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

On Tuesday, March 10, India’s key equity benchmarks, the Nifty 50 and the Sensex, closed in positive territory. The benchmarks snapped a two-day losing streak, supported by a fall in oil prices after U.S. President Donald Trump said the Iran war may end soon.

The benchmark Nifty 50 opened with a gap up but later slipped around 200 points to the day’s low of 24,079.95. However, the index recovered during the session and closed above the day’s opening level.

At the close, the Nifty 50 gained 233.55 points, or 0.97 per cent, to end at 24,261.60. The Sensex advanced by 639.82 points, or 0.82 per cent, to close at 78,205.98. The Bank Nifty ended higher by more than 900 points at 56,950.80. Meanwhile, the Indian fear gauge, India VIX, cooled sharply by 19 per cent to close below the level of 19.

Top 3 price-volume breakout stocks:

Redington Ltd recorded a strong move with a price–volume breakout during the session. The stock traded a volume of 7.59 crore shares and was currently trading at Rs 257.4, compared with the previous close of Rs 232.35, reflecting a rise of 10.78 per cent. The stock moved close to its 52-week high of Rs 334.8. It has delivered returns of 45.47 per cent from its 52-week low, while the increase in trading volume indicates active market participation during the move.

Rashtriya Chemicals and Fertilisers Ltd also showed a price–volume breakout with a spike in activity. The stock recorded traded volume of 6.86 crore shares and was currently trading at Rs 127.7, compared with the previous close of Rs 109.95, marking a gain of 16.14 per cent. The stock moved toward its 52-week high of Rs 166.5. It has posted returns of 17.74 per cent from its 52-week low, while the higher volume reflects increased trading during the session.

R Systems International Ltd also registered a price–volume breakout. The stock recorded traded volume of 6.50 crore shares and was currently trading at Rs 313.85, compared with the previous close of Rs 298.1, reflecting an increase of 5.28 per cent. The stock remains below its 52-week high of Rs 496.9. It has delivered returns of 25.21 per cent from its 52-week low, with the rise in volume indicating higher market activity alongside the price movement.

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

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