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

On Monday, March 9, India’s key equity benchmarks, the Nifty 50 and the Sensex, closed in red, trimming some early losses. The Nifty 50 fell 1.73 per cent to 24,028.05, while the Sensex declined 1.71 per cent to 77,566.16. Surging oil prices and escalating Middle East conflict heightened concerns over growth, inflation, and India’s import bill.

The Nifty 50 opened sharply lower, touching an 11-month low of 23,697.80, before recovering nearly 330 points by close. The Bank Nifty also fell, ending over 1,700 points lower at 56,019.80. Meanwhile, the India VIX, a gauge of market volatility, jumped 17.5 per cent, rising above 23.

Top 3 price-volume breakout stocks:

R Systems International Ltd is currently trading at Rs 310.2, up from the previous close of Rs 258.5, showing a gain of 20 per cent. The stock has traded a volume of 4.76 crore shares. Its returns from the 52-week low stand at 23.76 per cent, with a market capitalization of Rs 3,675.31 crore. The stock is witnessing a price volume breakout with a volume spike.

Apollo Pipes Ltd is currently trading at Rs 386.9, up from Rs 350.1, marking a 10.51 per cent increase. The stock traded 1.79 crore shares. Returns from its 52-week low are 53.47 per cent, and the market cap is Rs 1,725.45 crore. The stock shows a price volume breakout and a volume spike.

Hindustan Oil Exploration Company Ltd is currently trading at Rs 164.8, above its previous close of Rs 156.47, gaining 5.32 per cent. The stock’s traded volume is 1.01 crore shares. Returns from its 52-week low are 27.40 per cent, with a market capitalization of Rs 2,179.44 crore. The stock is showing a price volume breakout along 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.