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

Indian equity markets witnessed a sharp sell-off on Monday, December 8, as cautious global sentiment and investor nervousness ahead of the US Federal Reserve’s policy meeting weighed heavily on sentiment. Both benchmark indices snapped their two-day winning streak and recorded their steepest Intraday fall in nearly three months.

The Nifty 50 declined by 225.90 points or 0.86 per cent to close at 25,960.55, while the Sensex fell 609.68 points or 0.71 per cent to end at 85,102.69. Market volatility spiked, with India VIX rising 7.85 per cent, signalling increased uncertainty across the broader market. The Nifty 50 also saw trading volumes surpassing the 20-day average, highlighting intensified activity during the downturn.

Top 3 price-volume breakout stocks:

Rolex Rings Ltd showed active trading with a volume of about 2.71 crore shares. The stock is currently trading at Rs 122.65, higher than the previous close of Rs 109.15, reflecting a 12.37 per cent change. The returns from the 52-week low stand at 22.91 per cent. The move came with a price-volume breakout and a volume spike, while the stock remains below its 52-week high of Rs 218.39.

Latent View Analytics Ltd recorded a trading volume of around 2.41 crore shares. It is currently trading at Rs 499, compared to the previous close of Rs 450.9, indicating a 10.67 per cent change. The stock has delivered 46.25 per cent returns from its 52-week low. A price-volume breakout and a volume spike were seen during the session, with the stock moving near its 52-week high of Rs 520.25.

Dredging Corporation of India Ltd witnessed trading volume of about 65.53 lakh shares. The stock is currently trading at Rs 1015, up from the previous close of Rs 880.55, showing a 15.27 per cent change. Returns from the 52-week low stand at 105.05 per cent, indicating multibagger returns for the period. The session saw a price-volume breakout and a volume spike, while the stock touched its 52-week high of Rs 1044.9.

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

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