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

Top 3 price-volume breakout stocks

On Tuesday, Benchmark indices concluded the second trading day of the week on a positive note as Sensex surged by 0.06 per cent and closed at 80,716.55 level, while Nifty soared by 0.11 per cent and reached its record high at 24,613.00 level. Similarly, the Broader market experienced gains as Nifty Mid-Cap closed flat by 0.00 per cent, while Nifty Small-Cap surged by 0.08 per cent.

Market volatility, as indicated by India VIX, has surged by 0.25 per cent and is trading above the level of 14 reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Mahanagar Telephone Nigam Ltd: Mahanagar Telephone Nigam Ltd is currently trading at Rs 53.95, close to its high of Rs 55.73 for the day. The traded volume is significant at 8.80 crores, indicating a strong interest in the stock. The previous close was Rs 48.94, resulting in a per cent change of 10.24 per cent. This stock has shown multibagger returns of 180.26 per cent from its 52-week low, suggesting a strong upward trend. The stock has hit a 52-week high on Tuesday and shows a price volume breakout, volume spike, and 52-week high breakout. The market cap stands at Rs 3353.79 crores, and the RSI is quite high at 79.85, indicating that the stock may be overbought.

Mukka Proteins Ltd: Mukka Proteins Ltd is currently trading at Rs 53.75, nearing its high of Rs 56.56 for the day. The traded volume is robust at 6.43 crores, showing significant buying interest. The previous close was Rs 47.14, resulting in a per cent change of 14.02 per cent. The stock has provided returns of 79.17 per cent from its 52-week low. On Tuesday, the stock has hit an all-time high, indicating a price volume breakout and a volume spike. The market cap is Rs 1626.16 crores, and the RSI is extremely high at 91.18, signaling that the stock might be overbought and could be due for a correction.

Tata Teleservices (Maharashtra) Ltd: Tata Teleservices (Maharashtra) Ltd is trading at Rs 81.45, close to its high of Rs 83.71 for the day. The traded volume is substantial at 3.98 crores, reflecting strong market activity. The previous close was Rs 77.10, resulting in a per cent change of 5.64 per cent. The stock has delivered returns of 25.21 per cent from its 52-week low. Although the stock has not reached its 52-week high of Rs 109.10, it shows a price volume breakout and volume spike, suggesting potential upward movement. The market cap is Rs 15905.64 crores, and the RSI is at 63.62, indicating that the stock is likely to bounce from the bottom slowly.

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

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