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 negative note as Sensex declined by 0.03 per cent and closed below the 79,900 mark, while Nifty plunged by 0.03 per cent and closed below the 24,400 level. Whereas the Broader market experienced gains as Nifty Mid-Cap closed higher by 0.4 per cent, while Nifty Small-Cap surged by 0.69 per cent.

Market volatility, as indicated by India VIX, has declined by 3.03 per cent and is trading around the level of 14 reflecting a decrease in market volatility.

Top 3 price-volume breakout stocks

Indian Renewable Energy Development Agency Ltd: IREDA is currently trading at Rs 278.95, showing a significant rise from its previous close of Rs 247.28, marking a 12.81 per cent increase. With a high of Rs 289.33 and a traded volume of 20.07 crore shares, today's activity signals a price volume breakout and volume spike, suggesting potential bullish momentum. The stock's market cap stands at Rs 76,234.52 crore. IREDA has surged 457.90 per cent from its 52-week low, indicating multibagger returns. The Relative Strength Index (RSI) at 83.53 reflects strong buying interest, reinforcing the breakout scenario.

Bajaj Hindusthan Sugar Ltd: Bajaj Hindusthan Sugar is currently trading at Rs 43.96, up from the previous close of Rs 41.46, a 6.03 per cent increase. The stock hit a high of Rs 44.95 with a traded volume of 77.83 lakh shares, indicating a price volume breakout and a volume spike. It has a market cap of Rs 5,622.70 crore. The stock has returned 176.48 per cent from its 52-week low, showcasing robust performance. The RSI at 67.15 suggests moderate buying momentum, supported by the breakout above its 52-week high.

Shipping Corporation of India Ltd: Shipping Corporation of India is trading at Rs 330.15, unchanged from its previous close of Rs 275.15, a notable 19.99 per cent increase. The stock hit a high of Rs 330.15 and traded a volume of 65.07 lakh shares, indicating a price volume breakout and a volume spike. With a market cap of Rs 15,385.34 crore, the stock has surged 241.06 per cent from its 52-week low, demonstrating multibagger returns. The RSI at 77.52 reflects strong buying momentum, suggesting continued bullish sentiment in the near term.

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

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