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

India’s key equity benchmarks, the Nifty 50 and the Sensex, declined nearly 1 per cent on Thursday, March 12, extending the previous session’s fall. The decline came as crude oil prices surged amid escalating Middle East tensions and trade worries resurfaced after the U.S. launched fresh investigations into 16 major trading partners, including India.

The benchmark Nifty 50 opened 192 points lower and remained below the 23,800 mark, briefly touching an Intraday high of 23,833. During the session, the Nifty 50 index also hit its 10-month low. At the close, the Nifty 50 declined by 227.70 points, or 0.95 per cent, to settle at 23,639.15.

Top 3 price-volume breakout stocks:

NTPC Green Energy Ltd: NTPC Green Energy Ltd recorded trading activity with a traded volume of about 16.53 crore shares during the session. The stock is currently trading at Rs 97, compared with its previous close of Rs 86.73, reflecting a gain of 11.84 per cent. The price movement was accompanied by higher trading volumes, indicating a price volume breakout and volume spike during the day. The company has delivered 15.48 per cent returns from its 52-week low, while its 52-week high stands at Rs 117.64. The increase in volume along with the price movement indicates market participation in the stock during the session.

Adani Power Ltd: Adani Power Ltd saw trading activity with a traded volume of around 8.13 crore shares. The stock is currently trading at Rs 149.8, compared with the previous close of Rs 138.85, marking an increase of 7.89 per cent. The price movement occurred along with higher volumes, indicating a price volume breakout and volume spike during the session. The company has delivered 62.12 per cent returns from its 52-week low, while its 52-week high stands at Rs 182.7. The rise in volume along with the price movement indicates participation in the counter during the day.

Bharat Coking Coal Ltd: Bharat Coking Coal Ltd registered trading activity with a traded volume of about 6.21 crore shares. The stock is currently trading at Rs 35.94, compared with the previous close of Rs 33.35, reflecting a gain of 7.77 per cent. The price movement was accompanied by higher trading volumes, indicating a price volume breakout and volume spike during the session. The company has delivered 15.34 per cent returns from its 52-week low, while its 52-week high stands at Rs 45.09. The increase in trading volume along with the price movement indicates activity in the stock during the day.

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

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