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

Indian equity benchmark indices extended their decline for the second straight session on Monday, November 24. The domestic market struggled to hold gains at higher levels despite buying interest seen in global markets. The Nifty 50 closed lower by 108.65 points or 0.42 per cent at 25,959.50, falling below the 26,000 mark. The Sensex dropped 331.21 points or 0.39 per cent to settle at 84,900.71. Both indices are now about 1.2 per cent below their recent record highs.

India’s volatility index, India VIX, declined nearly 3 per cent and moved below the 13.5 level, indicating lower near-term volatility expectations. However, broader market sentiment remained weak, with selling pressure seen across midcap and smallcap segments. The Nifty Midcap 100 ended in the red, while the Nifty Smallcap 100 slipped more than 0.5 per cent.

Top 3 price-volume breakout stocks:

Karnataka Bank Ltd: Karnataka Bank Ltd traded with a price volume breakout as the stock moved to a high of Rs 204. The trading volume was nearly 4.80 crore shares, showing a volume spike for the day. The stock is currently trading at Rs 197 compared to the previous close of Rs 188.76, marking a change of 4.37 per cent. Karnataka Bank Ltd has returns of 21.45 per cent from its 52-week low. The price action stayed below the 52-week high of Rs 231, and the move reflected active participation without indicating any stock recommendation.

ITI Ltd: ITI Ltd recorded a high of Rs 332.95 with a price volume breakout and a visible volume spike. The traded volume was about 3.37 crore shares, and the stock is currently trading at Rs 319.85 against the previous close of Rs 297.25, showing a move of 7.60 per cent. ITI Ltd shows returns of 36.66 per cent from its 52-week low, while the 52-week high stands at Rs 592.7. The movement reflects ongoing activity in the stock based on price and volume behaviour.

Astec LifeSciences Ltd: Astec LifeSciences Ltd touched a high of Rs 906.5 with a price volume breakout and a volume spike as the traded volume reached 2.34 crore shares. The stock is currently trading at Rs 890 compared to the previous close of Rs 829, showing a change of 7.36 per cent. The returns from the 52-week low stand at 46.61 per cent, and the 52-week high is at Rs 1254.7. The stock move indicates strong price and volume activity without suggesting 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.