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

Indian benchmark indices, the Sensex and Nifty 50, ended higher on Friday, April 10, surging over 1 per cent and snapping a six-week losing streak. The rally was supported by optimism around the Iran ceasefire and ahead of U.S.-Iran talks.

Indian equities witnessed a broad-based rally led by financial stocks, with blue-chip indices on track for their best weekly performance in over five years. However, geopolitical tensions persisted as Washington accused Tehran of breaching commitments related to the Strait of Hormuz, while Israel launched strikes in Lebanon, which Iran claimed violated the truce. Negotiations between the two sides are scheduled to take place in Pakistan on Saturday.

The Nifty 50 opened 105 points higher with a gap-up start and maintained momentum throughout the session. It closed 275.50 points higher, or 1.16 per cent, at 24,050.60, reclaiming the crucial 24,000 mark. The Sensex advanced 918.60 points, or 1.2 per cent, to settle at 77,550.75. The Bank Nifty outperformed the frontline indices, gaining 1.99 per cent to close at 55,912.75. Meanwhile, the India VIX declined nearly 8 per cent, slipping below the 19 mark, indicating reduced market volatility.

On a weekly basis, the Nifty 50 surged 5.89 per cent, marking its biggest weekly gain in the last five years and breaking a six-week losing streak. The Bank Nifty also posted a sharp rally of over 8 per cent, its strongest weekly performance since 2021.

Top 3 price-volume breakout stocks:

Ola Electric Mobility Ltd witnessed a price volume breakout with a volume of around 103.43 crore shares. The stock is currently trading at Rs 40.4 compared to its previous close of Rs 36.32, reflecting a gain of 11.23 per cent. It touched a high of Rs 41.88 during the session. The stock has delivered returns of 81.57 per cent from its 52-week low, indicating sustained upward movement supported by strong volumes.

New India Assurance Company Ltd also recorded a price volume breakout with traded volume of about 7.61 crore shares. The stock is currently trading at Rs 155.92 against its previous close of Rs 129.94, registering a rise of 19.99 per cent. It hit an Intraday high of Rs 155.92. The stock has given returns of 33.30 per cent from its 52-week low, reflecting steady price action along with increased participation.

Cohance Lifesciences Ltd saw a price volume breakout backed by a volume of nearly 4.76 crore shares. The stock is currently trading at Rs 373.3 compared to its previous close of Rs 316.85, up by 17.82 per cent. It touched a high of Rs 380.2 during the day. The stock has posted returns of 39.97 per cent from its 52-week low, supported by rising volumes and price movement.

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

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