Price Volume breakout stocks: These stocks likely to be in focus Monday!
Top 3 price-volume breakout stocks
The Indian equity benchmark indices closed Friday’s session on a strong note, with the Nifty 50 rising by 243.45 points or 0.99 per cent, and the Sensex gaining 769.09 points, up 0.95 per cent. The Nifty Bank also ended higher, advancing 0.83 per cent to close at 55,398.25. Despite Friday’s gains, the Nifty 50 ended the week in negative territory, declining 0.67 per cent overall.
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, download the service details pdf here
Top 3 price-volume breakout stocks:
Reliance Power Ltd: Reliance Power Ltd witnessed a strong session with a 16.48 per cent gain from the previous close of Rs 44.59, currently trading at Rs 51.94. The stock reached an intraday high of Rs 53.1, just below its 52-week high of Rs 53.64. A volume spike was observed with trading volume crossing 42.92 crore shares, indicating increased market participation. The stock has delivered multibagger returns of 122.92 per cent from its 52-week low. The move was supported by a price-volume breakout, pointing to a strong interest from participants. Market capitalisation now stands at Rs 21,399.12 crore.
IFCI Ltd: IFCI Ltd closed at Rs 54.96, registering a 10.10 per cent rise from its previous close of Rs 49.92. It touched a high of Rs 56.3 during the day. The trading volume exceeded 11.40 crore shares, showing a volume spike. The stock is up 51.82 per cent from its 52-week low and is approaching its 52-week high of Rs 91.4. Currently trading at Rs 54.96, the move signals a price-volume breakout. The market capitalisation stands at Rs 14,461.21 crore.
Lloyds Engineering Works Ltd: Lloyds Engineering Works Ltd ended the day at Rs 51.36, up 6.42 per cent from its previous close of Rs 48.26. The stock reached an intraday high of Rs 53.99. The traded volume for the day stood at 2.97 crore shares, showing a rise in market activity. Currently trading at Rs 51.36, it is still below its 52-week high of Rs 82.59. Returns from the 52-week low are 15.39 per cent. The stock showed a price-volume breakout with a volume spike, indicating broader market interest. The company’s market capitalisation is Rs 7,527.13 crore.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Reliance Power Limited
|
51.9
|
42,92,37,402
|
|
2
|
Ifci Limited
|
55.26
|
11,40,20,115
|
|
3
|
Lloyds Engineering Works Ltd
|
51.28
|
2,97,26,469
|
|
4
|
Honasa Consumer Ltd
|
329.25
|
2,42,92,353
|
|
5
|
Reliance Infrastructure Limited
|
305.45
|
2,24,06,660
|
|
6
|
Hindustan Copper Limited
|
238.13
|
1,77,32,588
|
|
7
|
Enviro Infra Engineers Ltd
|
228.03
|
1,11,02,437
|
|
8
|
Finolex Industries Limited
|
208.96
|
90,18,008
|
|
9
|
Dam Capital Advisors Ltd
|
263.11
|
60,94,244
|
|
10
|
Indo Rama Synthetics (india) Limited
|
45.79
|
58,08,534
|
Disclaimer: The article is for informational purposes only and not investment advice.