Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Benchmark indexes had a poor finish to the trading day on Friday. The Sensex ended the day slightly down, closing at 73,142.80, while the Nifty closed flat, setting a new all-time high at 22,297.50. Comparably, the Broader market saw modest gains as Nifty Small-Cap surged by 0.34 per cent and Nifty Mid-Cap finished higher by 0.27 per cent.
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The India VIX, which measures market volatility, has decreased by 1.48 per cent, indicating a fall in market volatility.
Top 3 price-volume breakout stocks
Jio Financial Services Ltd (Rs 335): Jio Financial Services saw a strong movement today, with prices bouncing back significantly from their 50-day Exponential Moving Average (EMA) some time ago. The stock also broke its all-time high, indicating bullish sentiment. However, caution is warranted as the Relative Strength Index (RSI) is at 81.59, entering the overbought region, suggesting a possible correction in the near future. The price volume breakout accompanied by a volume spike further reinforces the bullish momentum.
Indus Towers Ltd (Rs 240.5): Indus Towers experienced a notable price volume breakout today, coupled with a strong gap up move and a breakout to its 52-week high. The Relative Strength Index (RSI) stands at 66.10, indicating bullish momentum but not yet in the overbought territory. The surge in volume can be attributed to the positive news surrounding Vodafone Idea's fundraise plan, further boosting investor confidence.
Bharat Electronics Ltd (Rs 204.6): Bharat Electronics witnessed a price volume breakout today, along with a V-shaped base formation, though sustainability remains uncertain. The stock also broke out of its range, supported by a bounce back from its 50-day EMA. The RSI at 71.78 suggests bullish momentum, but investors should monitor for any signs of overbuying. The volume spike indicates heightened trading activity, reflecting increased investor interest in the stock.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Jio Financial Services Ltd
|
333.95
|
27,00,77,122
|
|
2
|
Indus Towers Ltd (Bharti Infratel)
|
241.15
|
7,78,10,544
|
|
3
|
Bharat Electronics Limited
|
205.3
|
7,61,79,371
|
|
4
|
Sindhu Trade Links Ltd
|
41.55
|
5,93,76,153
|
|
5
|
Indiabulls Housing Finance Limited
|
207
|
5,19,60,119
|
|
6
|
Adani Wilmar Ltd
|
389.95
|
2,28,68,786
|
|
7
|
JSW Infrastructure Ltd
|
262.45
|
2,16,02,550
|
|
8
|
Meghmani Organics Ltd
|
99.15
|
2,00,06,209
|
|
9
|
Railtel Corporation of India Ltd
|
407.75
|
1,57,12,272
|
|
10
|
Shriram Properties Ltd
|
130.3
|
1,23,10,597
|
Disclaimer: The article is for informational purposes only and not investment advice.