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

Top 3 price-volume breakout stocks

Benchmark indexes had a poor day's trading on Monday. The Sensex ended the day at 72,790.14, down 0.48 percent, while the Nifty fell by 0.41 percent to settle at 22,122.05, the same level. In a similar vein, the Broader market saw slight losses as Nifty Mid-Cap ended the day down 0.05 per cent while Nifty Small-Cap fell by 0.01 per cent.

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The India VIX, which measures market volatility, has decreased by 4.21 per cent, indicating a rise in market volatility.

Top 3 price-volume breakout stocks

Infibeam Avenues Ltd: Today, Infibeam Avenues saw a positive movement, with the stock trading at Rs 36.9, marking a 6.96 per cent increase from the previous close of Rs 34.5. The stock has been showing signs of strength, bouncing back from its 20-day Exponential Moving Average (EMA) a while ago. Currently, it's nearing its 52-week high, making it a potential breakout candidate. The Relative Strength Index (RSI) is at 77.69, indicating bullish sentiment. Additionally, there's been a notable volume spike, suggesting increased interest from traders.

NSE:INFIBEAM Chart Image by prajwalwakhare

Zaggle Prepaid Ocean Services Ltd: Zaggle Prepaid Ocean Services had a strong trading session, reaching Rs 339.95, a significant 18.49 per cent increase from the previous close of Rs 286.9. The stock has displayed strong momentum, with a price volume breakout and base breakout occurring well before today's session. The RSI stands at 76.21, indicating bullish sentiment, and there's been a notable volume spike, reflecting increased activity. The stock also respected its 20-day EMA, adding to the positive outlook.

NSE:ZAGGLE Chart Image by prajwalwakhare

Kellton Tech Solutions Ltd: Kellton Tech Solutions witnessed positive movement, trading at Rs 109.1, up by 9.32 per cent from the previous close of Rs 99.8. The stock showed a price volume breakout and is currently finding support on a long-term trendline. It also bounced back from its 50-day EMA, indicating resilience. The RSI, at 63.19, suggests bullish sentiment. A volume spike further underscores increased trader interest in the stock.

NSE:KELLTONTEC Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Infibeam Incorporation Limited

36.75

9,10,21,517

2

Zaggle Prepaid Ocean Services Ltd

340.5

1,38,44,384

3

Kellton Tech Solutions Limited

108.55

1,10,15,477

4

Indo Count Industries Limited

351.85

90,97,174

5

Adani Energy Solutions Ltd

1176.15

89,52,639

6

PB Fintech Ltd

1098.85

55,65,709

7

Greenply Industries Limited

277.5

54,83,114

8

Ideaforge Technology Ltd

832.1

47,49,307

9

Pnb Gilts Limited

113.75

41,85,019

10

RPTECH

383.6

32,17,345

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

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