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

On Tuesday, October 28, Indian equity benchmark indices ended marginally lower, dragged by ICICI Bank and Mahindra & Mahindra. Losses in financials and IT stocks weighed on the market sentiment.

At the close, the Nifty 50 declined by 29.85 points, or 0.11 per cent, to settle at 25,936.20, while the Sensex slipped 150.69 points, or 0.18 per cent, to end at 84,628.16. Meanwhile, India’s volatility index, India VIX, remained steady, ending up by 0.8 per cent. The Nifty has gained about 3.3 per cent over the past nine sessions, rising in seven of them, and now stands roughly 1.3 per cent below its record high from September 2024.

Top 3 price-volume breakout stocks:

IDBI Bank Ltd: IDBI Bank Ltd showed a price and volume breakout with a strong volume of around 9.44 crore shares traded. The stock is currently trading at Rs 102.3, up 6.82 per cent from the previous close of Rs 95.77. The day’s high was Rs 104.15, close to its 52-week high of Rs 106.32. The stock has given 55.26 per cent returns from its 52-week low, supported by strong participation in the market.

Chennai Petroleum Corporation Ltd: Chennai Petroleum Corporation Ltd recorded a volume spike with about 1.73 crore shares traded. The stock is currently trading at Rs 832, up 8.07 per cent from the previous close of Rs 769.85. The day’s high was Rs 854.85, near its 52-week high of Rs 858.85. The stock has generated 92.10 per cent returns from its 52-week low, reflecting a strong price and volume breakout during the session.

Bharat Wire Ropes Ltd: Bharat Wire Ropes Ltd witnessed a price and volume breakout with 1.27 crore shares traded. The stock is currently trading at Rs 216.4, up 4.67 per cent from the previous close of Rs 206.74. The day’s high was Rs 229.43 compared to the 52-week high of Rs 248.7. The stock has delivered 77.04 per cent returns from its 52-week low, indicating active trading momentum supported by higher volumes.

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

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