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

On July 14, Indian benchmark indices ended lower for the fourth straight session as weakness in IT stocks dragged the market despite strength in other sectors. The Nifty 50 declined 67.55 points or 0.27 per cent to close at Rs 25,082.30, while the Sensex dropped 247.01 points or 0.30 per cent to settle at Rs 82,253.46. The Nifty IT index fell 1.3 per cent after weak Q1 results from Tata Consultancy Services last week, raising concerns over demand. HCL Technologies declined 1.13 per cent ahead of its earnings release, and Infosys is set to report next week.

Top 3 price-volume breakout stocks:

Ola Electric Mobility Ltd witnessed a sharp price-volume breakout as it closed at Rs 47.66, up 19.75 per cent from its previous close of Rs 39.80. The stock saw a significant volume spike, with over 59.73 crore shares traded during the session. Currently trading at Rs 47.66, the stock remains well below its 52-week high of Rs 157.4. However, it has gained 20.35 per cent from its 52-week low, supported by strong participation and increased investor activity.

Mahanagar Telephone Nigam Ltd closed at Rs 52.09, up 7.20 per cent from the previous close of Rs 48.59. The stock saw a price-volume breakout with a total trading volume of over 2.32 crore shares. Currently trading at Rs 52.09, the scrip remains below its 52-week high of Rs 101.93. The stock has generated a 39.20 per cent return from its 52-week low, indicating notable buying interest on higher volumes.

V I P Industries Ltd ended the day at Rs 480.95, marking a 5.34 per cent rise from its previous close of Rs 456.55. The session recorded a trading volume of over 1.14 crore shares, indicating strong market participation. Currently trading at Rs 480.95, the stock is below its 52-week high of Rs 589.75. Returns from the 52-week low stand at 93.66 per cent, and the stock displayed signs of a price-volume breakout driven by a volume spike.

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

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