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

Top 3 price-volume breakout stocks

On Monday, Benchmark indices concluded the last trading day of the week a mixed note as Sensex increased by 0.24 per cent and closed at 82,559.84, while Nifty surged by 0.17 per cent and closed at 25,278.70 level. Similarly, the Broader market experienced significant gains as Nifty Mid-Cap closed lower by 0.23 per cent at 59,152.65, while Nifty Small-Cap declined by 0.33 per cent and closed at 19,244.30.

Market volatility, as indicated by India VIX, has increased by 5 per cent and is trading at the level of 14.06 reflecting an increase in market volatility.

Top 3 price-volume breakout stocks

Jio Financial Services Ltd: Jio Financial Services Ltd is currently trading at Rs 348, with a significant traded volume of 6.53 crores. The stock showed an 8.18 per cent increase from its previous close of Rs 321.7. The stock has reached a high of Rs 349.35 today, and the 52-week high stands at Rs 394.7. The market cap of the company is Rs 2,18,931.95 crore. The stock has seen a return of 70.38 per cent from its 52-week low. Today’s price movement highlights a price-volume breakout, with a volume spike and the stock bouncing from trendline support. The stock has also crossed both the 20-day and 50-day EMAs, with an RSI of 61.42.

Gujarat Gas Ltd: Gujarat Gas Ltd is currently trading at Rs 674.45, with a traded volume of 4.54 crores. The stock experienced an 11.12 per cent increase from its previous close of Rs 606.95. Today, the stock reached a high of Rs 689.95, which is also its new 52-week high. The market cap of the company is Rs 46,428.47 crore. The stock has delivered a return of 69.87 per cent from its 52-week low. The price action today shows a price-volume breakout with a volume spike, making a new 52-week high, with an RSI of 71.33.

Adani Power Ltd: Adani Power Ltd is currently trading at Rs 669, with a traded volume of 1.97 crores. The stock has gained 5.85 per cent from its previous close of Rs 632.05. The stock reached a high of Rs 684.45 today, while its 52-week high is Rs 895.85. The market cap of the company is Rs 2,58,629.31 crore. The stock has provided multibagger returns of 131.21 per cent from its 52-week low. The price movement indicates a price-volume breakout, with a volume spike and a sharp bounce from support, with an RSI of 46.11.

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

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