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 flat note as Sensex closed higher by 0.12 per cent and closed at 82,988.78, while Nifty slightly increased by 0.11 per cent and closed at 25,383.75 level. Similarly, the Broader market, Nifty Mid-Cap closed higher by 0.38 per cent at 60,259.75, while the Nifty Small-Cap rose by 0.16 per cent and closed at 19,537.75.

Market volatility, as indicated by India VIX, has declined by 0.72 per cent and is trading at the level of 12.46 reflecting a decline in market volatility.

Top 3 price-volume breakout stocks

IFCI Ltd: IFCI Ltd saw a price increase of 5.49 per cent, closing at Rs 74.13 compared to the previous close of Rs 70.27. The stock traded a volume of 4.54 crore shares, indicating a significant rise in activity. It reached a high of Rs 75.38 during the day. The stock is currently trading 18.9 per cent below its 52-week high of Rs 91.4. IFCI has given multibagger returns, rising 352.01 per cent from its 52-week low. The RSI of 54.87 reflects balanced momentum, suggesting neither overbought nor oversold conditions. The spike in volume and price highlights a potential price-volume breakout for the stock.

Oswal Greentech Ltd: Oswal Greentech Ltd hit its 52-week high of Rs 67.2 today, marking a 20 per cent rise, with the stock closing at Rs 67.2, compared to the previous close of Rs 56. The traded volume for the day was 3.35 crore shares. The company has given multibagger returns of 181.76 per cent from its 52-week low. The breakout at its 52-week high and a volume spike suggests strong buying interest. The RSI at 77.72 points towards an overbought condition, reflecting a strong upward trend in the stock.

Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd saw a price increase of 6.96 per cent, closing at Rs 82.65 against the previous close of Rs 77.27. The stock witnessed a trading volume of 1.75 crore shares. It reached an intraday high of Rs 83.95, while its 52-week high stands at Rs 93.4. The stock has gained 109.29 per cent from its 52-week low, delivering multibagger returns. The RSI is at 58.72, suggesting moderate momentum. The price-volume breakout and volume spike indicate increased trading activity in the stock.

The following is a list of stocks with a strong positive breakout:

Disclaimer: The article is for informational purposes only and not investment advice.