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

Indian equity benchmark indices moved higher on Wednesday, November 19, closing in the green and approaching the all-time high recorded in September 2024. The upmove was supported by gains in Reliance and Hero MotoCorp as improving earnings outlooks lifted investor sentiment.

The Nifty 50 rose 139.50 points or 0.54 per cent to close at Rs 26,192.15, while the Sensex advanced 446.21 points or 0.52 per cent to end at Rs 85,632.68. Both indices are now around 0.32 per cent below their respective record highs. India VIX increased by more than 1 per cent, crossing above the level of 12, indicating a slight rise in market volatility.

Top 3 price-volume breakout stocks:

Mahindra and Mahindra Financial Services Ltd showed a price–volume breakout as the stock recorded a traded volume of 1.19 crore shares. The stock is currently trading at Rs 346.15, compared with the previous close of Rs 329.85, marking a move of 4.94 per cent. The stock touched a high of Rs 348.95, which is also its 52-week high. Returns from the 52-week low stand at 49.51 per cent. Volume expansion supported the move, indicating strong participation without suggesting any stock recommendation.

Astec LifeSciences Ltd recorded a traded volume of 81.37 lakh shares, and the stock is currently trading at Rs 750.4, higher than the previous close of Rs 625.35, showing a move of 20.00 per cent. The day high stood at Rs 750.4, while the 52-week high is Rs 1,254.7. Returns from the 52-week low are 23.61 per cent. The move came with a volume spike and a price–volume breakout, indicating strong activity without offering any view on future price direction.

IPO-riding-the-peb-prefab-capex-wave-should-you-subscribe-id003-52759">EPack Prefab Technologies Ltd saw a traded volume of 74.50 lakh shares. The stock is currently trading at Rs 323.3, compared with the previous close of Rs 308.15, reflecting a move of 4.92 per cent. The stock hit a high of Rs 337.8 during the day and holds a 52-week high of Rs 344. Returns from the 52-week low stand at 80.29 per cent. The price–volume breakout and volume spike indicate notable trading interest, without implying any recommendation.

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

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