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

Indian equity benchmarks ended lower on Friday, June 5, as investors reacted to the Reserve Bank of India's monetary policy decision. While the central bank kept the key policy rate unchanged and maintained its "neutral" stance as widely expected, caution prevailed after the RBI raised its inflation forecast and lowered its economic growth projection for the current financial year.

The Nifty 50 opened 62 points lower and failed to hold on to early gains amid persistent selling pressure throughout the session. The benchmark index settled below the 23,400 mark, ending the day at 23,366.70, down 49.85 points or 0.21 per cent. The Sensex also closed in negative territory, declining 116.66 points or 0.16 per cent to finish at 74,243.35. In contrast, Bank Nifty extended its winning streak for a fourth consecutive session, rising 0.35 per cent, while India VIX, the market's fear gauge, remained largely stable.

Top 3 price-volume breakout stocks:

Zee Entertainment Enterprises Ltd: Zee Entertainment Enterprises Ltd witnessed a price-volume breakout with a volume spike as around 23.03 crore shares were traded during the session. The stock is currently trading at Rs 112.39, compared with its previous close of Rs 104.42, reflecting a gain of 7.63 per cent. The stock touched an Intraday high of Rs 113.70 and remains below its 52-week high of Rs 151.70. It has delivered returns of 65.28 per cent from its 52-week low, indicating a strong recovery from lower levels. The sharp increase in trading volume along with the price move points to heightened market participation.

Network18 Media & Investments Ltd: Network18 Media & Investments Ltd recorded a price-volume breakout accompanied by a volume spike, with approximately 12.05 crore shares changing hands. The stock is currently trading at Rs 33.61 against its previous close of Rs 29.99, registering a gain of 12.07 per cent. During the session, it touched a high of Rs 33.90. The stock remains below its 52-week high of Rs 65.29 and has generated returns of 22.75 per cent from its 52-week low. The rise in price supported by strong trading volumes indicates increased activity in the counter.

Himadri Speciality Chemical Ltd: Himadri Speciality Chemical Ltd saw a price-volume breakout with a volume spike as nearly 2.44 crore shares were traded. The stock is currently trading at Rs 688.00, up from its previous close of Rs 642.00, marking a gain of 7.17 per cent. It touched its 52-week high of Rs 698.00 during the session. The stock has delivered returns of 64.40 per cent from its 52-week low. The combination of higher trading volumes and the move towards a new 52-week high reflects increased participation by market participants during the session.

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

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