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

On Wednesday, August 6, Indian benchmark indices extended their losing streak, pressured by weakness in Large-Cap names like Infosys and Sun Pharmaceuticals. The Nifty 50 fell by 75.35 points or 0.31 per cent to close at 24,574.20, while the Sensex declined by 166.26 points or 0.21 per cent to settle at 80,543.99. The Reserve Bank of India (RBI) maintained the repo rate at 5.5 per cent and retained its "neutral" stance in its monetary policy decision. Meanwhile, global sentiment turned cautious after former US President Donald Trump suggested a potential tariff hike of up to 250 per cent on Indian goods, citing concerns over India’s oil purchases from Russia.

Top 3 price-volume breakout stocks:

Reliance Power Ltd saw a strong trading session with a price-volume breakout and volume spike. The stock closed at Rs 47.46, up by 5.00 per cent from the previous close of Rs 45.20. It is currently trading at Rs 47.46, with around 6.24 crore shares changing hands. The stock has delivered a return of 62.48 per cent from its 52-week low. However, it remains below its 52-week high of Rs 76.49. The market capitalisation of the company stands at Rs 19,628.49 crore.

Transrail Lighting Ltd registered a sharp price movement along with a volume spike. The stock touched a high of Rs 808.80 and is currently trading at Rs 803, marking a 13.78 per cent rise from the previous close of Rs 705.75. The trading volume stood at 2.73 crore shares. The stock has generated multibagger returns of 103.52 per cent from its 52-week low. The company's market capitalisation is Rs 10,646.91 crore.

Zinka Logistics Solutions Ltd also recorded a significant price-volume breakout. It reached a high of Rs 574.20 and is currently trading at Rs 560.20, a 15.45 per cent increase from the previous close of Rs 485.25. The trading volume was about 2.11 crore shares. With returns of 125.57 per cent from its 52-week low, the stock has delivered multibagger returns. The market capitalisation stands at Rs 10,046.16 crore.

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

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