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

On Tuesday, August 12, Indian benchmark indices closed lower, dragged down by weakness in major private lenders HDFC Bank and ICICI Bank. The Nifty 50 ended down by 97.65 points or 0.40 per cent at 24,487.40, while the Sensex slipped by 368.48 points or 0.46 per cent to settle at 80,235.60.

Top 3 price-volume breakout stocks:

Jayaswal Neco Industries Ltd was trading at Rs 61.51, up 13.80 per cent from the previous close of Rs 54.05, with a traded volume of 14.50 crore shares. The stock touched its 52-week high of Rs 61.8 during the day. Returns from the 52-week low stand at 119.68 per cent, indicating multibagger returns. The movement was accompanied by a price-volume breakout and a volume spike.

Sonata Software Ltd was trading at Rs 372, higher by 12.81 per cent from the previous close of Rs 329.75, with a traded volume of 4.09 crore shares. The stock reached a high of Rs 381 in the session. Returns from the 52-week low are at 29.89 per cent, and the session showed a price-volume breakout with a notable volume spike.

SJVN Ltd was trading at Rs 98.16, up 5.54 per cent from the previous close of Rs 93.01, with a traded volume of 4.02 crore shares. The day’s high was Rs 98.9. Returns from the 52-week low are at 21.88 per cent. The price action reflected a price-volume breakout with increased trading activity.

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

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