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

On Wednesday, November 12, Indian equity markets extended their gains for the third consecutive session. The rally was led by information technology stocks amid progress in US–India trade talks and optimism about the resolution of the prolonged US government shutdown.

At the close, the Nifty 50 index gained 180.85 points or 0.70 per cent to end at 25,875.80, while the Sensex advanced 595.19 points or 0.71 per cent to close at 84,466.51. Both benchmarks remain about 1.5 per cent below their all-time highs. India’s volatility index, India VIX, declined by 3 per cent.

Top 3 price-volume breakout stocks:

BLS International Services Ltd traded actively with a volume of around 2.55 crore shares. The stock is currently trading at Rs 335.4 compared to its previous close of Rs 308.5, showing a gain of 8.72 per cent. It made an Intraday high of Rs 340 and has given returns of 21.10 per cent from its 52-week low. The stock displayed a price-volume breakout and a volume spike.

Yatra Online Ltd recorded a strong trading volume of about 3.53 crore shares. It is currently trading at Rs 184.4 against the previous close of Rs 165.21, up by 11.62 per cent. The stock touched a high of Rs 196.3 during the day and has delivered multibagger returns of 181.48 per cent from its 52-week low. The move was supported by a price-volume breakout and a volume spike.

IOL Chemicals and Pharmaceuticals Ltd witnessed a trading volume of nearly 2.63 crore shares. The stock is currently trading at Rs 99, higher than its previous close of Rs 88.8, reflecting an increase of 11.49 per cent. It reached a day’s high of Rs 99.85 and has given returns of 72.17 per cent from its 52-week low. The session showed signs of a price-volume breakout along with a 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.