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

On Monday, November 10, Indian equity markets ended higher after a 3-day losing streak, supported by gains in IT stocks. Optimism over a potential end to the US government shutdown and improving earnings outlook boosted sentiment.

At the close, the Nifty 50 came off the day’s high but still advanced 82.05 points or 0.32 per cent to settle at 25,574.35. The Sensex gained 319 points or 0.38 per cent to end at 83,535.35. Both benchmarks remain about 2.6 per cent below their record highs. India’s volatility index, India VIX, slipped 2 per cent below the 12.5 level, indicating improved investor confidence.

Top 3 price-volume breakout stocks:

National Aluminium Co Ltd traded with strong activity today as the stock recorded a price volume breakout with a volume of about 7.26 crore shares. The stock is currently trading at Rs 257.29, up 9.61 per cent from the previous close of Rs 234.73. It touched a day’s high of Rs 259.64 against its 52-week high of Rs 262.99. The market capitalisation stands at Rs 47,284.07 crore, while the stock has delivered 86.78 per cent returns from its 52-week low.

IPO-Analysis-FSN-E-Commerce-Ventures-Ltd-Nykaa-21294">Fsn E-Commerce Ventures Ltd (Nykaa) witnessed a volume spike of nearly 3.56 crore shares, indicating strong market participation. The stock is currently trading at Rs 260, a rise of 5.75 per cent from the previous close of Rs 245.87. It touched a high of Rs 265.2 during the session, close to its 52-week high of Rs 268.25. With a market cap of Rs 74,553.64 crore, the stock has given 67.85 per cent returns from its 52-week low.

HBL Engineering Ltd continued its strong momentum with a price volume breakout as over 2.70 crore shares changed hands. The stock is currently trading at Rs 1,084.2, up 10.72 per cent from the previous close of Rs 979.2. It hit a day’s high and 52-week high of Rs 1,122. The market cap stands at Rs 30,512.74 crore, and the stock has delivered multibagger returns of 167.70 per cent from its 52-week low.

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

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