Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Friday, Benchmark indices concluded trading day on a positive note as Sensex moderately gained by 0.1 per cent and closed at 73,961.31 level, while Nifty surged by 0.19 per cent and closed at 22,530.70 level. Similarly, the Broader market experienced gains as Nifty Mid-Cap closed moderately higher by 0.54 per cent, while Nifty Small-Cap soared by 0.5 per cent.
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Market volatility, as indicated by India VIX, has surged by 2.4 per cent and is trading above the level of 24 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
NHPC Ltd: NHPC Ltd witnessed a strong performance today, with its share price hitting a high of Rs 110.45 before settling at Rs 108. The company traded an impressive volume of 59.70 crore shares. Currently trading at Rs 108, NHPC's stock has shown a 6.88 per cent increase from its previous close of Rs 101.05. This surge places it near its 52-week high of Rs 110.45, suggesting a potential breakout. The market cap stands at Rs 107,635.28 crore, and the stock has delivered multibagger returns of 146.84 per cent over the past year. The Relative Strength Index (RSI) is at 64.87, indicating strong momentum. The notable spike in volume and price movement signals a possible breakout, making NHPC a stock to watch closely for further gains.
Jindal Stainless Ltd: Jindal Stainless Ltd experienced a significant rally, reaching a high of Rs 837 and closing at Rs 795. The stock traded 4.47 crore shares, demonstrating robust trading activity. Currently trading at Rs 795, it saw a substantial 12.34 per cent increase from the previous close of Rs 707.65. Achieving a 52-week high of Rs 837 today, the stock is on an upward trajectory. With a market cap of Rs 65,400.33 crore, Jindal Stainless has generated exceptional one-year returns of 168.12 per cent. The RSI is at 70.45, indicating strong buying interest. The stock is also bouncing back from its 50-day EMA, further supporting its bullish outlook. The price and volume breakout suggests continued upward momentum, marking it as a potential growth candidate.
PB Fintech Ltd: PB Fintech Ltd showed impressive performance, with its price peaking at Rs 1345 and closing at Rs 1266.65. The stock's trading volume was 3.88 crore shares, highlighting significant market interest. Currently trading at Rs 1266.65, it has risen 6.44 per cent from the previous close of Rs 1190. The stock nears its 52-week high of Rs 1400.35, indicating a strong trend. With a market cap of Rs 58,119.77 crore, PB Fintech has delivered notable returns of 113.95 per cent over the past year. The RSI stands at 55.53, showing steady momentum. The price is bouncing from its 50-day EMA and support levels, coupled with a volume spike, signaling a potential continuation of its upward trend and positioning it as a strong breakout candidate.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Nhpc Ltd
|
107.25
|
59,69,96,129
|
|
2
|
Jindal Stainless Ltd
|
793.5
|
4,47,37,408
|
|
3
|
PB Fintech Ltd
|
1294.4
|
3,87,66,409
|
|
4
|
Adani Power Ltd
|
755.8
|
3,29,85,652
|
|
5
|
Sakuma Exports Ltd
|
34.9
|
2,12,52,313
|
|
6
|
Nlc India Ltd
|
236.5
|
1,32,75,977
|
|
7
|
Lloyds Engineering Works Ltd
|
64.95
|
1,09,42,043
|
|
8
|
Adani Total Gas Ltd
|
1039.3
|
85,53,215
|
|
9
|
J.kumar Infraprojects Ltd
|
755.75
|
75,23,549
|
|
10
|
Adani Enterprises Ltd
|
3411.35
|
63,84,589
|
Disclaimer: The article is for informational purposes only and not investment advice.