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 substantially declined by 0.62 per cent and closed at 72,943.68 level, while Nifty also plunged by 0.56 per cent and closed at 22,147.90 level. Whereas the Broader market experienced mixed performance as Nifty Mid-Cap closed marginally lower by 0.09 per cent, while the Nifty Small-Cap gained by 0.75 per cent.

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Market volatility, as indicated by India VIX, has surged by 1.2 per cent, reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Exide Industries Ltd: Exide Industries' stock price rose 15 per cent to Rs 470.4 today, up from the previous closing of Rs 409.05. This increase was accompanied by a large trading volume of 73,697,304 shares. At 90.16, the Relative Strength Index (RSI) shows overbought circumstances, implying a strong upward trend. Furthermore, the stock saw a price volume breakout, reaching a 52-week high.

NSE:EXIDEIND Chart Image by prajwalwakhare

Dhani Services Ltd: Dhani Services Ltd's share price jumped sharply today, closing at Rs 48.6, up 16.83 per cent from the previous close of Rs 41. The trading volume was high, reaching 41,676,754 shares. Currently trading at Rs 48.6, the stock had a price volume breakout, with a big volume rise indicating strong investor interest. Furthermore, the stock has recovered from its 50-day Exponential Moving Average (EMA), boosting confidence. The relative strength indicator (RSI) was at 66.69, indicating bullish momentum.

NSE:DHANI Chart Image by prajwalwakhare

Coffee Day Enterprises Ltd: Coffee Day Enterprises displayed positive momentum today, rising to Rs 69.9 from Rs 64.7 at the previous closing, representing an 8.04 per cent increase. This upward rise was aided by a high trading volume of 39,348,398 shares. The Relative Strength Index (RSI) is currently at 74.91, suggesting that the market is overbought and there is high buying demand. Furthermore, the stock demonstrated a price volume breakout and recovered from previous support levels, reaching a 52-week high.

NSE:COFFEEDAY Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Exide Industries Ltd

459.8

7,36,97,304

2

Dhani Services Ltd

48

4,16,78,304

3

Coffee Day Enterprises Ltd

70.1

3,93,48,398

4

Marksans Pharma Ltd

176.7

1,60,51,375

5

Sterlite Technologies Ltd

142.25

1,23,27,534

6

Amara Raja Energy & Mobility Ltd

967.95

1,13,24,239

7

Aegis Logistics Ltd

525.95

87,42,384

8

Exicom Tele-Systems Ltd

258.9

53,24,662

9

Va Tech Wabag Ltd

923.9

44,89,197

10

Dolat Algotech Ltd

95.2

41,30,098

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

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