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

On Wednesday, February 25, India’s key equity benchmarks, the Nifty 50 and the Sensex, closed in positive territory after trimming most of their Intraday gains. The session was marked by strength in metal and IT stocks, even as select heavyweight counters capped the upside.

After a gap-up opening, the Nifty 50 rallied over 200 points in early trade but pared gains during midday deals.

At the close, the Nifty 50 settled higher by 57.85 points, or 0.23 per cent, at 25,482.50. The Sensex rose 50.15 points, or 0.06 per cent, to 82,276.07. The Bank Nifty ended largely flat at 61,043. Shares of ICICI Bank and Tata Consultancy Services supported the benchmarks, helping them end in the green despite profit-booking at higher levels.

Top 3 price-volume breakout stocks:

Jai Balaji Industries Ltd:nThe stock is currently trading at Rs 69.2 compared to the previous close of Rs 60.85, reflecting a gain of 13.72 per cent during the session. It touched an intraday high of Rs 72.2. Around 3.43 crore shares were traded, indicating strong participation in today’s move. The stock remains below its 52-week high of Rs 156.81 and has delivered Returns of 15.53 per cent from its 52-week low. The rise in price along with higher Volume suggests a price volume breakout on the daily chart.

Renaissance Global Ltd: The stock is currently trading at Rs 128.35 against the previous close of Rs 113.92, up 12.67 per cent for the day. It recorded an intraday high of Rs 130. Trading activity remained firm with about 1.66 crore shares exchanged during the session. The stock is below its 52-week high of Rs 145.5 and has posted Returns of 26.39 per cent from its 52-week low. The combination of higher Volume and price movement indicates a price volume breakout.

Jindal SAW Ltd: The stock is currently trading at Rs 186.7 compared to its previous close of Rs 175.69, marking a gain of 6.27 per cent. It hit an intraday high of Rs 189.85. The session saw trading Volume of around 1.56 crore shares. The stock is below its 52-week high of Rs 286.4 and has generated Returns of 22.03 per cent from its 52-week low. The steady rise in price supported by Volume reflects a price volume breakout in the current session.

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

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