Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex rose by 0.30 per cent and closed at 85,169.87, while Nifty rose by 0.28 per cent and closed at 26,013.15 level. However, the Broader market, Nifty Mid-Cap closed lower by 0.71 per cent at 60,421.70, while Nifty Small-Cap closed lower by 0.42 per cent and closed at 19,357.50.
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Market volatility, as indicated by India VIX, declined by 4.85 per cent and is trading at the level of 12.74 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks
Zee Entertainment Enterprises Limited is currently trading at Rs 134.65, showing a 5.77 per cent increase from the previous close of Rs 127.31. The stock saw a significant price-volume breakout, with a trading volume of 5.96 crore shares. Zee’s returns from the 52-week low stand at 7.29 per cent, as the stock bounced from a support level. The RSI is at 49.88, indicating a neutral momentum. Zee's current price is far below its 52-week high of Rs 299.7, with a market cap of Rs 12,847.95 crore.
Saregama India Ltd hit a 52-week high of Rs 632 today, currently trading at Rs 607.9. The stock surged by 14.93 per cent from its previous close of Rs 528.95, with 1.41 crore shares traded, marking a price-volume breakout. The company’s returns from the 52-week low are at 96.35 per cent, with the RSI elevated at 81.64, indicating strong upward momentum. The market cap is Rs 11,812.55 crore, as the stock breaks through resistance levels.
Five-Star Business Finance Ltd is trading at Rs 812.2, up 5.14 per cent from its previous close of Rs 772.5. It is nearing its 52-week high of Rs 862.75, with a trading volume of 73.94 lakh shares, signaling a price-volume breakout. Returns from the 52-week low stand at 35.36 per cent, and the RSI at 64.82 shows moderate strength in the upward trend. The company's market cap is Rs 23,648.18 crore.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Zee Entertainment Enterprises Ltd
|
134.5
|
5,95,47,943
|
|
2
|
Saregama India Ltd
|
607.9
|
1,41,31,137
|
|
3
|
Five Star Business Finance Ltd
|
813
|
73,93,232
|
|
4
|
Heg Ltd
|
2428
|
54,79,414
|
|
5
|
Dev Information Technology Ltd
|
144.1
|
32,27,067
|
|
6
|
Pg Electroplast Ltd
|
675
|
31,64,879
|
|
7
|
Megasoft Ltd
|
75.82
|
29,49,198
|
|
8
|
Tata Communications Ltd
|
2133.2
|
26,90,310
|
|
9
|
Eclerx Services Ltd
|
2880
|
24,40,181
|
|
10
|
Themis Medicare Ltd
|
299
|
21,49,209
|
Disclaimer: The article is for informational purposes only and not investment advice.