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

On Monday, October 20, Indian equity benchmark indices extended gains for the fourth consecutive session, with the Nifty 50 and Sensex hitting 52-week highs. The rally was led by index heavyweight Reliance Industries following its strong Q2 results. The Nifty 50 rose by 133.30 points, or 0.52 per cent, to settle at 25,843.15, while the Sensex gained 411.18 points, or 0.49 per cent, ending at 84,363.37. Both indices remain around 2 per cent below their record highs. Meanwhile, India’s volatility index, India VIX, fell more than 2 per cent during the session.

Top 3 price-volume breakout stocks:

Bank-Ltd-132218">South Indian Bank Ltd is currently trading at Rs 37.91, up from its previous close of Rs 32.65, showing a percent change of 16.11 per cent. The stock has recorded a traded volume of around 25.50 crore shares. Its return from the 52-week low is 70.23 per cent, approaching its 52-week high of Rs 38.96. The price has shown a price-volume breakout along with a volume spike.

IDFC First Bank Ltd is currently trading at Rs 76.85, higher than its previous close of Rs 71.88, with a percent change of 6.91 per cent. The traded volume is approximately 10.33 crore shares. The stock has delivered a return of 46.49 per cent from its 52-week low and is nearing its 52-week high of Rs 78.45. Price-volume breakout and volume spike are observed.

RBL Bank Ltd is currently trading at Rs 325.15, up from Rs 299.50, with a percent change of 8.56 per cent. The traded volume is about 10.19 crore shares. The stock has given multibagger returns of 122.55 per cent from its 52-week low, reaching close to its 52-week high of Rs 328.8. A price-volume breakout and volume spike are seen in the stock.

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

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