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

On Monday, July 21, Indian equity benchmarks closed higher, supported by strong Q1 results from ICICI Bank and HDFC Bank. The Nifty 50 rebounded from its 50-day exponential moving average (50-DEMA), breaking a two-day losing streak. At the close, the Nifty gained 122.30 points, or 0.49 per cent, to settle at 25,090.70, while the Sensex advanced 442.63 points, or 0.54 per cent, to 82,200.35.

Top 3 price-volume breakout stocks:

Paradeep Phosphates Ltd traded with a price-volume breakout as the stock is currently trading at Rs 186.5, up 8.88 per cent from the previous close of Rs 171.29. The traded volume stood at around 7.27 crore shares, showing a volume spike. The stock touched an intraday high of Rs 192.98, close to its 52-week high of Rs 192.98. Returns from the 52-week low stand at 136.65 per cent, indicating multibagger returns.

Eternal Ltd saw a price-volume breakout with the stock currently trading at Rs 276.5, rising 7.50 per cent from the previous close of Rs 257.2. The trading volume was approximately 6.75 crore shares, marking a volume spike. The stock reached an intraday high of Rs 277, nearing its 52-week high of Rs 277.75. Returns from the 52-week low are at 31.75 per cent.

Tilaknagar Industries Ltd witnessed a price-volume breakout with the stock currently trading at Rs 419, gaining 5.61 per cent from the previous close of Rs 396.75. The traded volume was about 2.72 crore shares, registering a volume spike. The stock hit an intraday high of Rs 443.9 against the 52-week high of Rs 457. Returns from the 52-week low stand at 109.99 per cent, reflecting multibagger returns.

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

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