Price Volume breakout stocks: These stocks likely to be in focus on Tuesday!

Prajwal Wakhare
Price Volume breakout stocks: These stocks likely to be in focus on Tuesday!

Top 3 price-volume breakout stocks

Monday's trading session saw benchmark indexes settle at a lower level. The Sensex fell 0.83 per cent to close at 73,502.64, and the Nifty fell by 0.72 per cent to close at 22,332.65. In a similar vein, the Broader market also saw notable losses, with Nifty Mid-Cap closing 0.39 per cent down and Nifty Small-Cap closing 1.99 per cent worse.

DSIJ’s ‘Micro Marvel' service recommends micro-cap stocks with the potential to grow multifold in long run. If this interests you, do download the service details here.

The India VIX, which measures market volatility, has increased by 2.46 per cent, indicating a rise in market volatility.

Top 3 price-volume breakout stocks

Jio Financial Services Ltd: Today, Jio Financial Services Ltd experienced a significant surge in its stock price, reaching a high of Rs 359.85, marking an all-time high breakout. This breakout was supported by a substantial increase in trading volume, indicating strong investor interest. Additionally, the Relative Strength Index (RSI) stands at 75.81, signaling a bullish momentum. The stock's prior upsurge gains of 22.71 per cent further validate the bullish sentiment. However, investors should note that the stock is currently trading at Rs 356.7, slightly below its intraday high, possibly indicating some profit-taking or selling pressure after hitting new highs.

NSE:JIOFIN Chart Image by prajwalwakhare

NLC India Ltd: NLC India Ltd witnessed a bounce from support levels, bolstered by a price volume breakout with a gap up opening, indicating renewed buying interest. The stock is currently trading near its 20-day Exponential Moving Average (EMA), providing additional support. Despite facing resistance at Rs 244.05, the stock managed to reach a high of Rs 232, showcasing resilience. The RSI at 48.95 suggests a neutral stance, with potential for further upside if buying momentum persists.

NSE:NLCINDIA Chart Image by prajwalwakhare

KEC International Ltd: KEC International Ltd observed a surge in trading volume today, accompanying a price volume breakout and a 52-week high breakout. However, the stock encountered some selling pressure after touching its intraday high of Rs 769.5. This selling pressure might be attributed to profit-taking or cautious investor sentiment. Nevertheless, the stock remains resilient, currently trading at Rs 739.9. Investors should monitor the stock's performance closely, especially considering the significance of today's breakout and the potential for further upward movement.

NSE:KEC Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Jio Financial Services Ltd

355.65

12,17,39,384

2

Nlc India Limited

232.75

5,82,85,428

3

Kec International Limited

748.4

46,88,721

4

Kalpataru Projects International Ltd

1107.45

36,67,314

5

Maan Aluminium Limited

154.95

16,88,711

6

Narayana Hrudayalaya Ltd.

1276.1

16,71,697

7

IKIO Lighting Ltd

301.3

11,75,987

8

Kirloskar Brothers Limited

1155.2

11,28,924

9

Chemfab Alkalis Ltd

694.55

10,45,175

10

Godfrey Phillips India Limited

3637.05

7,75,197

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

Rate this article:
3.7

Leave a comment

Add comment

DSIJ MINDSHARE

Mkt Commentary14-Oct, 2024

Penny Stocks14-Oct, 2024

Bonus and Spilt Shares14-Oct, 2024

Multibaggers14-Oct, 2024

Multibaggers14-Oct, 2024

Knowledge

Technical14-Oct, 2024

MF14-Oct, 2024

Technical11-Oct, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR