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

Indian benchmark indices ended with gains of more than 1 per cent on Friday, July 17, recording their biggest single-day advance in nearly a month. The rally was driven by strong buying in information technology and financial stocks after upbeat quarterly earnings from Tech Mahindra and Jio Financial Services. Heavyweight stocks including Reliance Industries, HDFC Bank and ICICI Bank also supported the market ahead of their earnings announcements.

The Nifty 50 opened at 24,127.60 and briefly slipped to an Intraday low of 24,099.05 amid early volatility. Buying interest soon emerged, helping the index reclaim the 24,180 level before gradually moving towards 24,250 during the first half of the session. The benchmark then traded in a narrow range for most of the day before witnessing a brief dip near 24,220 around 2 p.m. Strong buying in the final hour pushed the index to an intraday high of 24,367.30.

The Nifty 50 settled at 24,334.30, gaining 261.55 points or 1.09 per cent, marking its biggest single-day gain in the last one month. The BSE Sensex surged 964.59 points, or 1.25 per cent, to close at 78,151.46. The Bank Nifty also outperformed, rising more than 900 points or 1.63 per cent. Meanwhile, India VIX climbed around 2 per cent to trade above the 13 mark, indicating a rise in market volatility.

Top 3 price-volume breakout stocks:

FINO Payments Bank Ltd witnessed a price volume breakout during the trading session, supported by a significant rise in trading activity. The stock recorded a traded volume of 5.87 crore shares, indicating higher participation compared with regular sessions. FINO Payments Bank Ltd touched an intraday high of Rs 180.75 and is currently trading at Rs 177.62, compared with the previous close of Rs 158.24, registering a gain of 12.25 per cent. The stock is trading 61.43 per cent above its 52-week low, while its 52-week high stands at Rs 339. The company’s market capitalisation is Rs 1,457.20 crore.

Kalyan Jewellers India Ltd recorded a price volume breakout with a volume spike during the session. The stock saw a traded volume of 5.39 crore shares, reflecting increased trading activity. Kalyan Jewellers India Ltd touched a high of Rs 577.50 and is currently trading at Rs 572.50 against the previous close of Rs 546.60, up 4.74 per cent. The stock is trading 75.05 per cent above its 52-week low, with a 52-week high of Rs 617.70. The company’s market capitalisation stands at Rs 59,282.85 crore.

Federal Bank Ltd witnessed a price volume breakout with a rise in trading volumes. The stock recorded a traded volume of 4.42 crore shares during the session. Federal Bank Ltd touched an intraday high of Rs 351 and is currently trading at Rs 348, compared with the previous close of Rs 326.60, gaining 6.55 per cent. The stock is trading 88.00 per cent above its 52-week low and has touched a 52-week high of Rs 351. The company’s market capitalisation is Rs 85,714.74 crore.

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

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