Price Volume breakout stocks: These stocks likely to be in focus on Tomorrow!
DSIJ Intelligence-2Categories: Mindshare, Swing Trading, Trending
The India VIX, which measures market volatility, has decreased by 5.61 per cent, indicating a notable decrease in market volatility.
Benchmark indexes had a successful end to the trading day on Thursday, with the Sensex finishing at 73,097.28, up 0.46 per cent, and the Nifty closing at 21,146.65, up 0.68 per cent. Comparably, the Broader market saw notable gains as Nifty Small-Cap surged by 3.45 per cent and Nifty Mid-Cap finished much higher by 2.02 per cent.
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The India VIX, which measures market volatility, has decreased by 5.61 per cent, indicating a notable decrease in market volatility.
Top 3 price-volume breakout stocks
NHPC Ltd: The stock of NHPC Ltd experienced a significant price volume jump, with a notable volume spike indicating heightened trading activity. It's currently trading near its high at Rs 85, showing a healthy bounce from the support level at Rs 73.6. The Relative Strength Index (RSI) stands at 46.44, indicating a neutral sentiment. While the stock closed 8.77 per cent higher than the previous day, it's essential to monitor if this momentum can sustain.
Indian Railway Finance Corp Ltd: Indian Railway Finance Corp Ltd witnessed a remarkable price volume jump accompanied by a notable volume spike, suggesting increased investor interest. Trading just below the upper trendline, the stock formed a bullish engulfing candlestick pattern, indicating potential upward momentum. However, the RSI at 46.43 signals a neutral stance. Despite closing 13.32 per cent higher than the previous day, the stock's trajectory will likely depend on its ability to break through the upper trendline resistance.
SJVN Ltd: SJVN Ltd showed resilience by bouncing from the support level, supported by a bullish engulfing candlestick pattern. Additionally, the stock experienced a price volume breakout, with a significant volume spike indicating heightened trading activity. The RSI at 50.20 suggests a mildly bullish sentiment. Despite the previous day's 16.45 per cent increase, it remains critical to monitor whether the stock can maintain its upward momentum amidst potential resistance levels.
The following is a list of stocks with a strong positive breakout:
|
Sr. |
Stock Name |
Price |
Volume |
|
1 |
Nhpc Limited |
85.05 |
21,86,53,139 |
|
2 |
Indian Railway Finance Corporation Ltd |
140.25 |
19,45,22,257 |
|
3 |
Sjvn Limited |
118.65 |
9,73,29,329 |
|
4 |
Bank Of Maharashtra |
58.3 |
4,61,98,087 |
|
5 |
Central Bank Of India |
60.6 |
4,09,06,348 |
|
6 |
Rail Vikas Nigam Ltd |
243.5 |
3,89,58,885 |
|
7 |
Ircon International Ltd |
208.5 |
3,87,00,567 |
|
8 |
Easy Trip Planners Ltd |
45.5 |
2,97,41,931 |
|
9 |
Hindustan Construction Company Limited |
35.2 |
2,77,91,398 |
|
10 |
Housing and Urban Development Corporation |
180.55 |
2,48,73,815 |
Disclaimer: The article is for informational purposes only and not investment advice.