Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!

Top 3 price-volume breakout stocks

On Monday, Benchmark indices concluded trading day on a higher note as Sensex moderately gained by 0.15 per cent and closed at 72,776.14 level, while Nifty also gained by 0.22 per cent and closed at 22,104.05 level. Similarly, the Broader market experienced mixed performance as Nifty Mid-Cap closed moderately higher by 0.41 per cent, while Nifty Small-Cap declined by 0.43 per cent.

Market volatility, as indicated by India VIX, has surged by 11.52 per cent, reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

UPL Ltd: Currently trading at Rs 540 with a traded volume of 27,039,443 shares. The stock saw a 7.59 per cent increase from the previous close, now at its 52-week high of Rs 540. With an RSI at 66.16, it indicates a bullish momentum. The price-volume breakout suggests a potential trend change, possibly indicating positive news such as strong Quarterly Results or dividend announcements. Investors should watch for a possible continuation of this upward trend, especially considering the 1-year return of -22.03 per cent, indicating a potential reversal in the stock's performance. This move is likely driven by favorable quarterly results, fueling investor optimism.

D Link (India) Limited: Currently trading at Rs 404.45, marking a significant rise from the previous close of Rs 341.05, with a volume spike of 9,088,484 shares. The RSI at 80.24 indicates overbought conditions, potentially signaling a temporary pullback. The breakout above the 52-week high and trendline suggests strong bullish sentiment, possibly fueled by positive quarterly results or dividend announcements. With a 1-year return of 55.87 per cent, investors are likely optimistic about the company's future prospects. This move is evidently influenced by robust quarterly results, propelling the stock to new heights.

Cipla Ltd: Currently priced at Rs 1421, with a significant volume of 7,910,590 shares traded. The stock experienced a 6.08 per cent increase from the previous close, now testing resistance at Rs 1425.95. With an RSI at 52.02, the stock is trading within a range of support and resistance, potentially indicating a consolidation phase. However, the price-volume breakout suggests a possible trend change, possibly driven by positive quarterly results or dividend announcements. The 1-year return of 49.09 per cent reflects strong investor confidence in the company's performance. This move likely stems from encouraging quarterly results, contributing to the stock's upward momentum.

The following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.