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

On Wednesday, October 8, Indian equity benchmark indices closed lower, snapping a four-day winning streak. The Nifty 50 opened on a flat note, tracking cues from Asian markets, and jumped to its Intraday high in early trade. However, profit-booking in the latter part of the session led the Nifty to close in negative territory.

At the close, the Nifty 50 declined 62.15 points, or 0.25 per cent, to settle at 25,046.15, while the Sensex slipped 153.09 points, or 0.19 per cent, to end at 81,773.66. Reliance Industries and HDFC Bank were major drags on the indices amid profit-booking pressure.

Top 3 price-volume breakout stocks:

ITI Ltd witnessed a strong intraday move, currently trading at Rs 350.35, up 8.08 per cent from the previous close of Rs 324.15. The stock recorded a traded volume of 7.08 crore shares, showing a price-volume breakout and volume spike. Its returns from the 52-week low stand at 66.83 per cent, with a 52-week high of Rs 592.7 and a market capitalization of Rs 34,257.22 crore.

Jai Corp Ltd traded at Rs 160.85, up 11.76 per cent from Rs 143.92, with a volume of 4.56 crore shares. Returns from the 52-week low are 97.39 per cent, and the stock is approaching its 52-week high of Rs 401.05, showing a price-volume breakout and volume spike.

IPO">Vikran Engineering Ltd is currently at Rs 100.48, up 6.06 per cent from Rs 94.74, with a traded volume of 1.27 crore shares. Returns from the 52-week low are 9.57 per cent, and the 52-week high is Rs 116.64, with the stock showing a price-volume breakout and 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.