Price Volume breakout stocks: These stocks likely to be in focus Tomorrow!
Top 3 price-volume breakout stocks
On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex substantially gained by 0.93 per cent closing at 73,651.35 level, while Nifty also surged by 0.92 per cent and closed at 22,326.90 level. Similarly, the Broader market experienced moderate gains as the Nifty Mid-Cap closed moderately higher by 0.5 per cent, while Nifty Small-Cap marginally gained by 0.04 per cent.
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Market volatility, as indicated by India VIX, has surged by 1.02 per cent, reflecting a slight increase in market volatility.
Top 3 price-volume breakout stocks
Bank of Maharashtra: The stock of Bank of Maharashtra climbed to Rs 63.1 with a significant trading volume of 57,957,734 shares. Currently trading at Rs 62.1, it closed at Rs 59.15 previously, marking a 4.99% increase. This surge signals a price volume breakout, backed by a notable volume spike. The stock is rebounding from a strong support level at Rs 53.90, indicating a robust upward momentum. The Relative Strength Index (RSI) stands at 58.68, reflecting bullish sentiment. With the stock trading near its 52-week high of Rs 69.45 and showing no signs of slowing down, investors might anticipate further gains.
Indian Overseas Bank: Indian Overseas Bank saw its price climb to Rs 62 with a traded volume of 30,823,664 shares. Currently trading at Rs 59.9, it closed at Rs 56.9 previously, marking a 5.27% increase. The stock exhibits a price volume breakout accompanied by a notable volume spike while consolidating at a support level. The RSI at 48.50 suggests a neutral stance, with potential for bullishness if it surpasses 60. Trading around the 50-day Exponential Moving Average (EMA), the stock presents a stable outlook, with investors eyeing further upward movement.
UCO Bank: UCO Bank witnessed a price increase to Rs 53.35 with a trading volume of 27,813,819 shares. Currently trading at Rs 52, it closed at Rs 49.55 previously, marking a 4.94% increase. The stock displays a price volume breakout supported by a notable volume spike while consolidating at a support level. With an RSI of 48.49, it indicates a neutral sentiment. Trading around the 50-day EMA, the stock portrays stability, but investors might await stronger signals before expecting significant upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Bank Of Maharashtra
|
62.35
|
5,79,57,734
|
|
2
|
Indian Overseas Bank
|
59.95
|
3,08,23,764
|
|
3
|
Uco Bank
|
52.2
|
2,78,13,869
|
|
4
|
Vip Industries Limited
|
525.5
|
2,37,39,530
|
|
5
|
Aegis Logistics Limited
|
446.65
|
96,16,872
|
|
6
|
Latent View Analytics Ltd
|
507.75
|
70,87,852
|
|
7
|
Punjab & Sind Bank
|
59.75
|
55,86,956
|
|
8
|
Dilip Buildcon Limited
|
456.9
|
42,09,949
|
|
9
|
Hi-Tech Pipes Ltd
|
139.75
|
38,32,215
|
Disclaimer: The article is for informational purposes only and not investment advice.