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

Nifty and Sensex extended their gains for a second straight day on Wednesday, July 16, closing marginally higher. The Nifty 50 held above the 25,200 mark, supported by buying in stocks like Infosys and Mahindra & Mahindra.

At the close, the Nifty 50 edged up by 16.25 points or 0.06 per cent to 25,212.05, while the Sensex gained 63.57 points or 0.08 per cent to settle at 82,634.48.

Top 3 price-volume breakout stocks:

Network18 Media & Investments Ltd recorded a strong move with a price volume breakout and a volume spike. The stock is currently trading at Rs 62.17, up 11.60 per cent from the previous close of Rs 55.71. The traded volume stood at approximately 31.84 crore shares. Returns from the 52-week low are 56.76 per cent. The current price remains below the 52-week high of Rs 106, but the price and volume movement indicate active participation.

Magellanic Cloud Ltd saw a price volume breakout with a significant volume spike as the stock closed at Rs 97.29, gaining 19.39 per cent from the previous close of Rs 81.49. The traded volume was about 5.07 crore shares. It has delivered multibagger returns of 128.97 per cent from its 52-week low. The stock is near its 52-week high of Rs 97.78, showing strong recent momentum.

Allcargo Logistics Ltd continued to witness buying interest with a price volume breakout and a traded volume of around 2.07 crore shares. The stock is currently trading at Rs 38.2, up 7.42 per cent from the previous close of Rs 35.56. It has returned 44.75 per cent from its 52-week low, although still below the 52-week high of Rs 74.49.

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

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