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

On Friday, August 8, Indian benchmark indices closed sharply lower, with the Nifty 50 registering its steepest intraday loss in two months. The index was dragged mainly by Bharti Airtel and HDFC Bank. At the close, the Nifty 50 fell 232.85 points or 0.95 per cent to settle at 24,363.30, while the Sensex slipped 765.47 points or 0.95 per cent to end at 79,857.79. This marked the sixth consecutive weekly loss for the benchmarks, the longest losing streak since 2020.

Top 3 price-volume breakout stocks:

KRBL Ltd traded at Rs 420, up 12.95 per cent from the previous close of Rs 371.85, with a traded volume of about 2.70 crore shares. The stock touched a high of Rs 434 during the day, matching its 52-week high. Returns from the 52-week low stand at 74.09 per cent. The move was accompanied by a price volume breakout and a volume spike.

Gujarat State Fertilizers & Chemicals Ltd was trading at Rs 211.85, higher by 6.49 per cent compared to the previous close of Rs 198.94. The traded volume stood at around 1.90 crore shares. The day’s high reached Rs 214.67, while the 52-week high is Rs 246.90. Returns from the 52-week low are 33.83 per cent. The session showed a price volume breakout and a volume spike.

IPO-polished-for-growth-priced-for-belief-what-should-investors-do-id015-51120">Shanti Gold International Ltd traded at Rs 239, up 5.82 per cent from the previous close of Rs 225.86. The traded volume was about 79.59 lakh shares. The stock hit a high of Rs 252.50 during the day, which is also its 52-week high. Returns from the 52-week low are 10.10 per cent, with the day’s activity marked by 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.