Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Monday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained over 0.67 per cent and reached a new all-time high of 74,869.30 level, while Nifty also closed higher by 0.68 per cent after making a new all-time high of 22,697.30 level. Similarly, the Broader market experienced positive performance as Nifty Mid-Cap closed marginally higher by 0.04 per cent, while Nifty Small-Cap soared by 0.32 per cent.
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Market volatility, as indicated by India VIX, has surged by 2.4 per cent, reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Exide Industries Ltd (Rs 383.5): Today, Exide Industries saw a notable surge in trading volume, coupled with a significant price increase, now trading at Rs 375.85 from the previous close of Rs 321.85, marking a substantial 16.78 per cent rise. This surge is indicative of a price volume breakout, supported by a strong volume spike and a breakout from its 52-week high. Additionally, the Relative Strength Index (RSI) stands high at 79.69, suggesting overbought conditions. The stock is also trading above key moving averages, further indicating bullish sentiment. The recent partnership announcement with Hyundai Motor and Kia for EV battery solutions further boosts investor confidence, driving the stock price higher.
Gail (India) Ltd (Rs 201.85): Gail (India) Ltd experienced a surge in trading volume alongside a price increase, currently trading at Rs 200.7 from the previous close of Rs 190.75, marking a 5.22 per cent gain. This surge signifies a price volume breakout, coupled with a breakout from its 52-week high, supported by a notable volume spike. The RSI stands at 70.47, indicating overbought conditions, while the stock bounced from its 20-day and 50-day Exponential Moving Averages (EMA), showcasing strength. Today's performance reflects a strong move, further strengthening the bullish sentiment.
FSN E-Commerce Ventures Ltd (Rs 181.3): FSN E-Commerce Ventures witnessed a surge in trading volume accompanied by a price increase, currently trading at Rs 179.5 from the previous close of Rs 168.45, marking a 6.56 per cent rise. This surge signals a price volume breakout, supported by a significant volume spike and a flag breakout. The RSI stands at 74.44, suggesting overbought conditions, while the stock bounced from a crucial support level earlier. The company's optimistic outlook, with expected high twenties Y/Y growth in net sales value and revenue for Q4FY24, along with strong growth momentum and customer demand, further bolsters investor confidence, contributing to today's strong performance.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Exide Industries Limited
|
377.15
|
7,40,73,530
|
|
2
|
Gail (india) Limited
|
200.75
|
5,62,72,730
|
|
3
|
FSN E-Commerce Ventures Ltd
|
179.3
|
3,07,07,302
|
|
4
|
Voltas Limited
|
1306.85
|
1,07,61,579
|
|
5
|
Sadbhav Engineering Limited
|
36.65
|
96,66,579
|
|
6
|
Cochin Shipyard
|
1141.2
|
94,09,134
|
|
7
|
JTL Industries Ltd
|
216.55
|
71,68,855
|
|
8
|
Paisalo Digital Ltd
|
80.75
|
53,55,837
|
|
9
|
Amara Raja Energy & Mobility Ltd
|
869.05
|
48,61,422
|
|
10
|
Laurus Labs Limited
|
462.45
|
47,79,644
|
Disclaimer: The article is for informational purposes only and not investment advice.