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

Indian equity benchmark indices extended their previous session’s gains on Friday, December 12, as sentiment improved following the US Federal Reserve’s rate cut and a less hawkish outlook. The Nifty 50 rose 148.40 points or 0.57 per cent to close at 26,046.95, while the Sensex gained 449.52 points or 0.53 per cent to end at 85,267.66. Both indices rebounded from their 50-day EMA in the prior session and climbed over 1 per cent. India VIX eased by 2.81 per cent, signalling reduced market volatility.

On a weekly basis, however, the Nifty 50 slipped 0.53 per cent, extending the losses recorded in the previous week. Sectoral performance was mixed, with 9 of the 11 key indices closing in the green.

Top 3 price-volume breakout stocks:

GMR Airports Ltd traded with a volume of about 7.17 crore shares and stayed near its high for the day. The stock is currently trading at Rs 104.2, compared to its previous close of Rs 98.16, showing a 6.15 per cent change. The returns from the 52-week low stand at 53.80 per cent. The movement shows price volume breakout supported by a volume spike.

Transformers and Rectifiers (India) Ltd recorded a volume of around 6.24 crore shares. It is currently trading at Rs 277.5, higher than its previous close of Rs 239.15, reflecting a 16.04 per cent change. Returns from the 52-week low are 20.60 per cent. The stock showed price volume breakout along with a volume spike.

Hindustan Copper Ltd saw trading volume of nearly 4.45 crore shares. It is currently trading at Rs 383.2, compared to the previous close of Rs 357.05, showing a 7.32 per cent change. The stock has given multibagger returns of 108.46 per cent from the 52-week low. The stock showed price volume breakout with a volume spike.

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

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