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

On Wednesday, August 13, Indian benchmark indices closed higher, supported by gains in Large-Cap heavyweights and positive global cues. At the close, the Nifty 50 gained 131.95 points or 0.54 per cent to settle at 24,619.35, while the BSE Sensex advanced 304.31 points or 0.38 per cent to 80,539.91. The rally followed softer US retail inflation data, which boosted expectations of a Federal Reserve rate cut in September, alongside easing domestic price pressures.

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Top 3 price-volume breakout stocks:

NMDC Steel Ltd saw a strong price move, ending the day at Rs 43.02, up 20.00 per cent from the previous close of Rs 35.85. The stock recorded a traded volume of about 9.67 crore shares, indicating a notable activity spike. Returns from its 52-week low stand at 33.89 per cent, and the price is approaching its 52-week high of Rs 56.25. The day’s action showed both price volume breakout and a volume spike.

JM Financial Ltd closed at Rs 184.70, gaining 13.56 per cent from the previous close of Rs 162.65, with the price touching an intraday high of Rs 190. The traded volume stood at 9.25 crore shares. Returns from the 52-week low are at 130.30 per cent, marking multibagger returns, and the price is near its 52-week high of Rs 190. Price volume breakout and a volume spike were observed during the session.

Yatra Online Ltd ended at Rs 149.35, higher by 8.93 per cent compared to the previous close of Rs 137.11. The stock hit an intraday high of Rs 159.40, with a traded volume of 8.31 crore shares. Returns from the 52-week low are at 127.98 per cent, indicating multibagger returns, while the price touched its 52-week high of Rs 159.40 during the day. A price volume breakout and volume spike were recorded.Following is a list of stocks with a strong positive breakout:

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