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

On Thursday, November 6, Indian stock markets extended their losses for the second consecutive session as the US dollar hovered near a five-month high and foreign fund outflows continued.

At the close, the Nifty 50 declined 87.95 points, or 0.34 per cent, to settle at 25,509.95, while the Sensex fell 148.14 points, or 0.18 per cent, to end at 83,311.01. Both benchmark indices are now about 3 per cent below their record highs. Meanwhile, India’s volatility index, India VIX, slipped nearly 2 per cent.

Top 3 price-volume breakout stocks:

Redington Ltd: Redington Ltd showed a strong price-volume action today with a price volume breakout and a noticeable volume spike. The stock is currently trading at Rs 287.15, up 14.75 per cent from its previous close of Rs 250.25. The traded volume stood at around 8.81 crore shares. The stock recorded a day high of Rs 293.3 and holds a market cap of Rs 22,639.82 crore. Returns from its 52-week low stand at 62.29 per cent, while the 52-week high is Rs 334.8, indicating sustained upward momentum in the recent period.

EPack Prefab Technologies Ltd: EPack Prefab Technologies Ltd saw a price volume breakout along with a volume spike during the session. The stock is currently trading at Rs 326, up 8.14 per cent from the previous close of Rs 301.45. The traded volume was around 4.11 crore shares. The day’s high stood at Rs 332, which is also its 52-week high. The company’s market cap is Rs 3,273.83 crore, and returns from its 52-week low are 81.80 per cent, showing a consistent upward price movement supported by higher volumes.

Gujarat Pipavav Port Ltd: Gujarat Pipavav Port Ltd witnessed a price volume breakout and a volume spike today. The stock is currently trading at Rs 171.62, higher by 5.43 per cent compared with its previous close of Rs 162.78. The traded volume was about 2.49 crore shares. The stock reached a day high of Rs 179.57, with a market cap of Rs 8,311.41 crore. Returns from its 52-week low are 40.10 per cent, suggesting a steady price recovery with active participation from market participants.

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

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