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

On Wednesday, April 8, India’s benchmark indices, the Nifty 50 and the Sensex, extended their winning streak to five consecutive sessions, ending sharply higher. The rally was primarily driven by a steep decline in crude oil prices after U.S. President Donald Trump agreed to a two-week ceasefire with Iran, easing geopolitical tensions. Additionally, the Reserve Bank of India (RBI) maintained status quo on interest rates, supporting investor sentiment.

The Nifty 50 witnessed a strong start, opening with a massive gap-up of 731 points. The index remained resilient throughout the session, hovering near the 24,000 mark and recording its biggest Intraday gains in the last 11 months. By the close, the Nifty 50 surged 873.70 points, or 3.78 per cent, to settle at 23,997.35. Meanwhile, the Sensex jumped 2,946.32 points, or 3.95 per cent, to end at 74,616.58.

The Bank Nifty outperformed the frontline indices, gaining 5.67 per cent to close at 55,703.90. Notably, the banking index recorded its biggest intraday gains in the last five years, marking its strongest performance since February 1, 2021.

Top 3 price-volume breakout stocks:

Ashok Leyland Ltd saw a price volume breakout supported by a volume spike, with traded volume of around 10.23 crore shares. The stock is currently trading at Rs 172.3 compared to its previous close of Rs 152.93, reflecting a gain of 12.67 per cent. It touched a high of Rs 173.16 during the session. The move comes with returns of 74.04 per cent from its 52-week low, indicating sustained price participation along with rising volumes.

Suzlon Energy Ltd recorded a price volume breakout along with a volume spike, with traded volume of about 9.88 crore shares. The stock is currently trading at Rs 44.33 against its previous close of Rs 41.55, up 6.69 per cent, and touched a high of Rs 44.38. It has delivered returns of 16.08 per cent from its 52-week low, showing gradual price movement supported by increased trading activity.

HDFC Bank Ltd witnessed a price volume breakout backed by a volume spike, with traded volume of nearly 7.03 crore shares. The stock is currently trading at Rs 817.5 compared to its previous close of Rs 772, gaining 5.89 per cent, with an intraday high of Rs 817.8. The stock has given returns of 12.50 per cent from its 52-week low, reflecting steady price movement with higher volume participation.

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

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