Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, benchmark indices wrapped up the session on a positive note. Sensex climbed by 0.47 per cent to settle at 78,507.41, while Nifty 50 advanced 0.41 per cent to close at 23,742.90. In the broader market, Nifty Mid-Cap 150 gained 0.50 per cent to finish at 21,246.50, and Nifty Small-Cap 250 surged 0.88 per cent to end at 17,908.80.
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India VIX, a measure of market volatility, inched up by 0.41 per cent to settle at 14.51, reflecting a slight increase in uncertainty.
Top 3 price-volume breakout stocks:
SJVN Ltd: SJVN Ltd is currently trading at Rs 111, showing a per cent change of 6.31 per cent from the previous close of Rs 104.41. The stock recorded a high of Rs 112.33 during the day with a significant traded volume of 7.07 crore shares. Its market capitalization stands at Rs 43,560.38 crore. SJVN has bounced back from a support level after forming a double-bottom pattern. The stock has delivered returns of 24.93 per cent from its 52-week low. Price volume breakout and a notable volume spike indicate strong trading interest, and the stock is showing movement after rebounding from support levels.
Reliance Power Ltd: Reliance Power Ltd is currently trading at Rs 44.73, registering a per cent change of 5 per cent from the previous close of Rs 42.6. The day’s high also stood at Rs 44.73, with a traded volume of 3.3 crore shares. Its market capitalization is Rs 17,934.96 crore. The stock has crossed its 50-day EMA and recorded returns of 130.57 per cent from its 52-week low, achieving multibagger returns. A price volume breakout, coupled with a volume spike, shows heightened trading activity, with the stock bouncing back after holding above the 50-day EMA.
Tanla Platforms Ltd: Tanla Platforms Ltd is currently trading at Rs 753.1, reflecting a per cent change of 12.04 per cent from the previous close of Rs 672.15. The stock touched a high of Rs 772.65 during the session, with a traded volume of 2.61 crore shares. The market capitalization is Rs 10,091.79 crore. Tanla Platforms has delivered returns of 14.06 per cent from its 52-week low. A price volume breakout occurred, supported by a volume spike, as the stock crossed its 20-day and 50-day EMAs. This crossover may indicate continued trading momentum following its recent movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Sjvn Ltd
|
110.85
|
7,07,15,903
|
|
2
|
Reliance Power Ltd
|
44.73
|
3,30,05,564
|
|
3
|
Tanla Solutions Ltd
|
750.25
|
2,60,72,951
|
|
4
|
3i Infotech Ltd
|
33.67
|
1,02,25,354
|
|
5
|
Camlin Fine Sciences Ltd
|
142.53
|
83,57,327
|
|
6
|
Paradeep Phosphates Ltd
|
115.8
|
71,02,419
|
|
7
|
Equinox India Developments Ltd
|
123.69
|
70,65,305
|
|
8
|
Syrma SGS Technology Ltd
|
625
|
53,96,426
|
|
9
|
International Gemmological Institute (India) Ltd
|
594.9
|
53,50,965
|
|
10
|
Bliss Gvs Pharma Ltd
|
177.48
|
51,91,002
|
Disclaimer: The article is for informational purposes only and not investment advice.