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

On Friday, February 27, India’s key equity benchmarks, the Nifty 50 and the Sensex, ended sharply lower, falling over 1 per cent in a broad-based sell-off led by heavyweight financial stocks. Investor sentiment remained cautious amid uncertainty over Washington’s next course of action on Iran and ahead of key domestic GDP data.

After opening on a weak note, the Nifty 50 stayed under pressure throughout the session. Although the index traded largely flat during midday deals, showing limited directional movement, a sharp sell-off in the final 30 minutes dragged markets lower and erased earlier stability.

At the closing bell, the Nifty 50 declined 317.90 points, or 1.25 per cent, to settle at 25,178.65, slipping below its 200-day EMA. The Sensex fell 961.42 points, or 1.17 per cent, to close at 81,287.19, snapping a two-day winning streak. ICICI Bank and HDFC Bank emerged as the biggest drags on the indices. The Bank Nifty ended 1.08 per cent lower at 60,529.

Top 3 price-volume breakout stocks:

Tejas Networks Ltd saw significant trading activity today with a volume of 1.26 crore shares. The stock is currently trading at Rs 436, up from the previous close of Rs 371.05, marking a 17.50 per cent increase. The stock has returned 48.30 per cent from its 52-week low of Rs 294. Tejas Networks Ltd experienced a price-volume breakout along with a volume spike.

Redington Ltd recorded a traded volume of 92.29 lakh shares. It is currently trading at Rs 275.65 compared to the previous close of Rs 244.55, a rise of 12.72 per cent. The stock has returned 55.79 per cent from its 52-week low of Rs 176. Redington Ltd also showed a price-volume breakout and a volume spike.

Sarda Energy & Minerals Ltd had a trading volume of 63.21 lakh shares. The stock is currently trading at Rs 549, up from Rs 518.90 previously, reflecting a 5.80 per cent increase. It has returned 38.43 per cent from its 52-week low of Rs 397. The stock showed a price-volume breakout and 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.