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

Indian equity benchmark indices closed higher on Thursday, December 10, after the U.S. Federal Reserve announced a 25-basis-point interest rate cut, improving global risk sentiment. The Nifty 50 rose 140.55 points or 0.55 per cent to close at 25,898.55, while the Sensex gained 426.86 points or 0.51 per cent to end at 84,818.13, breaking a 3-day losing streak. India VIX declined 4.7 per cent, indicating easing market volatility.

Nifty Metal climbed over 1 per cent as metal prices strengthened globally due to a weaker U.S. dollar, making commodities more attractive for other currency holders. Nifty Auto and Nifty Metal were the top-performing sectors, rising 1.11 per cent and 1.06 per cent, respectively. Nifty Media was the only sector to close in the red with a marginal 0.09 per cent decline.

Top 3 price-volume breakout stocks:

Ola Electric Mobility Ltd is currently trading at Rs 36.65, compared with its previous close of Rs 34.34, showing a 6.73 per cent change. The traded volume stood at 9.82 crore shares, indicating a volume spike along with a price–volume breakout. The stock has given 10.39 per cent returns from its 52-week low while the high for the day reached Rs 37.7. The movement reflects participation supported by strong volumes rather than any directional view.

Rico Auto Industries Ltd is currently trading at Rs 116.54, higher than the previous close of Rs 100.99, marking a 15.40 per cent change. The traded volume was 5.11 crore shares, showing a noticeable rise in activity with a price–volume breakout. The stock has delivered multibagger returns of 115.81 per cent from its 52-week low. The high for the day touched Rs 119.74, suggesting active trading interest based on volume and price expansion.

Shakti Pumps (India) Ltd is currently trading at Rs 619, up from the previous close of Rs 551.05, resulting in a 12.33 per cent change. The traded volume came in at 2.26 crore shares, indicating increased turnover with a price–volume breakout. The stock has recorded 12.86 per cent returns from its 52-week low while hitting a high of Rs 646.3 during the day. The price move aligns with the noticeable rise in traded volume.

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

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