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

On Tuesday, August 5, Indian benchmark indices ended in negative territory, dragged by heavyweights ICICI Bank and Infosys. The Nifty 50 closed lower by 73.20 points or 0.30 per cent at 24,649.55, while the Sensex declined by 308.47 points or 0.38 per cent to settle at 80,710.25. Investor sentiment remained cautious amid geopolitical tensions and fresh tariff threats from US President Donald Trump over India’s oil imports from Russia.

Top 3 price-volume breakout stocks:

Jayaswal Neco Industries Ltd traded with high activity on the day, registering a volume of over 15.90 crore shares. The stock is currently trading at Rs 55.7, reflecting a rise of 7.20 per cent from its previous close of Rs 51.96. The company has shown returns of 98.93 per cent from its 52-week low, and it touched a new 52-week high of Rs 55.75 during the session. The price and volume breakout along with the volume spike indicate a strong move in the stock.

New India Assurance Company Ltd recorded a trading volume of 3.30 crore shares. The stock is currently trading at Rs 197.6, up by 5.38 per cent from the previous close of Rs 187.51. The company has delivered returns of 45.72 per cent from its 52-week low. The price volume breakout and volume spike suggest a notable upward move. The 52-week high for the stock remains at Rs 279.05.

Prakash Industries Ltd saw trading volume of over 2.14 crore shares. It is currently trading at Rs 186.7, reflecting an increase of 11.67 per cent over the previous close of Rs 167.19. The stock has given returns of 40.90 per cent from its 52-week low and reached an intraday high of Rs 190.9. The movement was supported by a price volume breakout and a spike in volume.

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

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