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

Top 3 price-volume breakout stocks

On Thursday, Benchmark indices concluded trading day on a negative note as Sensex significantly declined by 0.83 per cent and closed at 73,885.60 level, while Nifty plunged by 0.95 per cent and closed at 22,488.65 level. Similarly, the Broader market experienced underperformance as Nifty Mid-Cap closed substantially lower by 1.34 per cent, while Nifty Small-Cap plummeted by 1.62 per cent.

Market volatility, as indicated by India VIX, has closed flat but is still trading above the level of 24 reflecting heightened market volatility.

Top 3 price-volume breakout stocks

KNR Constructions Ltd: KNR Constructions Ltd saw a notable rise in trading activity today, with its volume surging to 24,832,415 shares. The stock hit a 52-week high of Rs 309.8 before settling at Rs 302.9, showing an 8.20 per cent increase from its previous close of Rs 279.95. The company's market cap now stands at Rs 8,510.28 crore. The stock's RSI (Relative Strength Index) is at 77.21, indicating it may be overbought. With a 52-week high breakout and a strong volume spike, this price-volume breakout suggests significant investor interest and potential further gains. KNR Constructions has delivered a one-year return of 24.07 per cent, reflecting its robust performance.

Exicom Tele-Systems Ltd: Exicom Tele-Systems Ltd experienced a dramatic rise in trading volume, reaching 15,632,379 shares today. The stock price peaked at Rs 322 and is currently trading at Rs 314.9, up 16.85 per cent from its previous close of Rs 269.5. The market cap of Exicom stands at Rs 3,804.85 crore. With an RSI of 66.21, the stock shows a solid bullish momentum but is not yet in the overbought zone. The volume spike and price breakout to a new 52-week high indicate strong investor confidence and potential for continued upward movement. Over the past year, Exicom Tele-Systems has returned 18.91 per cent, highlighting its positive trajectory.

Emami Ltd: Emami Ltd saw its trading volume soar to 15,603,578 shares today. The stock achieved a new 82-week high of Rs 619 before closing at Rs 604, marking a 15.30 per cent gain from the previous close of Rs 523.85. The company's market cap is now Rs 26,712.59 crore. The RSI stands at 77.51, suggesting that the stock might be overbought. Today's volume spike and strong uptrend, along with the 52-week high breakout, indicate a robust market sentiment. Emami Ltd has shown exceptional performance over the past year, delivering a remarkable 53.06 per cent return, underscoring its strong growth and investor confidence.

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

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