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

Indian equity benchmark indices ended lower on Friday, November 21, snapping a two-day winning streak. Markets witnessed broad-based profit booking a day after touching fresh 52-week highs. The decline came as investors turned cautious near record levels.

The Nifty 50 closed down by 124 points or 0.54 per cent at 26,068.15, while the Sensex declined by 400 points or 0.47 per cent to 85,231.92. Both indices are now around 0.8 per cent below their all-time highs. India’s volatility index, India VIX, surged over 10 per cent and crossed above 13.5, indicating a rise in market uncertainty.

Top 3 price-volume breakout stocks:

Magellanic Cloud Ltd recorded trading volume of about 13.55 crore shares. The stock is currently trading at Rs 59.8, compared with the previous close of Rs 53.52. The move shows a 11.73 per cent change. The stock touched a high of Rs 63 during the day. The returns from the 52-week low stand at 40.74 per cent. The stock showed a price-volume breakout along with a volume spike.

Bank-introduces-four-variants-of-interest-rates">Karnataka Bank Ltd saw trading volume of nearly 3.67 crore shares. The stock is currently trading at Rs 188.5, against the previous close of Rs 175.14. The move reflects a 7.63 per cent change. The day’s high was Rs 193.99. The returns from the 52-week low are 16.21 per cent. The stock displayed price-volume breakout signals supported by a rise in volume.

Astec LifeSciences Ltd posted trading volume of around 1.81 crore shares. The stock is currently trading at Rs 825.2, compared with the previous close of Rs 734.05. The change for the day stands at 12.42 per cent. The stock hit a high of Rs 849. The returns from the 52-week low come in at 35.94 per cent. The stock showed price-volume breakout signs with 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.