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

Indian equity markets ended lower on Wednesday, December 3, as profit-booking near record highs continued for the fourth straight session. The benchmark Nifty 50 slipped by 47.10 points, or 0.18 per cent, to close at 25,985.10, falling below the 26,000 mark. The Sensex also declined by 31.46 points, or 0.04 per cent, settling at 85,106.81. This extended the downtrend that began after both indices touched all-time highs on Monday. Meanwhile, India VIX remained stable, indicating steady market volatility.

Top 3 price-volume breakout stocks:

Hikal Ltd showed strong trading action today with a volume of about 4.45 crore shares, indicating increased participation. The stock is currently trading at Rs 254, compared with its previous close of Rs 223.61, marking a 13.59 per cent rise. Returns from the 52-week low stand at 16.51 per cent. The move came with a price–volume breakout and a clear volume spike, though the stock remains well below its 52-week high of Rs 456.75.

Onmobile Global Ltd recorded a volume of around 2.26 crore shares. It is currently trading at Rs 62, higher than its previous close of Rs 56.04, reflecting a 10.64 per cent gain. Returns from the 52-week low are 50.96 per cent. The day’s move was supported by a price–volume breakout along with a volume spike, while the stock continues to trade below its 52-week high of Rs 81.5.

Route Mobile Ltd witnessed trading volume of nearly 1.58 crore shares. The stock is currently trading at Rs 712, compared with its previous close of Rs 668.2, showing a 6.55 per cent increase. Returns from the 52-week low stand at 11.87 per cent. The stock displayed a price–volume breakout and a volume spike, though it remains far below its 52-week high of Rs 1505.2.

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

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