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

On Friday, October 10, Indian equity benchmark indices ended higher, with gains of nearly 0.5 per cent. The Nifty 50 opened on a positive note and steadily climbed throughout the day, closing near the day’s high.

At the close, the Nifty 50 rose 103.55 points, or 0.41 per cent, to settle at Rs 25,285.35, while the Sensex gained 328.72 points, or 0.40 per cent, ending at Rs 82,500.82. Both indices rose 1.57 per cent for the week, marking gains for the second consecutive week. Foreign inflows, central Bank lending reforms, and optimism ahead of the earnings season supported the market rally.

Top 3 price-volume breakout stocks:

Reliance-Power-Ltd-200039">Reliance Power Ltd saw a strong movement with its shares currently trading at Rs 48.22, up from the previous close of Rs 44.45, marking a gain of 8.48 per cent. The stock recorded a traded volume of 11.98 crore shares, showing a price volume breakout and volume spike. Returns from its 52-week low stand at 54.21 per cent, while the 52-week high is Rs 76.49.

South Indian Bank Ltd is currently trading at Rs 34.3, up 10.25 per cent from the previous close of Rs 31.11, with a traded volume of 11.57 crore shares. The stock shows a price volume breakout and volume spike, with returns from its 52-week low at 54.02 per cent and a 52-week high of Rs 34.44.

Redington Ltd is trading at Rs 287.65, up 7.09 per cent from Rs 268.6, with a traded volume of 3.75 crore shares. The stock shows a price volume breakout and volume spike, and returns from its 52-week low stand at 81.36 per cent, with a 52-week high of Rs 334.8.

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

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