The intraday high was Rs 631.45, contributing to a price-volume breakout. The stock has achieved multibagger returns of 101.58 per cent from its 52-week low, currently trading 37.4 per cent below its 52-week high of Rs 998.3. The recent higher-high breakout and volume spike highlight increased investor interest. The RSI is at 72.37, showing strong momentum in the market.
Gujarat State Petronet Ltd: Gujarat State Petronet Ltd saw a trading volume of 3.50 crore shares on Friday, closing at Rs 442.35, which marks a 5.50 per cent increase from its previous close of Rs 419.3. The stock reached an intraday high of Rs 447, which is also its 52-week high, indicating a price-volume breakout. The stock has delivered returns of 73.81 per cent from its 52-week low, showcasing robust upward momentum. The recent volume spike and price action suggest significant market activity. The RSI stands at 88.94, which reflects the current strength of the stock's movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Shree Renuka Sugars Ltd
|
49.97
|
11,32,25,974
|
|
2
|
One 97 Communications Ltd
|
621.9
|
4,18,63,250
|
|
3
|
Gujarat State Petronet Ltd
|
442.6
|
3,50,26,928
|
|
4
|
Patel Engineering Ltd
|
57.21
|
2,30,57,251
|
|
5
|
Prestige Estates Projects Ltd
|
1813.15
|
2,28,06,365
|
|
6
|
AU Small Finance Bank
|
688.7
|
1,64,25,765
|
|
7
|
Allied Digital Services Ltd
|
265.03
|
1,53,50,144
|
|
8
|
Cybertech Systems And Software Ltd
|
253.32
|
1,46,85,772
|
|
9
|
Praj Industries Ltd
|
766.9
|
1,29,80,370
|
|
10
|
Triveni Engineering & Industries Ltd
|
476.85
|
1,28,49,355
|
Disclaimer: The article is for informational purposes only and not investment advice.