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 surged by 0.46 per cent and closed at 81,559.54, while Nifty surged by 0.34 per cent and closed at 24,936.40 level. However, the Broader market, Nifty Mid-Cap closed lower by 0.26 per cent at 58,347.40, while Nifty Small-Cap declined by 0.93 per cent and closed at 19,097.40.
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Market volatility, as indicated by India VIX, has declined by 6.44 per cent and is trading at the level of 14.24 reflecting a decline in market volatility.
Top 3 price-volume breakout stocks
Morepen Laboratories Ltd: Morepen Laboratories Ltd is currently trading at Rs 94.1, showing a 5.32 per cent increase from its previous close of Rs 89.35. The stock reached a high of Rs 97.6 today, which also marks its 52-week high, indicating strong upward momentum. The trading volume stood at 4.57 crore shares, highlighting significant market interest. The company’s market cap is Rs 5,155.18 crore. With returns of 200.64 per cent from its 52-week low, the stock has delivered multibagger returns. The RSI is at 75.37, suggesting the stock might be in an overbought zone. The stock shows a price-volume breakout and volume spike, reinforcing the strong momentum.
Nandan Denim Ltd: Nandan Denim Ltd is currently trading at Rs 63.5, which is a 7.06 per cent increase from its previous close of Rs 59.31. The stock hit a high of Rs 64.77 today, which also matches its 52-week high. The trading volume reached 3.02 crore shares, indicating significant trading activity. The company has a market cap of Rs 925.78 crore. With returns of 211.27 per cent from its 52-week low, the stock has also delivered multibagger returns. The RSI is at 82.48, which could suggest the stock is in an overbought territory. The stock shows a price-volume breakout and a volume spike, reinforcing its upward trend.
DCW Ltd: DCW Ltd is currently trading at Rs 100, reflecting an 8.14 per cent increase from its previous close of Rs 92.47. The stock touched a high of Rs 100.3 today, its 52-week high and all-time high, indicating robust upward momentum. The trading volume was 1.83 crore shares, showing strong market participation. The company’s market cap stands at Rs 2,938.72 crore. With returns of 117.63 per cent from its 52-week low, the stock has provided substantial gains to investors. The RSI is at 77.4, indicating that the stock might be approaching an overbought condition. The stock exhibits a price-volume breakout and volume spike, consistent with the strong momentum.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Morepen Laboratories Ltd
|
94.03
|
4,57,12,382
|
|
2
|
Nandan Denim Ltd
|
64.1
|
3,02,36,171
|
|
3
|
Dcw Ltd
|
99.52
|
1,82,60,752
|
|
4
|
Electrosteel Castings Ltd
|
221.56
|
1,79,58,672
|
|
5
|
Motisons Jewellers Ltd
|
219.85
|
1,20,48,861
|
|
6
|
Indo Amines Ltd
|
230.38
|
1,18,75,979
|
|
7
|
Unicommerce eSolutions Ltd
|
216.65
|
88,13,972
|
|
8
|
Deep Industries Ltd
|
476.6
|
73,27,345
|
|
9
|
Greaves Cotton Ltd
|
175.52
|
72,30,900
|
|
10
|
Tribhovandas Bhimji Zaveri Ltd
|
270.37
|
71,06,071
|
Disclaimer: The article is for informational purposes only and not investment advice.