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

On Wednesday, March 18, India’s key equity benchmarks, the Nifty 50 and the BSE Sensex, closed in positive territory, extending gains for the third consecutive trading session.

The benchmark Nifty 50 witnessed a gap-up opening and moved higher with steady momentum through the session. After midday, the index touched an Intraday high of 23,862.25. However, profit booking emerged towards the close, dragging the index below the 23,800 mark.

At closing, the Nifty 50 advanced by 196.65 points, or 0.83 per cent, to settle at 23,777.80. The Sensex rose by 633.30 points, or 0.83 per cent, to 76,704.14. The Nifty Bank ended higher by 450 points at 55,326. Meanwhile, the India VIX declined by over 5 per cent, indicating easing market volatility.

Top 3 price-volume breakout stocks:

Urban Company Ltd witnessed a technical move with strong participation, as the stock recorded traded volume of around 13.93 crore shares. The price is currently trading at Rs 121.66 compared to the previous close of Rs 110.11, reflecting a gain of 10.49 per cent. The move is supported by increased volume, indicating a price volume breakout. The stock has delivered returns of 20.81 per cent from its 52-week low, showing recovery alongside rising activity.

MMTC Ltd saw a sharp move supported by volume, with traded volume of about 12.57 crore shares. The stock is currently trading at Rs 63.79 against the previous close of Rs 53.16, registering a gain of 20.00 per cent. The alignment of price rise with higher volumes suggests a price volume breakout and volume spike. It has delivered returns of 43.35 per cent from its 52-week low, indicating continued upward movement backed by participation.

JBM Auto Ltd recorded notable activity with traded volume of around 4.43 crore shares. The stock is currently trading at Rs 590.6 compared to the previous close of Rs 492.2, up by 19.99 per cent. The increase in price along with higher traded volume reflects a price volume breakout. The stock has generated returns of 23.82 per cent from its 52-week low, indicating a steady upward trend supported by volume.

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

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