Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian equity markets ended higher on Monday, supported by strong banking and IT stocks' performance. Expectations of increased foreign investments drove the rally, as the U.S. dollar weakened and major private banks posted strong earnings. Notably, the dollar index fell to a three-year low against a basket of global currencies.
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The Sensex closed almost 855.30 points or 1.09 per cent higher at 79,408, while the Nifty 50 closed 274 points or 1.15 per cent higher at 24,126. The Nifty 50 index closed above the 24,000 mark, above all important moving averages. In the last five trading sessions, the Nifty 50 has gained 7.71 per cent.
Top 3 price-volume breakout stocks:
Suzlon Energy Ltd: Suzlon Energy Ltd closed the day at Rs 60.33, showing a gain of 9.55 per cent from the previous close of Rs 55.07. The stock recorded a traded volume of approximately 16.96 crore shares, indicating a volume spike along with a price-volume breakout. The current price is nearing its recent high of Rs 61.1. Suzlon has delivered returns of 59.18 per cent from its 52-week low, reflecting strong upward momentum. The 52-week high for the stock is Rs 86.04. With a market capitalisation of Rs 82,301.08 crore, the stock moved with strong participation from market participants. The price and volume action suggests significant market interest, and the stock is currently trading at Rs 60.33, which is below its 52-week high.
Ola Electric Mobility Ltd: Ola Electric Mobility Ltd ended the session at Rs 53.05, up 5.64 per cent from the previous close of Rs 50.22. The stock witnessed a traded volume of approximately 6.70 crore shares, reflecting a spike in volume along with a price-volume breakout. The intraday high was recorded at Rs 53.57. The stock has shown returns of 16.98 per cent from its 52-week low, with the 52-week high marked at Rs 157.4. The current trading level of Rs 53.05 is significantly below the 52-week high, while the market capitalisation stands at Rs 22,072.75 crore. The price and volume pattern indicate a strong move during the day. The stock remains active on the back of continued market attention, with current levels being watched closely by participants.
Bank of Maharashtra Ltd: Bank of Maharashtra Ltd finished the day at Rs 50.93, posting a gain of 5.23 per cent from the previous close of Rs 48.4. The total traded volume stood at around 2.35 crore shares, indicating a noticeable volume spike along with a price-volume breakout. The day’s high was Rs 51.21. The stock has delivered 21.26 per cent returns from its 52-week low, and the 52-week high is Rs 73.5. With a market capitalisation of Rs 39,173.09 crore, the stock is currently trading at Rs 50.93, which is below its 52-week peak. The price action combined with volume reflects a strong trading interest during the session, with the stock showing momentum amid active participation.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Suzlon Energy Limited
|
60.29
|
17,52,87,374
|
|
2
|
Ola Electric Mobility Ltd
|
52.88
|
7,35,55,329
|
|
3
|
Bank Of Maharashtra
|
50.9
|
2,53,43,128
|
|
4
|
National Aluminium Company Limited
|
161.41
|
2,44,30,050
|
|
5
|
Bandhan Bank Ltd
|
167.94
|
2,04,88,178
|
|
6
|
Allcargo Logistics Limited
|
30.49
|
1,67,76,160
|
|
7
|
The Jammu & Kashmir Bank Limited
|
108.27
|
1,36,57,129
|
|
8
|
Just Dial Limited
|
1028.25
|
1,30,92,393
|
|
9
|
Punjab & Sind Bank
|
30.02
|
1,28,78,772
|
|
10
|
AU Small Finance Bank
|
623.6
|
99,21,371
|
Disclaimer: The article is for informational purposes only and not investment advice.