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

 Indian benchmark indices ended sharply lower on Monday, June 8, as investors reacted to a broad selloff across Asian markets and a sharp rise in crude oil prices following escalating tensions in the Middle East. Rising geopolitical uncertainty and concerns over higher energy costs weighed on market sentiment throughout the trading session.

The Nifty 50 opened nearly 300 points lower but staged an early recovery to touch an Intraday high of 23,267.30. However, selling pressure intensified during the latter half of the session, dragging the index more than 140 points from its day's high. The Nifty 50 eventually settled at 23,123, down 243.70 points, or 1.04 per cent.

Top 3 price-volume breakout stocks:

Exicom Tele-Systems Ltd: Exicom Tele-Systems Ltd witnessed a price-volume breakout during the session, with the stock currently trading at Rs 146.70, up 9.60 per cent from its previous close of Rs 133.85. The stock touched an intraday high of Rs 154.32 while volumes surged to 7.63 crore shares, indicating increased market activity. The stock remains below its 52-week high of Rs 208.84 and has delivered 94.05 per cent returns from its 52-week low. The combination of higher volumes and a sharp price move reflects strong participation during the trading session.

Also Read: Mukesh Ambani-Led Oil Company Loses Rs 27,000 Crore Market Cap As Stock Falls Amid Weak Market Sentiment

Thomas Cook (India) Ltd: Thomas Cook (India) Ltd recorded a price-volume breakout with the stock currently trading at Rs 104.44, gaining 11.27 per cent over its previous close of Rs 93.86. During the day, the stock hit a high of Rs 109.70 and registered trading volumes of 5.12 crore shares. The stock is trading below its 52-week high of Rs 188.29 and has generated 20.95 per cent returns from its 52-week low. The rise in price along with higher volumes indicates increased trading interest in the counter during the session.

BCL Industries Ltd: BCL Industries Ltd also saw a price-volume breakout, with the stock currently trading at Rs 37.25, up 11.36 per cent from its previous close of Rs 33.45. The stock touched an intraday high of Rs 39.20 and recorded trading volumes of 2.20 crore shares, reflecting a notable increase in activity. The stock remains below its 52-week high of Rs 49.30 and has delivered 45.91 per cent returns from its 52-week low. The higher volume along with the price increase suggests strong market participation during the trading session.

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

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