Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
DSIJ Intelligence-2 / 08 Jan 2024/ Categories: Mindshare, Swing Trading, Trending
The market opened at 21,747.60 but failed to sustain the initial momentum, reaching a high of 21,763.95 and a low of 21,492.90.
In today's intraday trading session, the Nifty 50 exhibited a downward trend, closing at 21,513.00 with a notable decrease of 197.80 points, reflecting a decline of 0.91 per cent.
The market opened at 21,747.60 but failed to sustain the initial momentum, reaching a high of 21,763.95 and a low of 21,492.90.
Top 3 price-volume breakout stocks
TV18 Broadcast Ltd (CMP: Rs 57.4): TV18 Broadcast Ltd shows strong technical signals today. The stock has experienced a price volume breakout, with the current price at Rs 57. It is trading above all important moving averages, indicating a bullish trend. The bounce from the 50-day EMA further supports the positive sentiment. The RSI stands at 71.46, suggesting that the stock is in overbought territory. Additionally, a 52-week breakout and a notable volume spike further enhance the bullish outlook.
Network18 Media & Investments Ltd (CMP: Rs 100.9): Network18 Media & Investments Ltd displays robust technical indicators in today's session. The stock has witnessed a price volume breakout, with the current price at Rs 100. Trading above all crucial moving averages indicates a strong uptrend, complemented by an RSI of 73.96, signifying overbought conditions. The presence of a volume spike adds confirmation to the bullish momentum.
DEN Networks Ltd (CMP: Rs 63.9): DEN Networks Ltd exhibits favorable technical patterns in today's trading. The stock has witnessed a price volume breakout, with the current price at Rs 63. The bounce from the trendline and 200-day EMA provides additional support to the bullish sentiment. The RSI at 72.11 suggests overbought conditions, and a volume spike, along with an ascending triangle breakout, further strengthens the positive outlook for the stock.
The following is a list of stocks with a strong positive breakout:
|
Sr. |
Stock Name |
Per cent Change |
Price |
Volume |
|
1 |
Tv18 Broadcast Limited |
5.34 |
57.2 |
8,49,68,499 |
|
2 |
Network18 Media & Investments Limited |
8.06 |
100.55 |
3,97,04,312 |
|
3 |
Den Networks Limited |
7.98 |
63.6 |
2,45,03,739 |
|
4 |
Trident Limited |
17.85 |
48.2 |
45,46,68,901 |
|
5 |
Mmtc Limited |
5.26 |
67.05 |
2,32,23,954 |
|
6 |
Snowman Logistics Limited |
13.92 |
77.35 |
2,24,22,469 |
|
7 |
Sula Vineyards Ltd |
19.42 |
662.05 |
1,63,39,597 |
|
8 |
Centrum Capital Ltd |
12.48 |
34.7 |
1,20,82,863 |
|
9 |
Axita Cotton Ltd |
13.53 |
33.15 |
1,12,26,619 |
|
10 |
Sigachi Industries Ltd |
5.81 |
67.4 |
1,03,13,123 |
|
11 |
Sequent Scientific Limited |
5.09 |
133.25 |
89,54,603 |
|
12 |
Ht Media Limited |
9.86 |
31.2 |
82,41,380 |
|
13 |
Allcargo Terminals Ltd |
10.6 |
76.7 |
82,01,144 |
|
14 |
Balaji Telefilms Limited |
10.3 |
90.45 |
78,81,716 |
|
15 |
Honasa Consumer Ltd |
6.24 |
473.45 |
62,08,737 |
|
16 |
Suven Life Sciences Limited |
8.31 |
101.05 |
57,51,329 |
|
17 |
BAJEL |
19.98 |
155.8 |
56,39,239 |
|
18 |
AGS Transact Technologies Ltd |
9.95 |
106.1 |
55,79,847 |
|
19 |
Capri Global Capital Limited |
14.61 |
889.75 |
41,39,420 |
|
20 |
Skipper Limited |
8.34 |
261 |
31,33,373 |
Disclaimer: The article is for informational purposes only and not investment advice.