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

Indian equity benchmarks ended sharply lower on Friday, March 27, with the Nifty 50 and Sensex declining over 2 per cent each, as weak global cues and fading hopes of a resolution to the Iran conflict dented investor sentiment.

The Nifty 50 opened with a gap-down of 132 points and extended its losses to hit an Intraday low of 22,804.55. Despite witnessing heavy volumes in the final 30 minutes of trade, the index failed to recover meaningfully. It eventually closed lower by 486.85 points, or 2.09 per cent, at 22,819.60. The Sensex dropped 1,690.23 points, or 2.25 per cent, to settle at 73,583.22. On a weekly basis, the Nifty 50 declined by 1.28 per cent.

Broader market sentiment remained weak, with the Bank Nifty falling 2.67 per cent to close at 52,274.60. The India VIX, a measure of market volatility, surged over 8 per cent to close above the 26 mark, reflecting heightened uncertainty among investors.

Top 3 price-volume breakout stocks:

HEG Ltd saw a sharp move with traded volume of around 4.73 crore shares, indicating strong participation. The stock is currently trading at Rs 563.2 compared to its previous close of Rs 503.1, registering a gain of 11.95 per cent. It has delivered returns of 38.69 per cent from its 52-week low, reflecting sustained upward movement. The price action along with high volume points to a price volume breakout during the session.

RPSG Ventures Ltd recorded traded volume of nearly 2.04 crore shares, showing increased market activity. The stock is currently trading at Rs 825.25 versus its previous close of Rs 720.9, up by 14.47 per cent. It has posted returns of 49.53 per cent from its 52-week low. The rise in price supported by volume suggests a price volume breakout in today’s trade.

Confidence Petroleum India Ltd witnessed traded volume of about 1.64 crore shares. The stock is currently trading at Rs 38.25 as against its previous close of Rs 34.64, gaining 10.42 per cent. It has delivered returns of 36.32 per cent from its 52-week low. The combination of price increase and higher volume indicates a price volume breakout 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.