Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex rose by 0.78 per cent and closed at 85,836.12, while Nifty rose by 0.81 per cent and closed at 26,216.05 level. However, the Broader market, Nifty Mid-Cap closed flat at 60,469.15, while Nifty Small-Cap closed lower by 0.50 per cent and closed at 19,261.30.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Market volatility, as indicated by India VIX, declined by 5.81 per cent and is trading at the level of 12.00 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks
Mukta Arts Ltd: Mukta Arts Ltd is currently trading at Rs 107.4, up 10.35 per cent from its previous close of Rs 97.33. The stock reached a new 52-week high of Rs 116.79 today, with a significant traded volume of 52.29 lakh shares. The company has a market cap of Rs 249.84 crore. Mukta Arts has delivered returns of 79.45 per cent from its 52-week low, reflecting strong price action. With the Relative Strength Index (RSI) at 83.71, the stock is in an overbought zone. The price and volume breakout, along with the volume spike, contributed to today's move.
Elecon Engineering Company Ltd: Elecon Engineering Company Ltd is currently trading at Rs 701.55, marking a 5.72 per cent rise from its previous close of Rs 663.6. The stock saw a traded volume of 50.19 lakh shares, with a market cap of Rs 15,773.76 crore. The stock is nearing its 52-week high of Rs 716.75, and the returns from its 52-week low stand at 96.72 per cent. The RSI at 74.03 indicates the stock is nearing overbought levels. Today's price and volume breakout, along with the volume spike, signals strong buying interest.
Motisons Jewellers Ltd: Motisons Jewellers Ltd is trading at Rs 307, up 5.89 per cent from its previous close of Rs 289.93. The stock has seen a volume spike with 37.41 lakh shares traded and a market cap of Rs 2,961.64 crore. The stock is approaching its 52-week high of Rs 323, with returns of 245.53 per cent from its 52-week low, showing multibagger returns. The RSI is at 73.07, suggesting the stock is nearing overbought territory. The price and volume breakout is a key factor in today's trading movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Mukta Arts
|
111.12
|
52,38,404
|
|
2
|
Elecon Engineering Company
|
702.3
|
50,19,535
|
|
3
|
Motisons Jewellers Ltd
|
304.61
|
37,43,428
|
|
4
|
Refex Industries
|
531.45
|
34,43,055
|
|
5
|
Prataap Snacks Ltd
|
1042.1
|
34,37,614
|
|
6
|
Gopal Snacks Ltd
|
402.85
|
21,61,651
|
|
7
|
Archies
|
34.76
|
20,02,835
|
|
8
|
Bf Utilities
|
1009.8
|
18,39,969
|
|
9
|
Lloyds Metals & Energy Ltd
|
919.25
|
14,27,117
|
|
10
|
Vishnu Prakash R Punglia Ltd
|
240.65
|
13,11,185
|
Disclaimer: The article is for informational purposes only and not investment advice.