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

Indian equity benchmark indices ended lower on Tuesday, November 18, marking the end of a 6-day winning streak. The markets were dragged down mainly by IT and metal stocks, leading to broad-based weakness across sectors. The Nifty 50 closed down by 103.40 points or 0.40 per cent at 25,910.05, while the Sensex slipped 277.93 points or 0.33 per cent to settle at 84,673.02. Both indices are now around 1.4 per cent below their record highs. India VIX rose more than 2.5 per cent and moved above the 12 level, reflecting an uptick in market volatility.

All eleven sectoral indices ended in the red. The Nifty Metal index declined 1.11 per cent, tracking weakness in global metals. Prices of base metals such as copper and aluminium continued to fall under pressure from a stronger USD, which makes dollar-denominated commodities costlier for investors in other currencies.

Top 3 price-volume breakout stocks:

GMR Airports Ltd is currently trading at Rs 104 after touching a high of Rs 104.85. The traded volume stood at about 10.39 crore shares, showing a clear volume spike. Returns from the 52-week low are 53.51 per cent. The stock moved above its previous close of Rs 97.68, indicating a strong move supported by price-volume breakout signals.

SeQuent Scientific Ltd is currently trading at Rs 247.51 compared with the previous close of Rs 231.14. The stock hit a high of Rs 249.56, and traded volume was around 91.54 lakh shares, marking a volume spike. Returns from the 52-week low stand at 110.92 per cent, showing multibagger returns. The move comes with price volume breakout conditions observed during the session.

Gokul Agro Resources Ltd is currently trading at Rs 212, moving up from the previous close of Rs 200.87. The counter recorded a high of Rs 221.2 with traded volume of nearly 86.75 lakh shares, reflecting a volume spike. Returns from the 52-week low are 119.58 per cent, which falls under multibagger returns. The session showed price-volume breakout signs with a strong move supported by activity.

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

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