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

Indian equity benchmarks ended higher on Friday, supported by strong buying in information technology (IT) and Banking shares, even as selling pressure persisted in pharma and consumer durables counters.

The BSE Sensex climbed as much as 0.90 per cent (752.26 points) to an Intraday high of 84,134.97 before trimming gains to close at 83,570.35, up 187.64 points or 0.23 per cent. The broader Nifty 50 also moved higher, gaining up to 0.81 per cent to hit an intraday peak of 25,873.50, but settled at 25,694.35, up 28.75 points or 0.11 per cent.

Top 3 price-volume breakout stocks:

IFCI Ltd showed a price volume breakout with a volume spike. The stock is currently trading at Rs 60.3 against the previous close of Rs 56.1, showing a change of 7.49 per cent. The day’s traded volume was about 25.10 crore shares. The stock touched a high of Rs 62.99 during the day and is close to its 52-week high of Rs 74.5. Returns from the 52-week low stand at 66.57 per cent. Based on the move, the price action was supported by higher volume and the stock continues to trade closer to its yearly range highs.

Billionbrains Garage Ventures Ltd saw a price volume breakout with a volume spike. The stock is currently trading at Rs 173 against the previous close of Rs 164.34, showing a change of 5.27 per cent. The traded volume came in at about 19.01 crore shares. The stock touched a high of Rs 179.78 and remains below its 52-week high of Rs 193.8. Returns from the 52-week low are at 54.46 per cent. The price movement was accompanied by active volumes and the stock is positioned closer to the upper end of its yearly price range.

Federal Bank Ltd recorded a price volume breakout with a volume spike. The stock is currently trading at Rs 270.75 against the previous close of Rs 246.85, showing a change of 9.68 per cent. The traded volume was around 6.68 crore shares for the day. The stock made a new 52-week high at Rs 278.4. Returns from the 52-week low stand at 56.81 per cent. The price movement is supported by increased volumes and the stock is trading near its new yearly high zone.

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

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