Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
India's benchmark indices continued their decline this week, pressured by concerns over a worsening global trade war. The impact on the U.S. economy weighed heavily on major information technology stocks. The Sensex closed 200 points or 0.33 per cent lower at 73,828, while the Nifty closed 29 points or 0.08 per cent higher to 22,397. The Nifty Bank remained flat to settle at 48,060.
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Broader indices closed lower where Nifty Mid-Cap dropped by 0.75 per cent, while Nifty Small-Cap ended marginally lower by 0.98 per cent.
Nifty PSU Bank and Nifty Bank are the only two gainers, while Nifty Auto, Nifty Realty and Nifty Media were among the Top Losers.
Top 3 price-volume breakout stocks:
Mahanagar Telephone Nigam Ltd traded at a high of Rs 51.18 before closing at Rs 48.2, marking an increase of 11.47 per cent from the previous close of Rs 43.24. The stock saw a trading volume of 7.6 crore shares. Currently trading at Rs 48.2, the returns from the 52-week low stand at 54.49 per cent. The stock experienced a price volume breakout and a volume spike. The 52-week high is Rs 101.93, and the market capitalization is Rs 3,070.39 crore.
Mangalore Refinery and Petrochemicals Ltd reached a high of Rs 121.8 and closed at Rs 119.1, reflecting a gain of 6.25 per cent from the previous close of Rs 112.09. The trading volume was 4 crore shares. The stock is currently trading at Rs 119.1, with returns from the 52-week low at 20.40 per cent. It showed a price volume breakout and a volume spike. The 52-week high is Rs 259.9, with a market capitalization of Rs 20,922.91 crore.
NACL Industries Ltd touched a high of Rs 94 and closed at Rs 89.25, registering an increase of 12.15 per cent from the previous close of Rs 79.58. The stock recorded a trading volume of 1.36 crore shares. Currently trading at Rs 89.25, the returns from the 52-week low are 82.14 per cent. The stock witnessed a price volume breakout, a volume spike, and a 52-week high breakout. The market capitalization is Rs 1,842.51 crore.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Mahanagar Telephone Nigam Limited
|
48.88
|
7,60,30,206
|
|
2
|
Mangalore Refinery And Petrochemicals Limited
|
119.33
|
4,00,26,799
|
|
3
|
NACL Industries Ltd
|
92.38
|
1,35,77,534
|
|
4
|
Pasupati Acrylon Ltd
|
55.77
|
10,78,596
|
|
5
|
Arihant Capital Markets Ltd
|
71.68
|
10,49,303
|
|
6
|
HPL Electric & Power Limited
|
388
|
7,81,841
|
Disclaimer: The article is for informational purposes only and not investment advice.