Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a negative note as Sensex declined by 0.25 per cent and closed at 82,352.64, while Nifty declined by 0.32 per cent and closed at 25,198.70 level. Similarly, in the Broader market, the Nifty Mid-Cap closed lower by 0.13 per cent at 59,223.70, while the Nifty Small-Cap declined by 0.02 per cent and closed at 19,322.25.
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Market volatility, as indicated by India VIX, has increased by 3.90 per cent and is trading at the level of 14.38 reflecting an increase in market volatility.
Top 3 price-volume breakout stocks
Morepen Laboratories Ltd: Morepen Laboratories Ltd reached a 52-week high of Rs 93.88 today, closing at Rs 91.25. The trading volume was 8.95 crore shares, indicating strong activity. The stock showed a percent change of 10.98 per cent from the previous close of Rs 82.22. It achieved multibagger returns of 191.53 per cent from its 52-week low. The stock demonstrated a price volume breakout, with a notable volume spike and a 52-week high breakout. It currently has a Relative Strength Index (RSI) of 79.46, suggesting that the stock is experiencing significant momentum.
Geojit Financial Services Ltd: Geojit Financial Services Ltd saw a multi-year high of Rs 174.81 today, with a closing price of Rs 168.8. The trading volume reached 3.36 crore shares. The stock exhibited a percent change of 7.43 per cent from the previous close of Rs 157.13. With multibagger returns of 236.25 per cent from its 52-week low, the stock experienced a price volume breakout and a volume spike, marking a strong upward trend. The RSI stands at 87.48, indicating strong momentum.
Piramal Pharma Ltd: Piramal Pharma Ltd traded as high as Rs 190 today before closing at Rs 213.03. The trading volume amounted to 6.77 crore shares. The stock experienced a per cent change of 10.32 per cent from the previous close of Rs 193.1. It has achieved a one-year return of 102.98 per cent, signaling multibagger returns. The stock showed a price volume breakout, volume spike, and 52-week high breakout. The RSI is currently at 78.51, reflecting sustained upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Morepen Laboratories Ltd
|
90.79
|
9,15,50,207
|
|
2
|
Piramal Pharma Ltd
|
213.03
|
6,76,99,854
|
|
3
|
Geojit Financial Services
|
170.58
|
3,39,82,859
|
|
4
|
Dcw Ltd
|
91.21
|
1,55,76,996
|
|
5
|
Jubilant Ingrevia Ltd
|
742.35
|
1,42,26,797
|
|
6
|
Reliance Infrastructure Ltd
|
212.16
|
1,23,71,878
|
|
7
|
Sequent Scientific Ltd
|
177.08
|
1,01,97,937
|
|
8
|
Ccl Products (India) Ltd
|
832
|
93,50,653
|
|
9
|
Niit Ltd
|
190.41
|
91,70,675
|
|
10
|
Arihant Capital Markets Ltd
|
101.99
|
85,34,504
|
Disclaimer: The article is for informational purposes only and not investment advice.