Price and Volume Breakout: 3 PSU Stocks to Keep an Eye on for BTST!

Today, Nifty opened with a very bullish sentiment and is currently trading around 23,225, reflecting a 695-point or 3.08 percent increase.

You're in the right place if you are seeking breakout stocks, particularly among PSU stocks. Here, you'll find three PSU stocks to consider for BTST trading, as they have exhibited either a range breakout or a price level breakout accompanied by heavy volumes.

Bank Of Baroda

Today, the share of Bank of Baroda opened the day at Rs 277, reached a high of Rs 299.70, and a low of Rs 277. As of writing this article, it is trading at around Rs 296.15 per share on the NSE. Previously, it was trading within a range, today, the stock has experienced a significant price and volume breakout, trading outside the range with a notable bullish bar, as depicted on the chart below.

Central Bank of India

Today, the share price of the Central Bank of India opened the day at Rs 68.05 and reached a high of Rs 73 per share on the NSE. As of writing this article, it is trading at around Rs 71.95 per share on the NSE. Previously, the stock was encountering resistance between Rs 67 and Rs 69. Today, the stock has experienced a significant price and volume breakout, trading with a notable bullish bar, as depicted in the chart below.

Gail India

Today, the share of Large-Cap Gail India opened the day at Rs 217, reached a high of Rs 233.20, and a low of Rs 211.15. As of writing this article, it is trading at around Rs 229.55 per share on the NSE. Previously, it was trading within a range, today, the stock has experienced a significant price and volume breakout, trading outside the range with a robust bullish bar, as depicted on the chart below. The company’s stock has delivered a multibagger return of around 120 per cent in just 1 year.

Investors must keep these stocks on their radar.

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