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

Top 3 price-volume breakout stocks

On Thursday, Benchmark indices concluded the trading day on a positive note as Sensex surged by 0.43 per cent and closed at 82,134.61 level, while Nifty gained by 0.40 per cent and closed at 25,151.95 level. Whereas the Broader market experienced gains as Nifty Mid-Cap closed lower by 0.54 per cent after level, while Nifty Small-Cap also declined by 0.44 per cent.

Market volatility, as indicated by India VIX, has slipped by 1.16 per cent and is trading below the level of 13.8 reflecting an decrease in market volatility.

Top 3 price-volume breakout stocks

TV18 Broadcast Ltd: TV18 Broadcast Ltd is currently trading at Rs 51.61, up from its previous close of Rs 47.91, indicating a percent change of 7.72 per cent. The stock's high for the day was Rs 54.29, and the traded volume reached approximately 13.42 crore shares, suggesting a significant volume spike. The stock is also showing a price-volume breakout and a resistance breakout, indicating increased buying interest. With a market cap of Rs 8,840.57 crore, TV18 Broadcast Ltd has a return of 33.53 per cent from its 52-week low. The RSI is at 66.47, suggesting that the stock is nearing overbought levels. The stock is yet to test its 52-week high of Rs 68.7.

Gujarat State Petronet Ltd: Gujarat State Petronet Ltd is currently trading at Rs 420.5, up from the previous close of Rs 396.35, marking a percent change of 6.09 per cent. The stock hit a high of Rs 423 today, and the traded volume was around 2.67 crore shares, indicating a volume spike. The stock has reached a 52-week high of Rs 423, signaling a 52-week high breakout. With a market cap of Rs 23,655.17 crore, the returns from its 52-week low stand at 65.23 per cent, showing strong performance over time. The RSI is at 86.42, indicating that the stock is in the overbought territory. The movement suggests significant interest from traders, with potential for further observation.

Sonata Software Ltd: Sonata Software Ltd is currently trading at Rs 662, an increase from the previous close of Rs 624.5, resulting in a percent change of 6.00 per cent. The stock reached a high of Rs 678.95 today, with a trading volume of around 1.01 crore shares, reflecting a price-volume breakout and a volume spike. The stock has crossed both the 20-day and 50-day exponential moving averages, which may suggest a bullish trend. Sonata Software Ltd has a market cap of Rs 18,273.08 crore and returns of 40.97 per cent from its 52-week low, indicating steady gains. The RSI is currently at 55.43, showing that the stock is in a neutral zone. The stock's 52-week high remains at Rs 870.

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

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