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

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

Top 3 price-volume breakout stocks

Friday’s trading session has proven to be one of the most rewarding for Indian benchmarks, as they made a strong recovery from the significant declines earlier this week, easing concerns of a potential major correction. The BSE Sensex skyrocketed 1.68 per cent reaching a level of 80,436. The Nifty 50 index climbed 1.65 per cent to the 24,541 level.

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Broader markets maintained their strength throughout the trading session. With 1,872 shares rising on the NSE and 845 shares declining, the advance-decline ratio strongly remained in favour of advances.

Top 3 price-volume breakout stocks

Firstsource Solutions Ltd: Firstsource Solutions Ltd is currently trading at Rs 307.75, showing a significant increase of 5.97 per cent from the previous close of Rs 290.4. The stock reached a new 52-week high of Rs 325 during the day, with a trading volume of approximately 3.86 crores. The stock has delivered multibagger returns of 111.37 per cent from its 52-week low, indicating strong performance over the past year. The RSI stands at 69.62, signaling a bullish momentum. The price-volume breakout, volume spike, and 52-week high breakout suggest continued upward momentum.

NSE:FSL Chart Image by prajwalwakhare

Kitex Garments Ltd: Kitex Garments Limited is currently trading at Rs 321.55, up by 12.35 per cent from the previous close of Rs 286.2. The stock hit a new 52-week high of Rs 339.1, supported by a robust trading volume of approximately 1.38 crores. Although the returns from the 52-week low stand at 82.49 per cent, indicating strong performance, it falls short of multibagger returns. The RSI is at 77.84, reflecting overbought conditions. The stock’s price-volume breakout, volume spike, and 52-week high breakout suggest continued positive momentum.

NSE:KITEX Chart Image by prajwalwakhare

Pasupati Acrylon Ltd: Pasupati Acrylon Ltd is currently trading at Rs 48.97, marking a substantial increase of 16.04 per cent from the previous close of Rs 42.2. The stock approached its 52-week high of Rs 51.3, with a trading volume of around 1.37 crores. The returns from the 52-week low are 74.89 per cent, indicating strong recovery and growth. The RSI of 73.21 suggests a bullish trend. The price-volume breakout, volume spike, and nearing 52-week high signal potential further gains.

NSE:PASUPTAC Chart Image by prajwalwakhare

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

Sr.

Stock Name

Price

Volume

1

Firstsource Solutions Ltd

307.7

3,85,75,796

2

Kitex Garments Ltd

323.82

1,37,72,058

3

Pasupati Acrylon Ltd

49.7

1,37,29,599

4

Equitas Small Finance Bank Ltd

82.5

1,22,86,266

5

Patel Engineering Ltd

54.67

1,21,65,027

6

Paisalo Digital Ltd

66.17

1,06,29,851

7

Aditya Birla Capital Ltd

216.09

1,05,88,004

8

Birlasoft Ltd

600.65

95,97,224

9

RHI Magnesita India Ltd

627.35

95,41,278

10

DLF Ltd

866.9

88,26,463

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

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