Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded the trading day on a positive note as Sensex closed higher by 0.72 per cent and closed at 81,634.81, while Nifty closed higher by 0.97 per cent and closed at 25,035.40 level. Similarly, the Broader market, Nifty Mid-Cap closed higher by 2.33 per cent at 58,535.90, while Nifty Small-Cap closed higher by 2.05 per cent and closed at 18,617.65.
Market volatility, as indicated by India VIX, fell by 2.79 per cent and is trading at the level of 14.66 reflecting a fall in market volatility.
Top 3 price-volume breakout stocks:
Ola Electric Mobility Ltd traded at Rs 95.5, marking a 5.15 per cent rise from its previous close of Rs 90.82. The stock reached a high of Rs 96.78 during the day, with a trading volume of 11.33 crore shares. It has bounced back from its IPO listing levels and is currently at 25.66 per cent above its 52-week low. The 52-week high stands at Rs 157.4. The price and volume breakout indicate heightened activity, suggesting that the stock has seen a surge in buying interest, supported by a volume spike.
Bajaj Housing Finance Ltd closed at Rs 149.63, up 10 per cent from the previous close of Rs 136.03. The stock hit a high of Rs 149.63, with a trading volume of 6.59 crore shares. The current price represents a return of 14.79 per cent from its 52-week low. The stock touched its IPO listing level after a strong price and volume breakout, indicating a significant increase in market participation. The 52-week high is Rs 188.5.
Indian Railway Finance Corp Ltd traded at Rs 152.25, registering a 5.47 per cent increase from its previous close of Rs 144.35. The stock reached a high of Rs 152.5, supported by a trading volume of 4.37 crore shares. It has provided multibagger returns of 131.56 per cent from its 52-week low and has bounced back from minor support levels. The 52-week high is Rs 229. The price and volume breakout suggests an increase in demand, accompanied by a volume spike.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ola Electric Mobility Ltd
|
95.41
|
11,33,52,923
|
|
2
|
Bajaj Housing Finance Ltd
|
149.63
|
6,58,71,963
|
|
3
|
Indian Railway Finance Corporation Ltd
|
151.82
|
4,36,56,448
|
|
4
|
Himachal Futuristic Communications Ltd
|
140.67
|
3,65,91,834
|
|
5
|
One 97 Communications Ltd
|
750.6
|
3,53,78,353
|
|
6
|
Rail Vikas Nigam Ltd
|
487.05
|
1,95,76,432
|
|
7
|
Varun Beverages Ltd
|
590
|
1,93,93,475
|
|
8
|
Power Finance Corporation Ltd
|
465.85
|
1,82,24,388
|
|
9
|
Dhani Services Ltd
|
53.02
|
1,70,75,189
|
|
10
|
Indian Renewable Energy Development Agency Ltd
|
224.39
|
1,45,45,604
|
Disclaimer: The article is for informational purposes only and not investment advice.