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

Indian equity indices touched fresh all-time highs on Thursday, November 27, marking a new milestone after 14 months. The benchmarks briefly revisited levels last seen in September 2024 before giving up part of their Intraday gains due to profit-booking near peak levels. The move to record highs was supported mainly by strength in Banking and financial stocks, driven by expectations of a possible rate cut by the Reserve Bank of India, which typically boosts credit growth and profitability for lenders.

The Nifty 50 closed marginally higher by 10.25 points or 0.04 per cent at 26,215.55 after hitting an all-time high of 26,310.45. The Sensex ended up by 110.88 points or 0.13 per cent at 85,720.38, after touching its lifetime high of 86,055.86 in the session. India VIX, the market’s volatility indicator, remained stable throughout the day, reflecting steady sentiment.

Top 3 price-volume breakout stocks:

Patel Engineering Ltd: Patel Engineering Ltd is currently trading at Rs 37.37 with traded volume at about 22.09 crore shares. The stock moved up from the previous close of Rs 33.17, showing a gain of 12.66 per cent. Returns from the 52-week low stand at 18.45 per cent. The move came with a price volume breakout and a volume spike, indicating strong participation without signalling any view.

Ashok Leyland Ltd: Ashok Leyland Ltd is currently trading at Rs 158.88 with traded volume close to 9.02 crore shares. The stock increased from the previous close of Rs 148.95, marking a gain of 6.67 per cent. Returns from the 52-week low stand at 65.62 per cent. The stock touched its 52-week high of Rs 162 on the same day, supported by a price volume breakout and a volume spike.

Tata-motors-ltd-100570">Tata Motors Ltd: Tata Motors Ltd is currently trading at Rs 343.70 with traded volume near 2.27 crore shares. The stock moved up from the previous close of Rs 324.05, reflecting a gain of 6.06 per cent. Returns from the 52-week low are 12.21 per cent. The stock tested its 52-week high of Rs 347.70 during the session and showed a price volume breakout along with a volume spike.

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

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