Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Frontline indexes finished the trading day on a down note on Monday. The Sensex settled at 71,072.49, a 0.73 per cent decrease, while the Nifty fell by 0.76 per cent to close at 21,616.05. In a similar vein, the Broader market also saw a significant downturn, with Nifty Mid-Cap closing 2.48 per cent down and Nifty Small-Cap falling 4.01 per cent.
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The India VIX, which measures market volatility, has increased by 3.98 per cent, indicating a rise in market volatility.
Top 3 price-volume breakout stocks
Sindhu Trade Links Ltd: The stock has seen a significant bullish move since its listing, with a strong breakout in price and volume. Today, it closed at Rs 39.9, up 9.47 per cent from the previous close, reaching a high of Rs 42.6 and a low of Rs 36.8. The Relative Strength Index (RSI) is at 81.02, indicating overbought conditions. This suggests caution as the stock may be due for a correction despite the rising volume and price breakout.
Parag Milk Foods Ltd: Parag Milk Foods witnessed a multi-year breakout, reaching a high of Rs 289.75 and a low of Rs 265.55. Today, it closed at Rs 282.85, marking an 8.10 per cent increase from the previous close. The RSI stands at 78.70, showing strong momentum without reaching overbought levels. The stock has been consistently rising, supported by increasing volumes on up days. The next minor resistance or target is at Rs 366.
Jubilant Ingrevia Ltd: Trading in a channel pattern, Jubilant Ingrevia broke out in both price and volume. It closed today at Rs 486.5, up 12.88 per cent from the previous close, with a high of Rs 494.45 and a low of Rs 432.75. The RSI, at 59.80, indicates a healthy trend without overbought conditions. The stock also bounced off a lower trendline and crossed its 20-day Exponential Moving Average (EMA), suggesting further upward potential.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Sindhu Trade Links Ltd
|
40.25
|
4,74,65,761
|
|
2
|
Parag Milk Foods Limited
|
280.55
|
1,17,08,677
|
|
3
|
Jubilant Ingrevia Ltd
|
483.2
|
95,09,875
|
|
4
|
Kcp Limited
|
214.8
|
94,81,248
|
|
5
|
Star Cement Ltd
|
208.35
|
91,24,228
|
|
6
|
Zydus Lifesciences Ltd
|
856.65
|
69,52,116
|
|
7
|
Radhika Jeweltech Ltd
|
64.9
|
50,12,144
|
|
8
|
Global Health Ltd
|
1346.5
|
31,03,581
|
|
9
|
Strides Shasun Limited
|
755.15
|
31,00,700
|
|
10
|
Trf Limited
|
473.4
|
19,63,730
|
Disclaimer: The article is for informational purposes only and not investment advice.