Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
Benchmark indexes had a good end to the trading day on Friday, with the Sensex closing at a level of 72,426.64 after a 0.52 per cent gain, and the Nifty closing at 22,040.70 after a 0.59 per cent gain. Nifty Mid-Cap ended the day up 0.64 per cent, and Nifty Small-Cap shot up 0.55 per cent, indicating that the Broader market also saw modest gains.
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The India VIX, which measures market volatility, has slightly decreased by 0.02 percent, indicating a modest fall in market volatility.
Top 3 price-volume breakout stocks
Rain Industries Ltd: The stock of Rain Industries had a strong day, with prices breaking out of a supply zone and showing a significant increase in trading volume, indicating heightened investor interest. Despite encountering a minor resistance at Rs 208.05, the stock managed to close at Rs 200.95, marking an 11.14 per cent increase from the previous close. The Relative Strength Index (RSI) stands at 73.26, suggesting a bullish sentiment among traders. With a price volume breakout and stronger volumes on the weekly chart, the stock is poised for potential further gains, supported by the positive technical indicators.
Federal Bank Ltd: Federal Bank witnessed a bullish momentum as it broke out of consolidation, reaching a new 52-week high at Rs 165.80. The Relative Strength Index (RSI) at 74.64 indicates strong bullish sentiment among traders. The stock exhibited a price volume breakout accompanied by a volume spike, further reinforcing the bullish outlook. Closing at Rs 164.25, the stock demonstrated a 4.89 per cent increase from the previous close, highlighting investor confidence and potential for further upside movement.
Confidence Petroleum India Ltd: Confidence Petroleum India experienced a notable bounce back from its 50-day Exponential Moving Average (EMA) and trendline support, indicating renewed buying interest. The stock broke out to a new 52-week high at Rs 106.95 with a price volume breakout and accompanying volume spike, signalling increased investor participation. The Relative Strength Index (RSI) at 70.23 reflects bullish sentiment. Closing at Rs 103.20, the stock exhibited a 12.97 per cent increase from the previous close, showcasing strong upward momentum and potential for further gains.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Rain Industries Limited
|
201.1
|
6,06,18,217
|
|
2
|
The Federal Bank Limited
|
164.7
|
5,17,50,478
|
|
3
|
Confidence Petroleum India Ltd
|
103.65
|
3,24,92,220
|
|
4
|
General Insurance Corporation of India
|
427.2
|
2,21,69,397
|
|
5
|
Nectar Lifesciences Limited
|
43.15
|
2,11,09,358
|
|
6
|
New India Assurance Company Ltd
|
285.85
|
1,62,82,604
|
|
7
|
Imagicaaworld Entertainment Ltd
|
84.35
|
1,56,25,726
|
|
8
|
Natco Pharma Limited
|
1026.5
|
1,46,34,622
|
|
9
|
Morepen Laboratories Limited
|
52.85
|
1,37,05,176
|
|
10
|
Devyani International Ltd
|
158.75
|
1,12,88,044
|
Disclaimer: The article is for informational purposes only and not investment advice.