Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On Tuesday, Benchmark indices concluded trading day on a negative note as Sensex significantly declined by 5.74 per cent and closed at 72,079.05 level, while Nifty plunged by 5.93 per cent and closed at 21,884.50 level. Similarly, the Broader market also experienced significant losses as Nifty Midcap closed lower by 7.88 per cent, while Nifty Smallcap plummeted by 8.23 per cent.
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Market volatility, as indicated by India VIX, has surged by 23.65 per cent and is trading around the level of 25.89 reflecting heightened market volatility.
Top 3 price-volume breakout stocks
Heritage Foods Ltd: Heritage Foods Ltd saw a significant price volume breakout today, with a substantial volume spike of 13,015,185 shares traded. The stock is currently trading at Rs 459, up from its previous close of Rs 426.6, marking a strong percent change of 7.59 per cent. It hit a new 52-week high of Rs 479.8, highlighting its impressive performance. The market cap stands at Rs 4,230.69 crore. Heritage Foods Ltd has delivered multibagger returns of 126.50 per cent from its 52-week low, showcasing robust investor confidence and momentum. The Relative Strength Index (RSI) is at a high 84.60, indicating overbought conditions. This remarkable uptrend and volume surge suggest continued bullish sentiment in the market for Heritage Foods Ltd.
Dabur India Ltd: Dabur India Ltd experienced a price volume breakout today, with a notable volume spike of 17,458,506 shares traded. The stock is currently trading at Rs 580, up from its previous close of Rs 544.8, reflecting a percent change of 6.46 per cent. It neared its 52-week high of Rs 597.1, underlining its strong upward momentum. The market cap is a substantial Rs 101,845.56 crore. Dabur India Ltd has shown returns of 18.56 per cent from its 52-week low, indicating steady growth. The RSI stands at 66.32, suggesting the stock is nearing overbought territory. This positive movement and high trading volume indicate strong investor interest and potential for further gains.
Hindustan Unilever Ltd: Hindustan Unilever Ltd saw a price volume breakout today with a volume spike of 7,826,048 shares traded. The stock is currently trading at Rs 2492.15, up from its previous close of Rs 2355.9, indicating a percent change of 5.78 per cent. The stock is consolidating near its 52-week high of Rs 2769.65, reflecting solid market confidence. The market cap is a massive Rs 586,593.01 crore. Hindustan Unilever Ltd has achieved returns of 14.74 per cent from its 52-week low, showing consistent performance. The RSI is at 69.57, suggesting the stock is in the overbought range. This breakout and volume increase highlight a bullish trend, with potential for continued upward movement.
The following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Heritage Foods Limited
|
455.45
|
1,30,15,185
|
|
2
|
Dabur India Limited
|
578.2
|
1,74,58,506
|
|
3
|
Hindustan Unilever Limited
|
2496.3
|
78,26,048
|
Disclaimer: The article is for informational purposes only and not investment advice.