Price Volume Breakout: Dont miss action in these three trending stocks!

The market is attempting to recover from its early losses. The broader markets are seen outperforming the market on Tuesday even as the star performer of the day can be the PAYTM. The shares of PAYTM jumped higher by more than 9 per cent on Tuesday. The new listing – Latent View analytics saw a stellar listing and managed to close at ~489 per share on the listing day. The broader markets outperformed while some of the trending shares managed to display a price volume breakout.

Following three trending shares should be on your watchlist in Wednesday trading session:

Birla Soft: The shares of Birla Soft are seen outperforming the markets on Tuesday. Birla Soft shares have gained by more than 8 per cent on Tuesday. The stock closed at its all-time high price.  A bullish engulfing chart pattern is being formed for Birla Soft, which means that the stock is witnessing good buying momentum. The price volume breakout in Birla Soft may attract buyers in the coming sessions.

PGIL: The shares of PGIL were seen bouncing from its 9D SMA. Although the stock has gained by ~15 per cent it was not supported by heavy volumes as was seen in the price action on 16 November trade. Nevvertheless price volume breakout in PGIL may attract buyers and hence should be on your watchlist. 

Precision Camshaft: The shares of precision camshaft closed with gains of more than 19 per cent on Tuesday. The stock was locked in the upper circuit in Tuesday trading session. A bullish engulfing pattern was formed in the counter, indicating buying interest. The shares of Precision Camshaft will be in focus on Wednesday. Precision Camshaft made a fresh 52 week high on Tuesday.