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

On Monday, November 17, Indian equity benchmark indices extended their winning streak for the sixth consecutive session. Financial stocks led the market after the Reserve Bank of India announced relief measures for export-oriented sectors to ease debt-servicing pressure caused by trade disruptions.

The Nifty 50 closed higher by 103.40 points or 0.40 per cent at 26,013.45, while the Sensex gained 388.17 points or 0.46 per cent to end at 84,950.95. Both indices are currently about 1 per cent below their record highs. India’s volatility index, India VIX, declined by nearly 1.5 per cent and fell below the 12 mark, indicating reduced market uncertainty.

Top 3 price-volume breakout stocks:

Billionbrains Garage Ventures Ltd touched a high of Rs178.23 today with a traded volume of 46.64 crore shares. The stock is currently trading at Rs178.23, up from the previous close of Rs148.53, showing a 20.00 per cent increase. Returns from the 52-week low stand at 59.13 per cent. The stock witnessed a price volume breakout with a volume spike.

Rico Auto Industries Ltd recorded a high of Rs114.26 with a traded volume of 3.72 crore shares. It is currently trading at Rs111.21 compared to the previous close of Rs98.81, gaining 12.55 per cent. Returns from the 52-week low are 105.94 per cent, indicating multibagger returns. A price volume breakout and volume spike were observed.

Mangalore Refinery and Petrochemicals Ltd reached a high of Rs185 with a traded volume of 2.39 crore shares. The stock is currently trading at Rs182.89, up from the previous close of Rs171.83, marking a 6.44 per cent increase. Returns from the 52-week low are 84.89 per cent. The stock showed a price volume breakout and volume spike today.

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

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