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

On Friday, March 20, India’s benchmark indices, the Nifty 50 and the Sensex, ended in positive terrain, surging over 0.5 per cent. The rally was led by a rebound in information technology stocks and broader Asian gains as oil prices eased, following assurances from leading European nations and Japan to secure safe passage for ships through the Strait of Hormuz.

The Nifty 50 opened with a gap-up and surged to a day high of 23,345. However, after midday trade, the index declined by 230 points from the day’s high, forming a doji candlestick pattern. By the close, the Nifty 50 ended up 112.35 points, or 0.49 per cent, at 23,114.50. On a weekly basis, the index recorded a marginal loss of 0.16 per cent.

The Sensex advanced by 325.72 points, or 0.44 per cent, to 74,532.96 on Friday, while posting a minor weekly decline of 0.05 per cent. The Bank Nifty index fell slightly by 0.04 per cent, closing at 53,427.05. The Indian fear gauge, India VIX, remained flat at 22.81.

Top 3 price-volume breakout stocks:

Brainbees Solutions Ltd is currently trading at Rs 252.07, up from the previous close of Rs 210.06, showing a percent change of 20.00 per cent. The stock has a trading volume of 7.04 crore shares and has delivered returns of 21.74 per cent from its 52-week low of Rs 207. Its market cap stands at Rs 12,090.97 crore, with a 52-week high of Rs 438.7. The day shows a price volume breakout and volume spike.

Inox Green Energy Services Ltd is currently trading at Rs 148.88, above the previous close of Rs 140.28, with a percent change of 6.13 per cent. The stock recorded a volume of 6.91 crore shares and returns of 43.15 per cent from its 52-week low of Rs 104. Its market cap is Rs 6,041.79 crore, with a 52-week high of Rs 279. A price volume breakout and volume spike are visible in trading today.

Websol Energy System Ltd is currently trading at Rs 74.85, up from Rs 62.38 previously, showing a percent change of 19.99 per cent. It traded 5.98 crore shares and has returned 48.51 per cent from its 52-week low of Rs 50.3. The company’s market cap is Rs 3,241.90 crore, and its 52-week high is Rs 158.99. The stock shows a price volume breakout and volume spike today.

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

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