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

On Wednesday, September 3, Indian equity benchmark indices opened on a positive note but witnessed volatility in the first hour of the session. Thereafter, markets recovered steadily, led by Large-Cap stocks, and the Nifty 50 closed higher by 135.45 points, or 0.55 per cent, at 24,715.05. The Sensex advanced 409.83 points, or 0.51 per cent, to settle at 80,567.71. The rally was supported by Tata Steel and HDFC Bank, which emerged as major pullers for the index.

Top 3 price-volume breakout stocks:

Shares of Ola Electric Mobility Ltd traded at Rs 68.48, higher than the previous close of Rs 61.96, showing a gain of 10.52 per cent. The stock recorded a volume of 104.45 crore shares, with a day high of Rs 70.25. Returns from the 52-week low stand at 72.93 per cent, while the 52-week high is Rs 123.9. The move was accompanied by a price volume breakout and a volume spike.

Tata Steel Ltd was trading at Rs 167.83 compared with the previous close of Rs 158.39, reflecting an increase of 5.96 per cent. The stock witnessed a volume of 8.23 crore shares and touched a high of Rs 168 during the session. Returns from the 52-week low are 36.87 per cent, with a 52-week high of Rs 170.18. The session showed a price volume breakout along with a volume spike.

NMDC Steel Ltd traded at Rs 42.93, up from the previous close of Rs 39.23, marking a rise of 9.43 per cent. The traded volume was 6.49 crore shares, and the day high stood at Rs 44.19. Returns from the 52-week low are 33.61 per cent, with the 52-week high recorded at Rs 55.5. The movement indicated 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.