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 Friday, Benchmark indices concluded the trading day on a negative note as Sensex substantially declined by 1.06 per cent and closed at 74,244.90 level, while Nifty also plunged by 1.03 per cent and closed at 22,519.40 level. Similarly, the Broader market experienced negative performance as Nifty Mid-Cap closed moderately lower by 0.62 per cent, while Nifty Small-Cap plummeted by 0.62 per cent.

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Market volatility, as indicated by India VIX, has surged by 4.41 per cent, reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Hindustan Zinc Ltd: The stock of Hindustan Zinc Ltd is currently trading at Rs 431.2, up by 7.45% from the previous close of Rs 401.3. With a traded volume of 19,951,451, it shows a significant price volume breakout, accompanied by a volume spike. The Relative Strength Index (RSI) stands at 90.89, indicating overbought conditions. The stock has displayed strong momentum in recent trading sessions, suggesting potential for further upside. Its 52-week high and low are Rs 437.8 and Rs 284.6, respectively, reflecting its volatility. With a market capitalization of Rs 182,424.97 crore, investors should watch for potential continuation of the breakout.

NSE:HINDZINC Chart Image by prajwalwakhare

Ramco Systems Ltd: Ramco Systems Ltd is currently trading at Rs 392, marking a 14.99% increase from its previous close of Rs 340.9, with a traded volume of 10,150,099. The stock has experienced a price volume breakout and a volume spike, along with a 52-week breakout. The RSI is at 79.47, indicating strong bullish momentum. These factors suggest a likely continuation of the uptrend. The stock's 52-week high and low are Rs 407 and Rs 209.3, respectively. With a market capitalization of Rs 1,404.61 crore, investors should monitor for sustained upward movement.

NSE:RAMCOSYS Chart Image by prajwalwakhare

Central Depository Services (India) Ltd: Central Depository Services (India) Ltd is currently trading at Rs 2002.9, up by 6.42% from the previous close of Rs 1882.05, with a traded volume of 8,095,570. The stock exhibits a price volume breakout and a volume spike, accompanied by a consolidation breakout. The RSI is at 68.42, indicating bullish momentum. Its 52-week high and low are Rs 2067 and Rs 973.5, respectively. With a market capitalization of Rs 20,930.29 crore, investors should watch for potential further gains.

NSE:CDSL Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Hindustan Zinc Ltd

431.95

1,99,51,451

2

Ramco Systems Ltd

396.35

1,01,53,622

3

Central Depository Services Ltd

2008.1

80,95,570

4

Exicom Tele-Systems Ltd

241.9

59,77,945

5

Nandan Denim Ltd

43.65

57,00,459

6

Krystal Integrated Services Ltd

1016.3

41,06,803

7

Quess Corp Ltd

611.25

39,80,009

8

Ashiana Housing Ltd

335

35,70,388

9

Archean Chemical Industries Ltd

694.6

33,24,651

10

Mindteck (india) Ltd

288.8

18,71,648

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

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