Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 2.10 per cent and closed at 82,497.10, while Nifty declined by 2.12 per cent and closed at 25,250.10 level. However, the Broader market, Nifty Mid-Cap closed lower by 2.21 per cent at 59,024.70, while Nifty Small-Cap closed lower by 1.96 per cent and closed at 18,952.60.
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Market volatility, as indicated by India VIX, rose by 9.84 per cent and is trading at the level of 13.17 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Infibeam Avenues Ltd is currently trading at Rs 31.83, reflecting a strong move with an 8.63 per cent rise from its previous close of Rs 29.3. The stock hit an intraday high of Rs 31.86, with a significant traded volume of 6.87 crore shares, indicating strong participation. The company has seen 86.69 per cent returns from its 52-week low, showing a notable bounce from support levels. The price action has resulted in a price-volume breakout, accompanied by a volume spike. The stock has also crossed key Exponential Moving Averages (EMAs), suggesting a positive sentiment in the market.
Petronet LNG Ltd is trading at Rs 364, up 5.78 per cent from its previous close of Rs 344.1, reaching a high of Rs 366.9 during the session. The stock witnessed a trading volume of 2.11 crore shares. Petronet LNG has delivered 89.88 per cent returns from its 52-week low, showing a solid recovery as it bounced off support levels and broke out with a price-volume spike. The stock has also crossed key EMAs, which could reflect a change in market outlook.
ITD Cementation India Ltd reached a 52-week high of Rs 645.35 today, where it is currently trading, with a significant 20.00 per cent jump from its previous close of Rs 537.8. The trading volume stood at 1.50 crore shares. The stock has provided multibagger returns of 243.27 per cent from its 52-week low. The price movement led to a price-volume breakout, with a 52-week high breakout confirmed by the formation of a marubozu candle, indicating strong momentum in the market.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Infibeam Incorporation Ltd
|
31.63
|
6,87,30,512
|
|
2
|
Petronet Lng Ltd
|
364.45
|
2,11,95,233
|
|
3
|
Itd Cementation India Ltd
|
643.55
|
1,50,24,670
|
|
4
|
Parag Milk Foods Ltd
|
210.98
|
1,16,52,495
|
|
5
|
Jubilant Ingrevia Ltd
|
818.25
|
88,61,709
|
|
6
|
Angel One Ltd
|
2742.15
|
75,59,524
|
|
7
|
Baazar Style Retail Ltd
|
411.05
|
61,54,375
|
|
8
|
Beardsell Ltd
|
50.55
|
44,93,728
|
|
9
|
Sarda Energy & Minerals Ltd
|
491.95
|
41,54,848
|
|
10
|
Go Digit General Insurance Ltd
|
398.4
|
30,19,034
|
Disclaimer: The article is for informational purposes only and not investment advice.