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:

Indian Energy Exchange Ltd saw a price volume breakout as it closed at Rs 144.8, up 9.43 per cent from its previous close of Rs 132.32. The stock traded with a volume of around 2.98 crore shares, indicating a volume spike. Returns from the 52-week low stand at 10.11 per cent, with the price moving closer to its 52-week high of Rs 244.4.

Vimta Labs Ltd recorded a strong move and price volume breakout with the stock currently trading at Rs 593, a 17.21 per cent rise from its previous close of Rs 505.95. Trading volume stood at approximately 1.66 crore shares. The stock has delivered multibagger returns of 144.99 per cent from its 52-week low, and the day’s price reached the 52-week high of Rs 598.65.

Sharda Cropchem Ltd posted a price volume breakout with the stock trading at Rs 1090.5, reflecting a 20.00 per cent increase over the previous close of Rs 908.75. Volume for the day was about 88.21 lakh shares, showing a volume spike. The stock has provided multibagger returns of 141.13 per cent from the 52-week low and touched its 52-week high of Rs 1090.5 during the session.

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

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