Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
The BSE Sensex and NSE Nifty-50 indices were trading in the green on Friday with the Sensex up 1.04 per cent at 79,706, and the Nifty-50 up 1.04 per cent at 24,368. About 2,327 shares have advanced, 1,581 shares have declined and 98 shares were unchanged on BSE. The BSE Sensex Index made a new 52-week high of 82,129.49 on August 01, 2024, and the NSE Nifty-50 Index made a new 52-week high of 25,078.30 on August 01, 2024.
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The broader markets were in the green territory, with the BSE Mid-Cap Index up 1.21 per cent and the BSE Small-Cap Index up 0.79 per cent. The top mid-cap gainers were Trent Ltd, Sun TV Ltd and Canara Bank. In contrast, the top small-cap gainers are Rushil Décor Ltd, Gensol Engineering Ltd and NBCC (India) Ltd.
Top 3 price-volume breakout stocks
NBCC (India) Ltd: NBCC (India) Ltd is currently trading at Rs 184.55, showing a 9.16 per cent increase from its previous close of Rs 169.07. The stock has experienced significant trading volume of 971.95 lakhs and has achieved a high of Rs 188.4 in the past 52 weeks. The market cap stands at Rs 33,279.45 crore. Returns from the 52-week low are 296.03 per cent, reflecting strong performance. The stock has demonstrated a price volume breakout, a volume spike, and is bouncing from the 50-day EMA. The RSI is at 56.3, indicating a relatively balanced momentum.
Edelweiss Financial Services Ltd: Edelweiss Financial Services Ltd is currently trading at Rs 81.83, up 14.77 per cent from the previous close of Rs 71.3. It has a trading volume of 439.53 lakhs and reached a 52-week high of Rs 85. The market cap is Rs 7,323.15 crore. The returns from the 52-week low are 84.09 per cent. The stock is showing a price volume breakout, a volume spike, and is nearing its 52-week high. The RSI is at 72.48, suggesting the stock is approaching an overbought condition.
DCW Ltd: DCW Ltd is currently trading at Rs 78.45, which is a 10.43 per cent increase from the previous close of Rs 71.04. The stock has a trading volume of 425.86 lakhs and has reached a 52-week high of Rs 80.69. The market cap is Rs 2,336.74 crore. The returns from the 52-week low are 78.91 per cent. The stock is showing a price volume breakout, a volume spike, and has broken out to a new 52-week high. The RSI stands at 78.3, indicating that the stock may be in an overbought condition.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Nbcc (india) Ltd
|
184.79
|
9,71,94,604
|
|
2
|
Edelweiss Financial Services Ltd
|
81.41
|
4,39,53,014
|
|
3
|
Dcw Ltd
|
79.2
|
4,25,85,595
|
|
4
|
Oil India Ltd
|
643.95
|
1,98,57,286
|
|
5
|
Imagicaaworld Entertainment Ltd
|
94.84
|
1,91,43,657
|
|
6
|
Reliance Infrastructure Ltd
|
230.02
|
1,89,06,610
|
|
7
|
Avanti Feeds Ltd
|
771.3
|
1,64,10,581
|
|
8
|
KFin Technologies Ltd
|
1075.35
|
1,25,42,899
|
|
9
|
Southern Petrochemicals Industries Corporation Ltd
|
87.85
|
1,24,26,127
|
|
10
|
VL E-Governance & IT Solutions Ltd
|
101.94
|
71,38,730
|
Disclaimer: The article is for informational purposes only and not investment advice.