Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Frontline indexes had a poor day on Tuesday, with Sensex closing 1.11 per cent down at 71,139.90 and Nifty ending the day at 21,522.10, down 0.99 per cent. In contrast, the Broader market showed a performance trend, with Nifty Small-Cap rising by 0.23 per cent and Nifty Mid-Cap closing somewhat lower by 0.39 per cent.
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Market volatility has increased by 2.69 per cent, as shown by the India VIX, which indicates a jump in market volatility.
Top 3 price-volume breakout stocks
Urja Global Ltd has witnessed a significant 10 per cent increase in its stock price, reaching a new high of Rs 31.35 from the previous close of Rs 28.5. The stock is exhibiting a price volume breakout and an all-time high breakout, signaling strong bullish momentum. However, caution is advised as the Relative Strength Index (RSI) stands at an extremely overbought 90.81. The volume spike and the upper circuit lock indicate heightened investor interest, but potential for a sharp rise should be monitored.
Trident Ltd has experienced a 7.32 per cent surge in its stock price, rising to Rs 48.4 from the previous close of Rs 45.1. The stock is showing positive signs with a price volume breakout and a retest at support. The mild bullish RSI at 64.84 suggests room for further upward movement. Additionally, the volume trading above the daily average indicates increased market participation. Investors should take note of the basing pattern breakout and the bounce back from the previous breakout level.
Zee Entertainment Enterprises Limited has seen a 5.84 per cent increase in its stock price, reaching Rs 171.2 from the previous close of Rs 161.75. The stock has demonstrated a price volume breakout, creating support at lower levels after a news impact. The oversold RSI at 27.79 suggests a potential reversal in the stock's downtrend. High volumes traded today indicate strong market activity, and investors should closely monitor the sustained support levels and the recovery from the oversold region in the RSI.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Urja Global Ltd
|
31.35
|
10,13,12,973
|
|
2
|
Trident Limited
|
48.2
|
7,73,37,155
|
|
3
|
Zee Entertainment Enterprises Limited
|
170.9
|
6,00,84,298
|
|
4
|
Indiabulls Housing Finance Limited
|
215
|
4,72,13,644
|
|
5
|
Irb Infrastructure Developers Limited
|
68
|
27,27,58,585
|
|
6
|
Radhika Jeweltech Ltd
|
60.1
|
1,56,15,087
|
|
7
|
Hemisphere Properties India Ltd
|
206.45
|
1,24,79,176
|
|
8
|
Paisalo Digital Ltd
|
117.85
|
1,08,88,039
|
|
9
|
Kirloskar Electric Company Limited
|
149.6
|
94,83,899
|
|
10
|
Ganesh Benzoplast Ltd
|
199.25
|
94,35,267
|
Disclaimer: The article is for informational purposes only and not investment advice.