Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded the last trading sesion of the week on a positive note as Sensex significantly gained by 2.16 per cent and closed at 76,693.36 level, while Nifty gained by 2.05 per cent and closed at 23,290.15 level. Similarly, the Broader market also experienced significant gains as Nifty Mid-Cap closed higher by 1.49 per cent, while Nifty Small-Cap soared by 2.31 per cent.
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Market volatility, as indicated by India VIX, has slightly gained by 0.49 per cent and is trading around the level of 16 reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
IRB Infrastructure Developers Ltd:
Irb Infrastructure Developers Ltd reached a high of Rs 78.15 today, with a significant traded volume of 150,325,869 shares. It is currently trading at Rs 77.9, up from the previous close of Rs 70.2, reflecting a notable 10.97 per cent increase. The stock has achieved a new 52-week high at Rs 78.15, with a market cap of Rs 46,571.88 crore. Impressively, it has delivered multibagger returns of 212.22 per cent from its 52-week low, highlighting a strong upward momentum. The stock exhibited a price volume breakout and volume spike, indicating heightened investor interest. With an RSI of 61.06, the stock is in the bullish zone but not yet overbought, suggesting potential for further gains.
Wipro Ltd: Wipro Ltd saw a high of Rs 486.4 today, with 36,336,220 shares changing hands. It is currently trading at Rs 484, up from the previous close of Rs 461, marking a 4.99 per cent increase. The stock's 52-week high stands at Rs 545.9, and its market cap is Rs 252,986.09 crore. Wipro has provided a return of 29.05 per cent from its 52-week low, showing a solid recovery. The stock experienced a price volume breakout and volume spike, coupled with a base breakout, signaling strong buying interest. With an RSI of 64.8, Wipro is approaching the overbought territory, indicating strong bullish sentiment but with caution advised for potential pullbacks.
Shree Renuka Sugars Ltd: Shree Renuka Sugars Ltd recorded a high of Rs 43.5 today, with 20,101,775 shares traded. It is currently trading at Rs 43, up from the previous close of Rs 40.75, reflecting a 5.52 per cent increase. The stock has a 52-week high of Rs 57.25 and a market cap of Rs 9,161.02 crore. It has delivered a return of 17.65 per cent from its 52-week low, indicating a moderate recovery. The stock showed a price volume breakout and volume spike, with a crossover above its 52-day EMA, suggesting positive momentum. With an RSI of 56.2, Shree Renuka Sugars is in the bullish zone but not yet overbought, indicating room for potential upside.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Irb Infrastructure Developers Ltd
|
76.85
|
15,03,25,869
|
|
2
|
Wipro Ltd
|
484.55
|
3,63,36,220
|
|
3
|
Shree Renuka Sugars Ltd
|
43
|
2,01,06,572
|
|
4
|
Iifl Holdings Ltd
|
470.5
|
1,53,54,854
|
|
5
|
L&T Finance Ltd
|
168.45
|
1,44,35,252
|
|
6
|
Ashoka Buildcon Ltd
|
207.6
|
1,40,20,349
|
|
7
|
Avanti Feeds Ltd
|
615.4
|
1,36,73,899
|
|
8
|
Amara Raja Energy & Mobility Ltd
|
1401.15
|
1,22,87,325
|
|
9
|
Kcp Ltd
|
249.1
|
1,00,12,082
|
|
10
|
Pennar Industries Ltd
|
169.3
|
86,56,141
|
Disclaimer: The article is for informational purposes only and not investment advice.