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

On the first trading session of August, Indian benchmark indices opened on a soft note and continued to slide as the day progressed, with the sell-off intensifying in the latter half of the session. The Nifty 50 ended the day down by 203 points, or 0.82 per cent, closing at 24,565.35, while the Sensex slipped by 585.67 points, or 0.72 per cent, to settle at 80,599.91.

This marked the Nifty’s fifth consecutive week of losses, its worst weekly slump in nearly two years, with a weekly decline of 1.09 per cent and a close below the 24,600 mark—it’s lowest in a month. The last instance of five straight weeks of losses was recorded back in 2023.

Top 3 price-volume breakout stocks:

Suzlon Energy Ltd: Suzlon Energy Ltd showed a strong move today with a price volume breakout and volume spike. The stock is currently trading at Rs 65.95, up from the previous close of Rs 61.6, marking a percent change of 7.06 per cent. The traded volume stood at 28.29 crore shares, indicating heightened activity. The 52-week high is Rs 86.04, and the market cap is Rs 90,105.71 crore. The stock has delivered returns of 42.90 per cent from its 52-week low. The combination of high trading volume and upward price movement signals notable interest in the stock.

KIOCL Ltd: KIOCL Ltd witnessed a price volume breakout and significant volume spike today. It is currently trading at Rs 363.6, up from the previous close of Rs 317.9, registering a percent change of 14.38 per cent. The traded volume reached 2.33 crore shares. The stock has a 52-week high of Rs 462.4 and a market cap of Rs 22,010.08 crore. It has generated returns of 73.27 per cent from its 52-week low. The trading activity and price movement reflect a strong response from market participants.

Nelcast Ltd: Nelcast Ltd registered a price volume breakout with a volume spike and is currently trading at Rs 165.2, compared to its previous close of Rs 157.08, resulting in a percent change of 5.17 per cent. The traded volume stood at 1.50 crore shares. The stock hit a 52-week high of Rs 180.9 and has a market cap of Rs 1,479.44 crore. It has recorded multibagger returns of 110.31 per cent from its 52-week low. The rise in price along with high volume indicates growing interest in the stock.

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

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