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

Indian equity benchmark indices ended higher on Thursday, December 4, snapping a 4-day losing streak, supported mainly by gains in information technology stocks. IT shares strengthened as the rupee weakened and market participants increased bets on a possible US Federal Reserve rate cut next week.

At the close, the Nifty 50 rose 47.75 points or 0.18 per cent to finish at 26,033.75, reclaiming the 26,000 mark. The BSE Sensex advanced 158.51 points or 0.19 per cent to 85,265.32. Despite the rebound, the Nifty has still lost 0.65 per cent over the last four sessions, while the Sensex has shed 0.5 per cent after both indices touched record highs last week. India VIX remained steady, indicating stable market sentiment.

Top 3 price-volume breakout stocks:

Hindustan Copper Ltd was currently trading at Rs 363, close to its high of Rs 368. The traded volume stood at 5.68 crore shares, showing a volume spike. The stock showed a 7.02 per cent rise from its previous close of Rs 339.2. With returns of 97.48 per cent from its 52-week low and price–volume breakout conditions, the move was supported by strong participation.

Bliss GVS Pharma Ltd was currently trading at Rs 169.9, against its previous close of Rs 154.96. The stock gained 9.64 per cent and recorded a traded volume of 3.30 crore shares. Returns from the 52-week low stood at 57.14 per cent, and the stock showed a price–volume breakout with a volume spike, indicating increased activity around the Rs 169.9 level.

IPO-analysis">Capillary Technologies India Ltd was currently trading at Rs 722, up from its previous close of Rs 634.15. The stock moved 13.85 per cent with traded volume at 2.39 crore shares. Returns from the 52-week low were 26.66 per cent, and the stock displayed a price–volume breakout along with a volume spike, reflecting strong trading interest near the Rs 722 level.

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

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