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

Indian equity benchmarks ended lower for the fourth straight session on Monday, December 29, as thin year-end participation and continued foreign fund outflows kept investor sentiment cautious. The absence of near-term domestic or global triggers resulted in range-bound trading, keeping risk appetite subdued across the market.

At the close, the Nifty 50 declined 100.20 points, or 0.38 per cent, to 25,942.10, while the Sensex slipped 345.91 points, or 0.41 per cent, to settle at 84,695.54. Both indices had touched record highs in November after a gap of 14 months but have remained under pressure in December. So far this month, the Nifty has fallen around 1.46 per cent, while the Sensex is down nearly 1.71 per cent.

Top 3 price-volume breakout stocks:

HFCL Ltd: HFCL Ltd touched a high of Rs 68.04 during the session and is currently trading at Rs 64.49, compared with a previous close of Rs 61.47, showing a change of 4.91 per cent. Trading volume stood at around 17.19 crore shares, indicating higher participation during the move. The stock remains below its 52-week high of Rs 116.40. Returns from the 52-week low are at 6.21 per cent, and the price move was accompanied by a price-volume breakout with a visible volume spike.

MMTC Ltd: MMTC Ltd moved up to a session high of Rs 71.95 and is currently trading at Rs 69.79, against a previous close of Rs 64.24, marking a change of 8.64 per cent. The stock recorded trading volume of about 10.75 crore shares, reflecting increased activity. It is trading below its 52-week high of Rs 88.19. Returns from the 52-week low stand at 56.83 per cent, with the session marked by a price-volume breakout supported by a volume spike.

Mishra Dhatu Nigam Ltd: Mishra Dhatu Nigam Ltd reached an Intraday high of Rs 363.70 and is currently trading at Rs 351, compared with a previous close of Rs 318.60, registering a change of 10.17 per cent. The traded volume was approximately 3.89 crore shares during the session. The stock is below its 52-week high of Rs 469. Returns from the 52-week low are at 54.67 per cent, and the move was supported by a price-volume breakout along with higher volume.

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

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