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

Indian stock markets closed higher on Monday, led by strong gains in State Bank of India (SBI) following the release of its Q3 results. Investor sentiment was further supported by positive developments in the India-U.S. trade front.

On Friday, India and the U.S. released a joint statement outlining a framework for the Interim Trade Agreement (ITA), following the announcement of the trade deal earlier last week. Market participants welcomed this development as it is expected to enhance bilateral trade and investment flows.

At the close, the BSE Sensex stood at 84,065.75, up 485.35 points or 0.58 per cent. The NSE Nifty50 ended at 25,867.3, gaining 173.6 points or 0.68 per cent.

Top 3 price-volume breakout stocks:

IFCI Ltd saw trading activity with a volume of 21.11 crore shares. The stock is currently trading at Rs 64.57, up from the previous close of Rs 60.18, marking a 7.29 per cent gain. The stock has returned 78.37 per cent from its 52-week low of Rs 36.23, indicating significant upward movement. Price and volume patterns show a breakout along with a volume spike.

Kalyan Jewellers India Ltd recorded a traded volume of 73.67 lakh shares. It is currently trading at Rs 436, up 14.66 per cent from the previous close of Rs 380.25. The stock has returned 25.47 per cent from its 52-week low. The movement is accompanied by a price-volume breakout and a volume spike.

Shipping Corporation of India Ltd traded 71.77 lakh shares and is currently at Rs 266.16, up 20.00 per cent from the previous close of Rs 221.8. Returns from the 52-week low stand at 92.51 per cent. Price and volume activity indicate a 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.