Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Wednesday, Benchmark indices concluded the trading day on a positive note as Sensex moderately surged by 0.47 per cent and closed at 75,038.15 level, while Nifty also surged by 0.49 per cent and closed at 22,753.80 level. Similarly, the Broader market experienced positive performance as the Nifty Mid-Cap closed substantial higher by 0.97 per cent, while the Nifty Small-Cap gained by 0.73 per cent.
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Market volatility, as indicated by India VIX, has declined by 2.18 per cent, reflecting a decrease in market volatility.
Top 3 price-volume breakout stocks
Vedanta Ltd: The stock of Vedanta Ltd surged by 6.86 per cent to Rs 369.65 with a significant traded volume of 75,804,480 shares. It's currently trading at Rs 361.2, showing a breakout in price and volume along with a strong move in recent trading sessions. The Relative Strength Index (RSI) stands at 84.12, indicating overbought conditions. With a market cap of Rs 134,365.98 crore, it's hitting its 52-week high, suggesting bullish momentum likely to continue.
NMDC Steel Ltd: NMDC Steel Ltd experienced a price surge of 8.07 per cent to Rs 66.45 with a traded volume of 71,713,339 shares. Currently trading at Rs 65.65, it exhibits a price-volume breakout and a small flag breakout, indicating a potential uptrend continuation. The RSI at 66.55 suggests bullish momentum. With a market cap of Rs 19,250.77 crore, it's approaching its 52-week high, indicating a favorable outlook.
NMDC Ltd: NMDC Ltd saw a 5.61 per cent rise to Rs 244.45 with a traded volume of 47,579,341 shares. Currently trading at Rs 240.8, it's showing a price-volume breakout and awaiting a 52-week high breakout, along with a trendline breakout. The RSI at 67.77 suggests bullish momentum. With a market cap of Rs 70,689.07 crore, it indicates potential for further upside movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Vedanta Ltd
|
361.8
|
7,58,04,480
|
|
2
|
NMDC Steel Ltd
|
65.85
|
7,17,16,177
|
|
3
|
Nmdc Ltd
|
241.1
|
4,75,80,283
|
|
4
|
Hindustan Petroleum Corporation Ltd
|
487.45
|
1,43,35,901
|
|
5
|
Rain Industries Ltd
|
180.45
|
97,24,249
|
|
6
|
Jubilant Ingrevia Ltd
|
543.8
|
85,88,694
|
|
7
|
Tanla Solutions Ltd
|
985.9
|
82,44,073
|
|
8
|
Aarti Industries Ltd
|
736.25
|
52,01,170
|
|
9
|
Foods & Inns Ltd
|
162.7
|
47,26,660
|
|
10
|
Container Corporation Of India Ltd
|
970.7
|
45,86,719
|
Disclaimer: The article is for informational purposes only and not investment advice.