Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Indian equity benchmark indices moved higher on Tuesday as investors picked up beaten-down stocks, driven by optimism that the market may have stabilized after entering correction territory in November. Benchmark indices logged the highest monthly gains in the last one month.
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The Sensex closed 1100 points or 1.49 per cent higher at 74,278, while the Nifty closed 325 points or 1.45 per cent higher at 22,834. The Nifty Bank closed 960 points higher and settled at 49,314. Nifty 50 closed above 20-day EMA after 24 trading sessions. The Relative Strength Index of the Nifty 50 Index crossed above the 50 level, indicating positivity in the market sentiment.
Broader indices closed higher, where Nifty Mid-Cap soared by 2.18 per cent, while Nifty Small-Cap ended marginally higher by 2.71 per cent.
Nifty Realty, Nifty Media, and Nifty Consumer Durables are among the Top Gainers; all sectors are traded in green.
Top 3 price-volume breakout stocks:
Ola Electric Mobility Ltd: Ola Electric Mobility Ltd is currently trading at Rs 52.97 after reaching a high of Rs 54.37 during the session. The stock has recorded a traded volume of 19.02 crore shares, showing a price volume breakout with a volume spike. The previous close was Rs 46.93, reflecting a 12.87 per cent increase. The 52-week high stands at Rs 157.4, while the returns from the 52-week low are 14.23 per cent. The price movement indicates strong market activity, with increased participation in today's session.
Zomato Ltd: Zomato Ltd is currently trading at Rs 218.91, reaching a high of Rs 219.1 during the session. The stock recorded a traded volume of 7.92 crore shares and moved up 7.47 per cent from its previous close of Rs 203.69. The 52-week high is Rs 304.7, and the returns from the 52-week low stand at 49.63 per cent. The stock has shown a price volume breakout along with a volume spike, indicating strong trading activity.
Ircon International Ltd: Ircon International Ltd is currently trading at Rs 145.6 after touching a high of Rs 150.4 during the session. The stock recorded a traded volume of 3.61 crore shares and gained 5.38 per cent from the previous close of Rs 138.17. The 52-week high is Rs 351.6, while the returns from the 52-week low stand at 8.46 per cent. The stock has witnessed a price volume breakout with a volume spike, reflecting strong market participation.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ola Electric Mobility Ltd
|
52.77
|
19,01,86,131
|
|
2
|
Zomato Ltd
|
218.19
|
7,92,01,906
|
|
3
|
Ircon International Ltd
|
145.92
|
3,60,99,245
|
|
4
|
One Mobikwik Systems Ltd
|
297.95
|
3,27,01,471
|
|
5
|
Morepen Laboratories Limited
|
48.37
|
3,06,28,750
|
|
6
|
Welspun Living Ltd
|
128.82
|
2,59,00,658
|
|
7
|
Reliance Power Limited
|
34.8
|
2,33,54,794
|
|
8
|
Indian Renewable Energy Development Agency Ltd
|
145.95
|
2,31,00,355
|
|
9
|
Triveni Turbine Limited
|
576.05
|
2,03,60,083
|
|
10
|
Quadrant Future Tek Ltd
|
531
|
1,26,30,038
|
Disclaimer: The article is for informational purposes only and not investment advice.