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

Indian equity markets ended sharply lower on Friday, May 29, as both Sensex and Nifty 50 came under pressure due to weakness in heavyweight stocks, MSCI index rebalancing outflows, and cautious global sentiment amid lingering Middle East geopolitical tensions.

The Nifty 50 opened on a flat note and moved in a narrow range during early trade. However, selling pressure intensified in the second half of the session, dragging the index more than 400 points from the day’s high. The late-session fall extended losses for the third consecutive trading session, with market participants attributing the weakness largely to MSCI index rebalancing-related flows.

At the close, the Nifty 50 settled below the 23,550 mark at 23,359.40, down 359.40 points or 1.5 per cent. The Sensex ended at 74,775.74, declining 1,092.05 points or 1.44 per cent. The Bank Nifty index also fell over 1 per cent, weighed down by weakness in HDFC Bank. The India VIX rose 8 per cent, moving above 16, signaling increased market volatility.

Top 3 price-volume breakout stocks:

Ola Electric Mobility Ltd: The stock is currently trading at Rs 41.25, up 5.12 per cent from its previous close of Rs 39.24. During the session, it touched a high of Rs 42.88 with trading volume of 32.62 crore shares. The stock witnessed a price-volume breakout along with a volume spike. It has delivered returns of 85.39 per cent from its 52-week low and is trading below its 52-week high of Rs 71.25. The company's market capitalisation stands at Rs 17,399.51 crore.

Bharat Coking Coal Ltd: The stock is currently trading at Rs 41.35, gaining 6.71 per cent compared to its previous close of Rs 38.75. It touched an Intraday high of Rs 42.50 and recorded trading volume of 13.98 crore shares. The counter saw a price-volume breakout supported by a volume spike. The stock has generated returns of 39.04 per cent from its 52-week low and is trading near its 52-week high of Rs 45.09. The company's market capitalisation is Rs 19,252.04 crore.

Exicom Tele-Systems Ltd: The stock is currently trading at Rs 159.95, rising 8.65 per cent from its previous close of Rs 147.21. It touched a high of Rs 173.00 during the session with trading volume of 2.00 crore shares. The stock witnessed a price-volume breakout along with a volume spike. It has delivered multibagger returns of 111.57 per cent from its 52-week low and remains below its 52-week high of Rs 208.84. The company's market capitalisation stands at Rs 2,210.13 crore.

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

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