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

On Tuesday, August 19, Indian equity markets extended their gains for the second straight session, supported by optimism around possible cuts in the domestic Goods and Services Tax (GST). The Nifty 50 index closed higher by 103.70 points or 0.42 per cent at 24,980.65, just below the 25,000 mark, while the Sensex advanced 370.64 points or 0.46 per cent to end at 81,644.39.

Top 3 price-volume breakout stocks:

Ola Electric Mobility Ltd closed the day at Rs 44.96 compared to its previous close of Rs 41.24, registering a gain of 9.02 per cent. The stock recorded a traded volume of about 58.32 crore shares, showing a volume spike along with a price-volume breakout. It touched a high of Rs 45.7 during the session, while its 52-week high stands at Rs 157.4. The stock has delivered 13.54 per cent returns from its 52-week low, supported by strong movement in price and volume.

Jamna Auto Industries Ltd ended the session at Rs 103.15, higher than its previous close of Rs 92.96, marking a rise of 10.96 per cent. The traded volume stood at around 7.39 crore shares, indicating higher activity. The stock hit a day’s high of Rs 107.5, with a 52-week high at Rs 133.99. Returns from its 52-week low are 50.43 per cent, reflecting continued strength backed by price-volume breakout and volume spike.

Belrise Industries Ltd finished the day at Rs 156.2 against the previous close of Rs 139.63, advancing by 11.87 per cent. The traded volume was approximately 6.10 crore shares, showing a price-volume breakout along with a volume spike. The stock reached Rs 156.9 as the day’s high, also its 52-week high. It has generated 75.21 per cent returns from its 52-week low, with strong participation in both price and volume.

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

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