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

On Friday, October 17, Indian equity benchmark indices ended 0.5 per cent higher, extending gains for the third consecutive session. The Nifty 50 and Sensex touched one-year highs, led by index heavyweights Reliance Industries and ICICI Bank ahead of their Q2 results.

At the close, the Nifty 50 advanced 124.55 points, or 0.49 per cent, to settle at 25,709.85, while the Sensex rose by 484.53 points, or 0.58 per cent, ending at 83,952.19. Meanwhile, India’s fear index, India VIX, surged nearly 7 per cent on Friday. On a weekly basis, both indices gained 1.7 per cent, marking the biggest weekly rise in the last 16 weeks and ending three consecutive weeks in green.

Top 3 price-volume breakout stocks:

Adani-power">Adani Power Ltd saw a strong move today with a traded volume of 1.71 crore shares. The stock is currently trading at Rs 166, up from the previous close of Rs 157.37, marking a 5.48 per cent increase. Returns from the 52-week low stand at 92.13 per cent, with the stock nearing its 52-week high of Rs 182.7. Price volume breakout and volume spike were observed during the session.

Share India Securities Ltd recorded a traded volume of 27.48 lakh shares. The stock is currently trading at Rs 202.11, rising from the previous close of Rs 178.64, a 13.14 per cent change. Returns from the 52-week low are 58.52 per cent, with the 52-week high at Rs 336.9. The stock displayed price volume breakout and volume spike today.

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Whirlpool Of India Ltd had a traded volume of 1.34 crore shares. The stock is currently trading at Rs 1370, up from Rs 1237.8 in the previous close, a 10.68 per cent change. Returns from the 52-week low are 52.39 per cent, while the 52-week high is Rs 2449.7. Price volume breakout and volume spike were visible during the trading session.

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

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