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

Indian equity benchmarks ended lower on Friday, May 15, as late-session selling in metal, realty, oil and gas stocks erased most of the day’s gains. Rising crude oil prices, weakness in the rupee and concerns around India’s external sector weighed on investor sentiment.

The Nifty 50 opened over 40 points higher and extended gains during early trade to touch an Intraday high of 23,839.30. However, the benchmark lost nearly 200 points from the day’s high after midday trade amid broad-based selling pressure.

At close, the Nifty 50 settled at 23,643.50, down 46.10 points or 0.19 per cent, snapping its two-day winning streak. The Sensex declined 160.73 points or 0.21 per cent to close at 75,237.99. The India VIX index remained largely steady during the session.

Top 3 price-volume breakout stocks:

Bharat Coking Coal Ltd is currently trading at Rs 38.22 compared to its previous close of Rs 35.62, up 7.30 per cent. The stock recorded traded volume of 24.47 crore shares, indicating a volume spike along with price volume breakout activity. The stock touched an intraday high of Rs 40.40 and is around 28.51 per cent higher from its 52-week low, while its 52-week high stands at Rs 45.09. The company has a market capitalisation of Rs 17,874.64 crore.

Saregama India Ltd is currently trading at Rs 402.20 against its previous close of Rs 384.55, gaining 4.59 per cent. The counter witnessed traded volume of 9.57 crore shares, reflecting a volume spike with price volume breakout movement. The stock hit a high of Rs 443 during the session and has delivered returns of 30.99 per cent from its 52-week low. Its 52-week high is Rs 603, while the company’s market capitalisation stands at Rs 7,986.25 crore.

Nazara Technologies Ltd is currently trading at Rs 303 compared to its previous close of Rs 266, rising 13.91 per cent. The stock saw traded volume of 5.89 crore shares, signalling a volume spike and price volume breakout. It touched an intraday high of Rs 314 and has gained 40.47 per cent from its 52-week low. The stock’s 52-week high is Rs 363.25 and the company has a market capitalisation of Rs 11,105.13 crore.

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

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