Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
India's benchmark equity indices advanced on Monday, driven by gains in financial stocks, positive global cues, bargain buying, and stock-specific movements.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
The Sensex closed 340 points or 0.46 per cent higher at 74,169, while the Nifty closed 111 points or 0.50 per cent higher at 22,508. The Nifty Bank closed in green and settled at 48,354. Financial stocks accounted for nearly two-thirds of the Nifty's gains.
Broader indices closed higher, where Nifty Mid-Cap soared by 0.70 per cent, while Nifty Small-Cap ended marginally higher by 0.48 per cent.
Top 3 price-volume breakout stocks:
ELGI Equipments Ltd: ELGI Equipments Ltd is currently trading at Rs 518 after reaching a high of Rs 526.65 during the session. The stock has shown a price volume breakout with a volume spike, recording a traded volume of 2.07 crore shares. The previous close was Rs 443.5, reflecting a 16.80 per cent increase. The 52-week high stands at Rs 798.95, while the returns from the 52-week low are 25.61 per cent. The price movement suggests strong market participation, with the stock witnessing significant trading activity.
NACL Industries Ltd: NACL Industries Ltd is currently trading at Rs 110.85, which is also the day’s high. The stock recorded a traded volume of 1.69 crore shares and saw a sharp move from its previous close of Rs 92.38, registering a 19.99 per cent increase. The stock has hit a new 52-week high at Rs 110.85, and its returns from the 52-week low stand at 126.22 per cent, indicating multibagger returns. The stock has witnessed a price volume breakout along with a volume spike.
Indian Energy Exchange Ltd: Indian Energy Exchange Ltd is currently trading at Rs 162.5 after touching a high of Rs 163.22 during the session. The stock recorded a traded volume of 1.64 crore shares and is up 5.82 per cent from the previous close of Rs 153.56. The 52-week high is Rs 244.4, and the returns from the 52-week low are 23.29 per cent. The stock has shown a price volume breakout along with a volume spike, indicating strong market interest.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Elgi Equipments Limited
|
505.05
|
2,06,67,225
|
|
2
|
NACL Industries Ltd
|
110.85
|
1,69,20,958
|
|
3
|
Indian Energy Exchange Ltd
|
162.67
|
1,64,19,805
|
|
4
|
Kec International Limited
|
718.3
|
1,30,16,515
|
|
5
|
Karur Vysya Bank Limited
|
197.52
|
67,26,120
|
|
6
|
Avanti Feeds Limited
|
891.7
|
33,33,615
|
|
7
|
Vijaya Diagnostic Centre Ltd
|
1067.45
|
27,26,086
|
|
8
|
Samhi Hotels Ltd
|
145.32
|
26,83,652
|
|
9
|
Kamat Hotels (i) Limited
|
338.1
|
16,56,411
|
|
10
|
Td Power Systems Limited
|
340.35
|
12,68,424
|
Disclaimer: The article is for informational purposes only and not investment advice.