Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 stocks to watch for Swing Trading.
On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 1.00 per cent and closed at 81,765.86, while Nifty closed higher by 0.98 per cent and closed at 24,708.40 level. However, the Broader market, Nifty Mid-Cap closed higher by 0.57 per cent at 58,441.55, while Nifty Small-Cap closed higher by 0.83 per cent and closed at 19,333.55.
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, rose by 0.55 per cent and is trading at the level of 14.53 reflecting a slight rise in market volatility.
Top 3 price-volume breakout stocks:
Bajaj Housing Finance Ltd: Bajaj Housing Finance Ltd showed a strong price-volume breakout today, with a significant volume of 5.56 crore shares traded. The stock is currently trading at Rs 146.75, marking a 6.04 per cent increase from the previous close of Rs 138.39. This move has led to the stock crossing its 50-day EMA. The stock is trading 17.08 per cent higher than its 52-week low, while its 52-week high stands at Rs 188.5. The market capitalization of the company is Rs 1,22,126.40 crore.
Paradeep Phosphates Ltd: Paradeep Phosphates Ltd witnessed a price-volume breakout with a trading volume of 2.38 crore shares. The stock is currently trading at Rs 113.69, up 5.81 per cent from its previous close of Rs 107.45. It is trading near its 52-week high of Rs 119.55 and has delivered returns of 83.52 per cent from its 52-week low. The company’s market capitalization is Rs 9,270.42 crore.
Castrol India Limited: Castrol India Limited recorded a price-volume breakout with 2.26 crore shares traded. The stock is currently trading at Rs 218.84, up 5.44 per cent from its previous close of Rs 207.55. It has crossed its 50-day EMA, supported by strong volumes. The stock has returned 58.64 per cent from its 52-week low, with a 52-week high of Rs 284.4. The market capitalization of the company is Rs 21,712.26 crore.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Bajaj Housing Finance Ltd
|
146.69
|
5,55,84,743
|
|
2
|
Paradeep Phosphates Ltd
|
113.66
|
2,38,18,127
|
|
3
|
Castrol India Ltd
|
219.67
|
2,26,44,564
|
|
4
|
Indraprastha Gas Ltd
|
383.45
|
2,16,00,645
|
|
5
|
Central Depository Services Ltd
|
1855.95
|
1,89,85,579
|
|
6
|
Maharashtra Seamless Ltd
|
741.95
|
1,46,34,240
|
|
7
|
BSE (Bombay Stock Exchange)
|
5194.9
|
1,19,46,477
|
|
8
|
Manba Finance Ltd
|
189.98
|
77,44,331
|
|
9
|
Afcons Infrastructure Ltd
|
526.15
|
61,75,937
|
|
10
|
Skipper Ltd
|
614.85
|
61,59,331
|
Disclaimer: The article is for informational purposes only and not investment advice.