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

Indian equity benchmarks closed lower for the second consecutive session on Wednesday, December 10, as investors booked profits ahead of the US Federal Reserve's policy decision. Market sentiment remained cautious with expectations that the Fed may cut rates, although policymakers are likely to remain divided amid mixed economic signals from the USD economy.

The Nifty 50 ended the session down 81.65 points, or 0.32 per cent, at 25,758. The Sensex declined by 275.01 points, also 0.32 per cent, to close at 84,391.27. Over the past three sessions, both indices have corrected nearly 2.2 per cent. India VIX, a measure of market volatility, remained largely unchanged, indicating stable but cautious investor expectations.

Top 3 price-volume breakout stocks:

Prime Focus Ltd touched a high of Rs 217.89 with a traded volume of 3.54 crore shares. It is currently trading at Rs 210, up from the previous close of Rs 192.52, showing a per cent change of 9.08 per cent. The stock has delivered multibagger returns of 147.06 per cent from its 52-week low. The price volume breakout and volume spike indicate significant market activity today.

Welspun Living Ltd reached a high of Rs 142.78 with a traded volume of 2.86 crore shares. The stock is currently trading at Rs 138.85, higher than the previous close of Rs 131.84, a gain of 5.32 per cent. Returns from its 52-week low stand at 32.49 per cent. There is a price volume breakout along with a volume spike observed in today’s trading.

Hikal Ltd recorded a high of Rs 259.95 with a traded volume of 1.20 crore shares. Currently, it is trading at Rs 252.6, up from the previous close of Rs 233.25, marking an 8.30 per cent change. The stock has returns of 15.87 per cent from its 52-week low. A price-volume breakout and volume spike were seen in the market today.

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

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