Top three stocks that saw heavy demand from buyers in the pre-opening session today
Top 3 price-volume breakout stocks
On Monday, the market showed muted sentiment. The benchmark indices concluded the trading day on a negative note, with the Sensex dipped by 0.13 percent to 80,502.08, while the Nifty dropped by 0.09 percent to 24,509.25. Furthermore, the broader market experienced a surge, with the Nifty Mid-Cap closing up by 1.28 per cent and the Nifty Small-Cap rallied by 0.90 per cent.
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Market volatility, as indicated by India VIX, has rallied by 4.13 per cent, closing below 16 this is reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Rashtriya Chemicals and Fertilizers Ltd: Currently trading at Rs 234.8
Rashtriya Chemicals and Fertilizers Ltd is showing strong momentum, with a notable per cent change of 9.70 from the previous close of Rs 214.03. The stock is currently trading near its 52-week high of Rs 244.9. Traded volume stands at Rs 670.94 crores, reflecting a significant volume spike. The recent price movement includes a price volume breakout and the stock is bouncing off the 20-day EMA, indicating bullish sentiment. With a return of 123.09per cent from its 52-week low, this stock exhibits strong multibagger returns. The RSI is at 64.87, suggesting the stock is in a bullish phase but nearing overbought conditions.
National Fertilizers Limited: Currently trading at Rs 160
National Fertilizers Limited is witnessing a robust performance with a percent change of 10.15per cent from the previous close of Rs 145.26. The stock recently reached a 52-week high of Rs 165.33 and is currently trading just below this peak. With a traded volume of Rs 659.85 crores, there is a clear volume spike and a price volume breakout. The stock is also experiencing a 52-week high breakout and a bounce from the 20-day EMA, reinforcing the bullish trend. The stock shows impressive returns of 145.96per cent from its 52-week low, marking significant multibagger returns. The RSI stands at 66.77, indicating a strong upward trend but approaching overbought territory.
NBCC (India) Ltd: Currently trading at Rs 185.05
NBCC (India) Ltd is displaying positive momentum with a per cent change of 7.67 from the previous close of Rs 171.86. The stock is trading below its 52-week high of Rs 198.3 but shows strong recent performance. Traded volume is Rs 438.42 crores, indicating a substantial volume spike. The stock has experienced a price volume breakout and has formed a bullish engulfing candlestick pattern after pulling back from a support level. The return of 349.70per cent from the 52-week low suggests impressive multibagger returns. The RSI is at 59.73, reflecting a bullish trend with some room for further gains before reaching overbought levels.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Rashtriya Chemicals And Fertilizers Ltd
|
235.03
|
6,70,93,597
|
|
2
|
National Fertilizers Ltd
|
159.93
|
6,59,84,654
|
|
3
|
Nbcc (india) Ltd
|
184.99
|
4,38,42,337
|
|
4
|
Kamdhenu Ventures Ltd
|
41
|
3,31,98,772
|
|
5
|
The Indian Hotels Company Ltd
|
620.35
|
2,61,09,344
|
|
6
|
North Eastern Carrying Corporation Ltd
|
41.94
|
2,40,63,765
|
|
7
|
BCL Industries Ltd
|
60.39
|
1,86,89,814
|
|
8
|
Filatex India Ltd
|
59.09
|
1,16,87,946
|
|
9
|
Shipping Corporation of India Land & Assets Ltd
|
100.05
|
90,06,728
|
|
10
|
Anant Raj Ltd
|
509.95
|
79,13,285
|
Disclaimer: The article is for informational purposes only and not investment advice.