Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On August 20, Indian benchmark indices closed with gains. All sectoral indices saw positive movements except for FMCG, with sectors such as banking, healthcare, IT, metals, and power rising between 0.5 per cent and 1 per cent. The broader market showed a contrast, as midcap stocks outperformed their smaller counterparts, which moved in line with the benchmark indices.
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The BSE Sensex ended at 0.47 per cent reaching a level of 80,802. The Nifty 50 index climbed 0.51 per cent to the 24,698 level. Broader markets maintained their strength throughout the trading session. With 1,527 shares rising on the NSE and 786 shares declining, the advance-decline ratio strongly remained in favour of advances.
Top 3 price-volume breakout stocks
Allcargo Logistics Ltd: Allcargo Logistics Ltd is currently trading at Rs 67.24, up 9.33 per cent from the previous close of Rs 61.5. The stock hit a high of Rs 68.65 in the past 52 weeks. The traded volume today is 665.56 lakhs. The market capitalization stands at Rs 6617.40 crore. The stock has shown a return of 14.69 per cent from its 52-week low of Rs 58.70. Recent activity indicates a price volume breakout and a volume spike, with the stock bouncing from a support level. The RSI is at 67.9, suggesting the stock is nearing overbought territory.
Radhika Jeweltech Ltd: Radhika Jeweltech Ltd is currently trading at Rs 99.03, reflecting an 8.97 per cent increase from the previous close of Rs 90.88. The stock’s 52-week high is Rs 100.5. The traded volume today is 206.26 lakhs. With a market cap of Rs 1157.94 crore, the stock has generated a multibagger return of 192.99 per cent from its 52-week low of Rs 33.85. The stock has experienced a price volume breakout and a volume spike, reaching a new 52-week high. The RSI is at 77.01, indicating that the stock may be in an overbought condition.
Reliance Infrastructure Ltd: Reliance Infrastructure Ltd is trading at Rs 237.7, a 5.31 per cent increase from the previous close of Rs 225.71. The 52-week high for the stock is Rs 247.3. Today’s traded volume is 191.53 lakhs, with a market cap of Rs 9418.96 crore. The stock has returned 64.56 per cent from its 52-week low of Rs 144.4. The stock is showing a price volume breakout and a volume spike, approaching its 52-week high. The RSI is at 66.07, suggesting the stock is nearing overbought levels.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Allcargo Logistics Ltd
|
67.31
|
6,65,57,225
|
|
2
|
Radhika Jeweltech Ltd
|
98.22
|
2,06,25,587
|
|
3
|
Reliance Infrastructure Ltd
|
238.44
|
1,91,52,844
|
|
4
|
Sammaan Capital Ltd
|
170.56
|
1,91,37,020
|
|
5
|
Angel One Ltd
|
2696.9
|
1,47,03,506
|
|
6
|
Sanstar Ltd
|
132.76
|
1,38,18,781
|
|
7
|
Poonawalla Fincorp Ltd
|
399.75
|
1,22,54,894
|
|
8
|
Everest Kanto Cylinder Ltd
|
190.68
|
1,03,42,469
|
|
9
|
Vaibhav Global Ltd
|
340.85
|
1,00,23,315
|
|
10
|
Balrampur Chini Mills Ltd
|
570.85
|
83,31,451
|
Disclaimer: The article is for informational purposes only and not investment advice.