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

On Thursday, September 25, Indian equity benchmark indices closed in the red, extending losses for the fifth consecutive day. The Nifty 50 ended down by 166 points, or 0.66 per cent, at 24,890.85, slipping below the 25,000 mark. The index also closed below its 50-day EMA, recording a loss of 1.72 per cent over the last four sessions. The Sensex dropped by 555.95 points, or 0.68 per cent, to 81,159.68, as persistent foreign outflows kept investors cautious.

Top 3 price-volume breakout stocks:

Hindustan Copper Ltd witnessed a rise of 6.25 per cent, with the stock currently trading at Rs 328, up from the previous close of Rs 308.71. The traded volume was around 6.16 crore shares. The stock is trading below its 52-week high of Rs 353 and shows a return of 78.44 per cent from its 52-week low. The movement was supported by a price-volume breakout and a volume spike.

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Fineotex Chemical Ltd closed higher by 6.46 per cent, with the current price at Rs 247.15 against the previous close of Rs 232.15. Traded volume stood at 3.66 crore shares. The stock is below its 52-week high of Rs 438.95 and shows a return of 19.40 per cent from its 52-week low. The session recorded a price volume breakout along with a volume spike.

Chemcon Speciality Chemicals Ltd advanced by 12.58 per cent, trading at Rs 277, up from Rs 246.05 in the previous session. The traded volume was 1.88 crore shares. The stock has reached its 52-week high of Rs 295 and shows a return of 73.13 per cent from its 52-week low. The move was accompanied by 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.