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

On Wednesday, March 11, India’s key equity benchmarks, the Nifty 50 and the Sensex, declined by over 1.5 per cent, erasing the gains recorded in the previous session. Investor sentiment remained cautious amid the ongoing Middle East war, which has raised concerns about its potential impact on global inflation and economic growth. At the same time, crude oil prices remained volatile, adding to market uncertainty.

The benchmark Nifty 50 opened slightly in positive territory but later witnessed a prolonged sell-off during the session, falling by more than 400 points and slipping below the 23,900 mark. By the close of trade, the Nifty 50 had declined by 394.75 points, or 1.63 per cent, to settle at 23,866.85. The Sensex dropped 1,342.27 points, or 1.72 per cent, ending the session at 76,863.71. Meanwhile, the Bank Nifty also ended sharply lower, falling by over 1,200 points to close at 55,735.75. The Indian fear gauge, India VIX, surged by 11 per cent and closed above the 21 level, indicating heightened market volatility.

Top 3 price-volume breakout stocks:

Jindal SAW Ltd: Jindal SAW Ltd recorded strong trading activity during the session with a traded volume of about 9.38 crore shares. The stock is currently trading at Rs 198.6, compared with its previous close of Rs 165.85, reflecting a gain of 19.75 per cent. The move in price was supported by a significant rise in volumes, indicating a price volume breakout and volume spike during the day. The company has delivered 29.80 per cent returns from its 52-week low, while its 52-week high stands at Rs 286.4. The increase in trading volume along with the price movement suggests heightened market participation in the stock.

Apollo Pipes Ltd: Apollo Pipes Ltd also witnessed increased market activity with a traded volume of around 3.31 crore shares. The stock is currently trading at Rs 419.2, compared with its previous close of Rs 382.1, registering a rise of 9.71 per cent. The price movement was accompanied by higher trading volumes, indicating a price volume breakout and volume spike during the session. The company has generated 66.28 per cent returns from its 52-week low, while the 52-week high stands at Rs 494.95. The rise in price along with higher volumes reflects increased participation in the counter during the day.

Fertilisers And Chemicals Travancore Ltd: Fertilisers And Chemicals Travancore Ltd saw notable trading activity with a traded volume of around 2.52 crore shares. The stock is currently trading at Rs 870.4, compared with the previous close of Rs 794.5, marking an increase of 9.55 per cent. The price movement was supported by higher volumes, indicating a price volume breakout and volume spike during the session. The company has delivered 54.05 per cent returns from its 52-week low, while its 52-week high stands at Rs 1,112. The increase in trading volume alongside the price movement indicates active participation in the stock.

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

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