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

Indian equity benchmarks ended lower on Tuesday, May 26, as renewed U.S. military strikes dampened hopes of an imminent peace agreement with Iran. The decline came a day after markets rallied to two-week highs on expectations that tensions in the Middle East would ease.

The Nifty 50 opened 27 points lower and initially climbed to an Intraday high of 24,089.80. However, selling pressure emerged in the latter half of the session, dragging the benchmark down by over 0.5 per cent and snapping its two-day winning streak.

At the close, the Nifty 50 settled below the crucial 24,000 mark at 23,031.70, down 118 points or 0.49 per cent. The Sensex also ended in negative territory, declining 479.25 points or 0.63 per cent to close at 76,009.71. The Bank Nifty index mirrored the broader weakness and slipped nearly 200 points. Meanwhile, the India VIX index declined 3.4 per cent to around 16 levels.

Top 3 price-volume breakout stocks:

Bharat Coking Coal Ltd witnessed a price-volume breakout with traded volume of 6.50 crore shares. The stock is currently trading at Rs 37.99 against its previous close of Rs 36.03, up 5.44 per cent. During the session, the stock touched a high of Rs 39.13, while its 52-week high stands at Rs 45.09. The company has delivered returns of 27.74 per cent from its 52-week low, indicating sustained recovery along with a rise in trading activity.

Marksans Pharma Ltd saw strong volume participation with 3.81 crore shares traded during the session. The stock is currently trading at Rs 254.45 compared to its previous close of Rs 220.26, registering a gain of 15.52 per cent. It touched an intraday high of Rs 258.80 and is moving close to its 52-week high of Rs 270.70. The stock has delivered returns of 64.16 per cent from its 52-week low, supported by higher volumes and a price breakout pattern.

Vikran Engineering Ltd recorded a price-volume breakout with traded volume of 3.03 crore shares. The stock is currently trading at Rs 77.80 versus its previous close of Rs 70.62, rising 10.17 per cent. The stock touched a high of Rs 81 during the trading session, while its 52-week high is Rs 118.40. The company has generated returns of 52.25 per cent from its 52-week low, alongside increased market participation and volume spike activity.

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

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