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

On Friday, August 22, Indian equity markets snapped a six-day winning streak as benchmark indices closed lower, weighed down by Reliance Industries and HDFC Bank. Investors turned cautious ahead of US Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium.

At the closing bell, the Nifty 50 ended down by 213.65 points or 0.85 per cent at 24,870.10, while the Sensex slipped by 693.86 points or 0.85 per cent to 81,306.85. Despite the decline, the Nifty 50 posted a weekly gain of 0.97 per cent, marking its second consecutive positive week, though it settled near the week’s low.

Top 3 price-volume breakout stocks:

Apollo Micro Systems Ltd showed strong action today as the stock is currently trading at Rs 235.8, up from the previous close of Rs 205.23. The stock touched a high of Rs 240.4, with a traded volume of nearly 8.90 crore shares, indicating heavy participation. Returns from the 52-week low stand at 167.98 per cent, which falls in the category of multibagger returns. The move came with a price-volume breakout and a volume spike, reflecting strong market activity around the counter.

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Aditya Birla Fashion and Retail Ltd is currently trading at Rs 81.16, higher than the previous close of Rs 75.65. The stock hit a high of Rs 81.99 today, supported by a traded volume of 8.75 crore shares. Returns from the 52-week low are at 15.04 per cent. The stock showed a price-volume breakout with a visible volume spike, highlighting active market interest in the session.

Zee Entertainment Enterprises Ltd is currently trading at Rs 122.9, compared with the previous close of Rs 117.11. The stock recorded a high of Rs 124.14 with a traded volume of 4.26 crore shares. Returns from the 52-week low stand at 37.60 per cent. The stock also showed signs of a price-volume breakout with a notable increase in traded volume during the day.

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

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