Price Volume breakout stocks: These stocks likely to be in focus tomorrow!
Top 3 price-volume breakout stocks
On June 4, Indian equity indices closed higher, snapping their 3-day losing streak. Both the Nifty and the Sensex traded in a 100-point range throughout the day. The Nifty 50 jumped by 77.70 points (0.32 per cent) to settle at 24,620.20. The Sensex ended higher by 260.74 points (0.32 per cent) at 80,998.25.
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Top 3 price-volume breakout stocks:
Ircon International Ltd: Ircon International Ltd recorded a strong technical performance with a price-volume breakout and a volume spike as over 10.15 crore shares were traded. The stock is currently trading at Rs 221.10, marking a 14.00 per cent rise from its previous close of Rs 193.94. The stock has delivered 64.71 per cent returns from its 52-week low. With a market capitalisation of Rs 20,676.30 crore, the stock touched an intraday high of Rs 223.75. While the 52-week high stands at Rs 351.60, the stock continues to trade below that mark. The volume activity combined with the price movement signals a strong move during the session, reflecting active participation. The sharp price change with heavy volumes indicates heightened market interest and notable activity.
Swiggy Ltd: Swiggy Ltd witnessed a notable volume of 5.26 crore shares traded during the session, showing a price-volume breakout with volume spike. The stock is currently trading at Rs 360.80, up 8.28 per cent from the previous close of Rs 333.20. With a market capitalisation of Rs 82,928.65 crore, the stock recorded a high of Rs 364.95 during the day. The 52-week high for the stock is Rs 617.30, and the returns from its 52-week low stand at 21.48 per cent. The price movement supported by high trading volumes indicates strong activity. The session's gain is backed by increased buying momentum, resulting in a firm up-move in price supported by volumes.
Rail Vikas Nigam Ltd: Rail Vikas Nigam Ltd displayed a price-volume breakout and saw a spike in volumes, with around 4.11 crore shares traded. The stock is currently trading at Rs 431.45, showing a 6.86 per cent increase from its previous close of Rs 403.75. The company’s market capitalisation is Rs 89,823.89 crore, and the intraday high stood at Rs 434.80. It has returned 41.46 per cent from its 52-week low. Although it remains below the 52-week high of Rs 647, the sharp price rise along with volume activity signals strong momentum during the session. The combination of volume and price indicates growing interest and active trading for the day.
Following is a list of stocks with a strong positive breakout:
|
Sr.
|
Stock Name
|
Price
|
Volume
|
|
1
|
Ircon International Ltd
|
220.46
|
10,15,47,037
|
|
2
|
Swiggy Ltd
|
362.75
|
5,26,33,798
|
|
3
|
Rail Vikas Nigam Ltd
|
429.95
|
4,11,36,592
|
|
4
|
Mahanagar Telephone Nigam Limited
|
52.35
|
4,08,08,456
|
|
5
|
Railtel Corporation of India Ltd
|
442.05
|
3,25,62,911
|
|
6
|
Reliance Infrastructure Limited
|
380.6
|
2,83,89,224
|
|
7
|
Allcargo Logistics Limited
|
33.26
|
2,20,07,247
|
|
8
|
Texmaco Rail & Engineering Limited
|
171.98
|
1,84,35,928
|
|
9
|
Servotech Power Systems Ltd
|
164.08
|
1,56,91,638
|
|
10
|
Swan Energy Limited
|
449.2
|
1,41,99,212
|
Disclaimer: The article is for informational purposes only and not investment advice.