Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
In today's intraday session, the Nifty 50 index experienced a downturn, closing at 21,517.35, reflecting a decrease of 148.45 points or 0.69 percent from the opening value of 21,661.10.
In today's intraday session, the Nifty 50 index experienced a downturn, closing at 21,517.35, reflecting a decrease of 148.45 points or 0.69 percent from the opening value of 21,661.10.
The market exhibited a fluctuating trend throughout the day, with the index reaching a high of 21,677.00 and a low of 21,500.35.
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Top 3 price-volume breakout stocks
NBCC (India) Ltd. exhibits strong bullish momentum as it continues its upward trajectory, with the current market price (CMP) at 87.8. The stock has experienced a significant price volume breakout, trading above crucial moving averages, reflecting sustained positive momentum. The Relative Strength Index (RSI) at 68.78 indicates a healthy uptrend without reaching overbought levels. Furthermore, the stock is currently at an all-time high, showcasing robust buying interest. The notable volume spike suggests increased participation and conviction from market participants.
IRCON International Ltd. exhibits strong bullish signals in today's trading session. The stock has witnessed a significant price volume breakout, surging from an open of 175 to a high of 189.7, well above the crucial support level of 172.75. Currently, the stock is trading at 186.3, indicating sustained upward momentum. Additionally, IRCON is trading above all key moving averages, affirming the bullish trend. The bounce from the 50-day EMA reinforces the stock's strength, while the RSI at 68.31 suggests a healthy uptrend without being overbought. Notably, the stock has reached an all-time high, signifying robust investor confidence. The observed volume spike further supports the bullish sentiment, underlining strong buying interest.
Biocon Ltd. exhibits a strong bullish trend with a robust price volume breakout, currently trading at 283.6, near its 52-week high of 284.5. The stock shows resilience, bouncing off the 50-day EMA, and is positioned above all crucial moving averages, indicating a sustained upward momentum. The RSI at 77.15 signals overbought conditions, suggesting potential profit-taking, but the overall outlook remains positive. The notable volume spike supports the recent price surge, underlining strong investor interest. Traders should monitor the stock for potential continuation of the bullish trend or a possible correction given the elevated RSI levels.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Per cent Change
|
Price
|
Volume
|
|
1
|
Nbcc (india) Limited
|
8.87
|
87.75
|
12,48,15,207
|
|
2
|
Ircon International Ltd
|
6.88
|
186.3
|
8,62,90,464
|
|
3
|
Biocon Limited
|
6.5
|
283.5
|
2,87,01,021
|
|
4
|
Sun Pharma Advanced Research Company Limited
|
14.05
|
385.95
|
2,67,22,779
|
|
5
|
Inox Green Energy Services Ltd
|
14.73
|
134
|
1,88,63,424
|
|
6
|
Adani Total Gas Ltd
|
10
|
1100.95
|
1,72,94,594
|
|
7
|
Sequent Scientific Limited
|
8.45
|
132.2
|
1,69,78,571
|
|
8
|
Allcargo Terminals Ltd
|
20
|
63.9
|
1,42,21,448
|
|
9
|
Adani Energy Solutions Ltd
|
11.53
|
1185
|
1,34,90,693
|
|
10
|
Shriram Properties Ltd
|
7.62
|
131.3
|
1,29,55,564
|
|
11
|
Marksans Pharma Limited
|
6.69
|
176.3
|
1,14,07,525
|
|
12
|
Paisalo Digital Ltd
|
7.09
|
99.65
|
1,04,94,831
|
|
13
|
Adani Green Energy Ltd
|
5.84
|
1697.2
|
80,59,948
|
|
14
|
Udayshivakumar Infra Ltd
|
14.78
|
46.6
|
71,63,369
|
|
15
|
Bharat Road Network
|
19.98
|
61.55
|
50,83,117
|
|
16
|
Sobha Limited
|
10.04
|
1112
|
36,40,709
|
|
17
|
Kopran Limited
|
8.88
|
274
|
31,58,705
|
|
18
|
Nrb Bearing Limited
|
9.45
|
387
|
29,12,937
|
|
19
|
Geojit Financial Services
|
5.95
|
83.65
|
28,60,513
|
|
20
|
Gateway Distriparks Ltd
|
6.02
|
110
|
28,05,132
|
Disclaimer: The article is for informational purposes only and not investment advice.