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

On Tuesday, March 17, India’s key equity benchmarks, the Nifty 50 and the Sensex, closed in positive territory, extending gains from the previous session. The broader markets were supported by a partial recovery in auto stocks following a recent sharp decline, although gains were capped by concerns over the impact of high crude prices on Asia’s third-largest economy.

The benchmark Nifty 50 opened higher and traded within a range of 310 points during the session. After midday trade, the index witnessed a sharp surge, gaining over 1 per cent to hit its Intraday high. It eventually settled just below the 23,600 mark.

At the close, the Nifty 50 rose by 172.35 points, or 0.74 per cent, to end at 23,581.15. The Sensex advanced by 568 points, or 0.75 per cent, to 76,070.85. The Bank Nifty also ended higher by 462 points at 54,876. Meanwhile, the India VIX, the domestic fear gauge, declined by over 8 per cent, indicating reduced market volatility.

Top 3 price-volume breakout stocks:

Eternal Ltd saw a price volume breakout with a volume of around 8.58 crore shares. The stock is currently trading at Rs 234.45 compared to its previous close of Rs 222.04, marking a gain of 5.59 per cent. It has delivered returns of 11.72 per cent from its 52-week low. The rise in price along with higher volume indicates increased participation during the session.

Gokul Agro Resources Ltd recorded a volume of about 4.73 crore shares with a sharp price move. The stock is currently trading at Rs 191 against its previous close of Rs 159.17, up 20.00 per cent. It has given returns of 97.82 per cent from its 52-week low. The combination of strong returns and high volume reflects a notable move during the day.

Websol Energy System Ltd witnessed a volume of nearly 2.83 crore shares. The stock is currently trading at Rs 60.6 compared to its previous close of Rs 53.29, gaining 13.72 per cent. It has posted returns of 20.24 per cent from its 52-week low. The price volume breakout along with the volume spike indicates active trading interest in the stock.

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

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