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

Top 3 price-volume breakout stocks

On Tuesday, Sensex and Nifty closed on a mixed note, mirroring a broad sell-off in Asian markets after Wall Street closed lower amid recession fears in the U.S. Selling pressure was visible across all sectors.

The Sensex closed 12 points or 0.02 per cent lower at 74,102, while the Nifty closed 37 points or 0.17 per cent higher to 22,497. The Nifty Bank lost 362 points to settle at 47,853 as the IndusInd Bank dragged the index down after reporting discrepancies in accounting related to forex derivatives.

Broader indices closed mixed where Nifty Mid-Cap surged by 0.67 per cent as losses in IndusInd Bank and information technology stocks offset gains in other companies, while the sentiment remained grim due to worries over the U.S. economy, while Nifty Small-Cap tumbled by 0.8 per cent.

Nifty Realty, Nifty Oil & Gas and Nifty Infra are among the Top Gainers, while currently Nifty IT, Nifty Private Banks and Nifty Bank were among the Top Losers.

Top 3 price-volume breakout stocks:

Chennai Petroleum Corporation Ltd traded with a strong move, reaching a high of Rs 564 before closing at Rs 551. The stock saw a significant increase in traded volume, reaching 2.29 crore shares. It is currently trading at Rs 551, reflecting a 7.40 per cent rise from the previous close of Rs 513.05. The stock has given returns of 27.22 per cent from its 52-week low. The price and volume breakout, along with a volume spike, indicate strong trading activity. The 52-week high stands at Rs 1275, and the market capitalization is Rs 8207.06 crore.

One 97 Communications Ltd moved higher, hitting a high of Rs 718.95 and closing at Rs 713.05. The stock recorded a traded volume of 1.39 crore shares. It is currently trading at Rs 713.05, reflecting a 7.19 per cent rise from the previous close of Rs 665.25. The stock has delivered multibagger returns of 130.02 per cent from its 52-week low. A price volume breakout and volume spike were observed during the session. The 52-week high is Rs 1062.95, and the market capitalization is Rs 45478.51 crore.

Indegene Ltd surged, reaching a high of Rs 598.7 before closing at Rs 572.8. The stock recorded a traded volume of 67.40 lakh shares. It is currently trading at Rs 572.8, marking a 13.28 per cent rise from the previous close of Rs 505.65. The stock has gained 21.85 per cent from its 52-week low. A price volume breakout and volume spike were observed. The 52-week high stands at Rs 736.3, and the market capitalization is Rs 13705.49 crore. 

Following is a list of stocks with a strong positive breakout:

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