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

Indian equity benchmark indices closed in the green on Wednesday, November 19, after recovering from the day's low. Gains were primarily driven by information technology stocks, with Infosys leading the rebound ahead of its Rs 18,000 crore share buyback scheduled to open on Thursday.

The Nifty 50 closed higher by 142.6 points or 0.55 per cent at 26,052.65, while the Sensex rose 513.45 points or 0.61 per cent to settle at 85,186.47. Both indices remain around 86 per cent below their record highs. India’s volatility gauge, India VIX, declined by over 1 per cent and slipped below 12, indicating a fall in market uncertainty.

Top 3 price-volume breakout stocks:

Avanti Feeds Ltd traded with a strong price-volume move and remained active with a volume of around 1.32 crore shares. The stock is currently trading at Rs 837, compared with the previous close of Rs 766.9, showing a 9.14 per cent gain. It touched a high of Rs 857 during the day. Returns from the 52-week low stand at 46.33 per cent. The price trend shows a price-volume breakout supported by a noticeable volume spike.

Cupid Ltd continued its price-volume breakout with traded volume of about 1.04 crore shares. The stock is currently trading at Rs 329.49, higher than the previous close of Rs 313.66, marking a 5.05 per cent change. It also hit a high of Rs 336.99. Returns from the 52-week low are 491.01 per cent, indicating multibagger returns. The move reflects a volume spike along with active participation.

Laxmi India Finance Ltd saw a price-volume breakout with traded volume near 97 lakh shares. The stock is currently trading at Rs 143.5, compared with the previous close of Rs 131.07, showing a 9.48 per cent rise. It recorded a high of Rs 148.9 during the session. Returns from the 52-week low are 23.65 per cent. Volume spike and strong participation supported the price action.

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

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