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

On Tuesday, Benchmark indices concluded the trading day on a negative note as Sensex marginally declined by 0.08 per cent and closed at 74,683.71 level, while Nifty also declined by 0.1 per cent and closed at 22,642.75 level. Whereas, the Broader market experienced mixed performance as the Nifty Mid-Cap closed marginally lower by 0.29 per cent, while the Nifty Small-Cap gained by 0.27 per cent.

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Market volatility, as indicated by India VIX, has declined by 2.2 per cent, reflecting a decrease in market volatility.

Top 3 price-volume breakout stocks

Hindustan Copper Ltd: Hindustan Copper Ltd. saw a significant surge today, trading at Rs 366.4, up by 7.74 per cent from the previous close of Rs 331.35. This surge is backed by a massive traded volume of 60,120,542 shares. The stock is currently at its 52-week high, indicating a bullish trend. Additionally, the Relative Strength Index (RSI) stands at 76.19, suggesting overbought conditions but also potential for further uptrend. Investors should keep an eye on this stock as it continues its upward trajectory, fueled by the price volume breakout and volume spike.

NSE:HINDCOPPER Chart Image by prajwalwakhare

Sterlite Technologies Ltd: Sterlite Technologies Ltd recorded a notable increase in trading activity, with a traded volume of 37,762,489 shares, driving its price to Rs 146.4, up by 10.05 per cent from the previous close of Rs 127.35. This surge is supported by a price volume breakout and a volume spike. Moreover, the stock has crossed its 50-day Exponential Moving Average (EMA), signaling a bullish trend. The RSI at 65.05 further confirms the positive momentum. Investors should closely monitor this stock for potential continued gains.

NSE:STLTECH Chart Image by prajwalwakhare

Castrol India Limited: Castrol India Limited witnessed a strong bullish move, trading at Rs 226.8, up by 6.99 per cent from the previous close of Rs 207.5, on a traded volume of 31,474,190 shares. The stock has broken its 52-week high, indicating a bullish breakout. Furthermore, the RSI stands at 65.87, suggesting increasing buying interest. Previously, the stock bounced from its Exponential Moving Average (EMA) support, adding to its bullish sentiment. Investors should consider this stock for potential upside opportunities, given its recent price volume breakout and volume spike.

NSE:CASTROLIND Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Hindustan Copper Limited

358.35

6,01,20,542

2

Sterlite Technologies Limited

141.25

3,77,70,871

3

Castrol India Limited

223.4

3,14,74,190

4

Hindustan Zinc Limited

398.4

2,10,23,442

5

Shree Renuka Sugars Limited

45.35

2,00,78,260

6

Sadbhav Engineering Limited

38.7

1,42,86,346

7

Capacite Infraprojects Ltd

302.7

76,97,077

8

Dolat Algotech Ltd

91.55

76,94,333

9

Tpl Plastech Limited

79.95

53,71,785

10

Puravankara Projects Limited

293.35

50,16,001

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

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