Price Volume Breakout: Dont miss action in these three trending stocks that are trading at record highs!

The markets after trading in green slipped deep into the red in the closing hour of the trading session. Few stocks still managed to trade with a price volume breakout on Wednesday. Following three shares will be in focus on Thursday:

Universal Carborundum: The shares of Universal Carborundum made all time high closing on Wednesday. The shares of Universal Carborundum gained with spurt in volume of over 11.82 times on Wednesday. Positive technicals and a price volume breakout in Carborundum Universal may attract buyers in Universal Carborundum.

Elgi Equipment: The shares of Elgi Equipment gained by more than 14 per cent on Wednesday. The price volume breakout in Elgi Equipment has pushed the stock to all time high level. The spurt in volume was 11.60 times. Elgi Equipment is a quality company that has recently delivered good set of results in Q2FY22. The shares of Elgi Equipment have gained by more than 25 per cent since declaring positive set of numbers. Elgi Equipment shares should be on your watchlist.

Reliance Chemotex: The shares of Reliance Chemotex were seen trending on Wednesday when the markets corrected heavily owing to profit booking.  The shares of Reliance Chemotex made a lifetime high at Rs 269 per share in Wednesday trading session. The Reliance Chemotex shares managed to close at Rs 262.70 per share, thus recording gains of over 11.50 per cent on closing basis. The stock is up by more than 52 per cent in one month alone. At current price the stock is available at over 12.5 PE and the dividend yield is about 0.76 per cent. The price volume breakout and attractive valuation and bullish technical may attract buyers in Reliance Chemotex.