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

Indian equity benchmark indices ended higher on Friday, May 22, supported by gains in private Banking stocks and resilient corporate earnings, even as investors remained cautious over rising crude oil prices and uncertainty surrounding U.S.-Iran peace negotiations.

The Nifty 50 opened on a flat note and extended gains during the session to hit an Intraday high of 23,835.65. However, the index later erased part of its gains and slipped more than 100 points from the day’s peak amid volatile trade. At close, the Nifty 50 settled at 23,719.30, up 64.60 points, or 0.27 per cent.

The Sensex ended at 75,415.35, gaining 231.99 points, or 0.31 per cent. Meanwhile, the India VIX index remained largely unchanged, indicating stable market volatility.

On a weekly basis, the Nifty 50 advanced 0.32 per cent, while the Sensex rose 0.21 per cent.

Top 3 price-volume breakout stocks:

JSW Cement Ltd saw a price-volume breakout during the session as the stock traded with volumes of 10.85 crore shares. The stock touched a high of Rs 142.5 and was currently trading at Rs 136.8, up 7.33 per cent from its previous close of Rs 127.46. The stock is trading below its 52-week high of Rs 162.15, while it has delivered returns of 28.27 per cent from its 52-week low. The move was accompanied by a volume spike, indicating increased trading activity in the counter.

Honasa Consumer Ltd witnessed strong trading activity with volumes of 6.90 crore shares. The stock hit its 52-week high of Rs 402.8 during the day and was currently trading at Rs 379.9, gaining 5.38 per cent over its previous close of Rs 360.5. The company has delivered returns of 52.94 per cent from its 52-week low. The stock registered a price-volume breakout along with a volume spike during the trading session.

Fineotex Chemical Ltd recorded a price-volume breakout with traded volumes of 3.65 crore shares. The stock touched an intraday high of Rs 33.52 and was currently trading at Rs 33.44, up 5.86 per cent compared to its previous close of Rs 31.59. The stock remains below its 52-week high of Rs 35.8 and has generated returns of 75.08 per cent from its 52-week low. The session also saw a volume spike, reflecting higher participation in the stock.

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

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