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 closed lower by 1.48 per cent and closed at 79,043.74, while Nifty closed lower by 1.49 per cent and closed at 23,914.15 level. However, the Broader market, Nifty Mid-Cap closed higher by 0.05 per cent at 56,300.75, while Nifty Small-Cap closed higher by 0.05 per cent and closed at 18,511.55.
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Market volatility, as indicated by India VIX, rose by 3.96 per cent and is trading at the level of 15.21 reflecting a rise in market volatility.
Top 3 price-volume breakout stocks:
Adani Power Ltd: Adani Power Ltd is currently trading at Rs 557, showing a 6.49 per cent increase from the previous close of Rs 523.05. The stock recorded a high of Rs 583.8 during the day with a trading volume of 6.08 crore shares, indicating strong activity. Adani Power has delivered a return of 36.86 per cent from its 52-week low, reflecting its upward trend. The stock remains well below its 52-week high of Rs 895.85, suggesting room for potential movement. Today's price-volume breakout and volume spike highlight increased participation in the stock.
Ujjivan Small Finance Bank Ltd: Ujjivan Small Finance Bank Ltd is trading at Rs 35.94, up by 7.16 per cent from its previous close of Rs 33.54. It reached a high of Rs 36.55 today with a trading volume of 5.57 crore shares. The stock has bounced back from its 52-week low and shows a return of 12.28 per cent from that level. Its 52-week high is Rs 63, indicating the current price is significantly lower. A price-volume breakout and volume spike signify heightened market activity in the stock.
Indian Renewable Energy Dev Agency Ltd: Indian Renewable Energy Dev Agency Ltd is trading at Rs 209.5, marking a 6.24 per cent rise from the previous close of Rs 197.19. The stock hit a high of Rs 213 during the session with a trading volume of 2.75 crore shares. It has achieved multibagger returns of 319.00 per cent from its 52-week low, reflecting a robust upward trajectory. Despite being below its 52-week high of Rs 310, today's price-volume breakout and volume spike indicate increased interest in the stock.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Adani Power Limited
|
561
|
6,07,75,609
|
|
2
|
Ujjivan Small Finance Bank Ltd
|
35.84
|
5,57,47,365
|
|
3
|
Indian Renewable Energy Development Agency Ltd
|
208.41
|
2,74,98,429
|
|
4
|
Adani Total Gas Ltd
|
803.85
|
1,96,63,248
|
|
5
|
Iti Limited
|
295.67
|
1,72,12,538
|
|
6
|
Bliss Gvs Pharma Limited
|
159.71
|
1,71,03,212
|
|
7
|
Adani Energy Solutions Ltd
|
726.85
|
92,55,657
|
|
8
|
Edelweiss Financial Services Limited
|
123.76
|
75,17,623
|
|
9
|
Man Infraconstruction Limited
|
212.15
|
68,72,362
|
|
10
|
ACME Solar Holdings Ltd
|
279.1
|
47,70,614
|
Disclaimer: The article is for informational purposes only and not investment advice.