Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Price Volume breakout stocks: These stocks likely to be in focus tomorrow!

Prajwal Wakhare

The Nifty 50 experienced a downward trend in today's intraday trading session, closing at 21,665.80, reflecting a decline of 76.10 points or 0.35 per cent.

The Nifty 50 experienced a downward trend in today's intraday trading session, closing at 21,665.80, reflecting a decline of 76.10 points or 0.35 per cent.

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The market opened at 21,751.35 and reached a high of 21,755.60 but faced a low of 21,555.65 during the day.

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Top 3 price-volume breakout stocks

Lemon Tree Hotels Ltd. exhibits promising technical indicators today, with a noteworthy price volume breakout as the stock surged from the day's low of 121 to the current market price (CMP) of 130. The bounce from the 50-day Exponential Moving Average (EMA) signals strong support, indicating potential upward momentum. The Relative Strength Index (RSI) at 68.62 suggests the stock is in a bullish zone without being overbought. The ascending triangle chart pattern and the accompanying volume spike further validate the positive sentiment, hinting at a potential breakout.

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Engineers India Ltd. (EIL) exhibited a strong performance today with a notable price volume breakout, surging from an open of 182.7 to a high of 204.4, while maintaining a robust support at 50-day EMA at 176.2, signalling a bullish trend. The Relative Strength Index (RSI) stands at 77.13, indicating the stock's overbought condition, suggesting potential caution. The resistance level at Rs 206.90 could pose a challenge, and traders should monitor the stock's ability to breach this level for further upside. The observed volume spike adds credibility to the upward move, reflecting heightened investor interest.

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Paradeep Phosphates Ltd. exhibits a robust technical outlook today, as the stock demonstrates a notable price volume breakout, surging from an open of 71.3 to a high of 77.45 while maintaining a strong support at the 50-day EMA. The Relative Strength Index (RSI) stands at a bullish 71.89, indicating a favorable momentum. With the stock trading at an all-time high, it showcases significant strength in the current uptrend. The observed volume spike further reinforces the bullish sentiment, suggesting increased participation from traders and investors.

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The following is a list of stocks with a strong positive breakout:

Sr.

Stock Name

Change

Price

Volume

1

Lemon Tree Hotels Ltd

9.39

129.85

8,01,74,681

2

Engineers India Limited

8.5

197.2

5,68,55,386

3

Paradeep Phosphates Ltd

8.25

76.8

3,44,24,246

4

Pc Jeweller Limited

9.55

55.05

3,32,99,237

5

Aditya Birla Fashion And Retail Limited

7.31

242.35

2,75,64,558

6

Meghmani Organics Ltd

15.88

90.85

2,50,37,865

7

Shipping Corporation Of India Limited

6.16

174

2,05,84,245

8

Sigachi Industries Ltd

15.3

59.55

1,96,59,813

9

Sun Pharma Advanced Research Company Limited

10.05

338.4

1,84,03,307

10

3i Infotech Ltd

7.9

56.65

1,82,16,315

11

Bhansali Engineering Polymers Limited

10.23

114.2

1,17,23,520

12

Sequent Scientific Limited

5.86

121.9

91,67,723

13

Satin Creditcare Network Limited

7.98

265.2

72,39,678

14

Lupin Limited

6.21

1394.35

71,20,785

15

Eih Limited

5.86

265.55

68,62,998

16

S H Kelkar And Company Limited

12.2

161.45

61,28,260

17

Suven Life Sciences Limited

8.09

88.8

55,28,628

18

Dishman Carbogen Amcis Ltd

6.51

190.6

52,48,546

19

B. L. Kashyap And Sons Limited

5.3

71.5

49,42,165

20

JTEKT India Ltd

7.08

170.05

48,26,976

 

Disclaimer: The article is for informational purposes only and not investment advice.

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