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

 Indian equity benchmark indices ended lower on Tuesday, December 2, extending their losing streak for the third consecutive session. Persistent profit-taking in financials and concerns over foreign outflows weighed on market sentiment, pulling the blue-chip indices further away from their recent record highs.

The Nifty 50 closed down by 143.55 points or 0.55 per cent at 26,032.20, slipping below its 20-DEMA. The Sensex declined by 503 points or 0.59 per cent to settle at Rs 85,638.27. Despite the continued weakness, India’s volatility gauge, India VIX, remained steady, signalling stable market expectations.

Top 3 price-volume breakout stocks:

Websol Energy System Ltd showed active trading, with volume of 701.27 lakh shares. The stock is currently trading at Rs 106.7 against its previous close of Rs 101.25, giving a gain of 5.38 per cent. Returns from the 52-week low stand at 32.79 per cent. The move came with a price–volume breakout and a volume spike.

Prostarm Info Systems Ltd recorded trading volume of 528.53 lakh shares. The stock is currently trading at Rs 189.85 compared with the previous close of Rs 177.94, marking a rise of 6.69 per cent. Returns from the 52-week low are 75.79 per cent. The stock also saw a price–volume breakout along with a volume spike.

IPOs/">Emmvee Photovoltaic Power Ltd witnessed volume of 345.96 lakh shares. It is currently trading at Rs 238.29, higher than its previous close of Rs 218.88, showing an 8.87 per cent increase. Returns from the 52-week low are 15.12 per cent. The session included a price–volume breakout and a volume spike.

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

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