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

Indian equity markets ended nearly flat on Wednesday, snapping a two-day rally as heavy selling in information technology (IT) stocks dragged benchmarks lower. Investor sentiment turned cautious after concerns over rapid advances in artificial intelligence (AI) weighed on software stocks globally.

At the close, the Nifty 50 rose 48.45 points or 0.19 per cent to settle at 25,776.00, while the Sensex gained 78.56 points or 0.09 per cent to end at 83,817.69.

Top 3 price-volume breakout stocks:

Adani-power-ltd-209867">Adani Power Ltd: Adani Power Ltd touched a high of Rs 156.09 and is currently trading at Rs 154.3, compared with the previous close of Rs 143.62, marking a rise of 7.44 per cent. The stock recorded a traded volume of about 7.84 crore shares, showing higher participation. Returns from the 52-week low stand at 66.99 per cent. The move is supported by a price–volume breakout along with a volume spike during the session.

NMDC Ltd: NMDC Ltd moved up to a high of Rs 86.39 and is currently trading at Rs 85.69 versus the previous close of Rs 81.65, reflecting a gain of 4.95 per cent. Trading volume was around 7.38 crore shares, indicating increased activity. Returns from the 52-week low are at 43.94 per cent. The session shows a price–volume breakout supported by a volume spike.

Bank-ltd-100116">IDBI Bank Ltd: IDBI Bank Ltd recorded a high of Rs 112.21 and is currently trading at Rs 109.11, up from the previous close of Rs 102.25, registering a 6.71 per cent increase. The stock saw a traded volume of approximately 5.16 crore shares. Returns from the 52-week low are at 64.08 per cent. The trading pattern reflects a price–volume breakout along with a noticeable 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.