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

Indian equity benchmarks ended lower on Tuesday, April 28, with the Sensex and Nifty 50 declining by nearly 0.5 per cent amid weakness in Banking stocks and a sharp rise in crude oil prices. Sentiment remained subdued after the central bank’s credit-loss guidelines weighed on financial stocks, while Brent crude climbing to USD 111 per barrel added further pressure.

The benchmark Nifty 50 opened around 42 points lower and initially climbed to an Intraday high of 24,181. However, as the session progressed, the index slipped below the crucial 24,000 mark and ended in negative territory. At the close, the Nifty 50 fell 97 points, or 0.40 per cent, to settle at 23,995.70. The Sensex declined by 416.73 points, or 0.54 per cent, to close at 76,886.91. Meanwhile, the Nifty volatility index remained steady near the 18 mark.

Top 3 price-volume breakout stocks:

Epack Durable Ltd is currently trading at Rs 289.46, compared to its previous close of Rs 269.64, reflecting a gain of 7.35 per cent. The stock recorded traded volume of around 5.45 crore shares, indicating increased market participation. It has delivered returns of 47.57 per cent from its 52-week low. The price movement, along with volume activity, suggests a price volume breakout supported by a volume spike during the session.

Oil and Natural Gas Corporation Ltd is currently trading at Rs 302, up from its previous close of Rs 285.9, marking a rise of 5.63 per cent. The traded volume stood at approximately 5.15 crore shares. The stock has generated returns of 32.20 per cent from its 52-week low. It is trading near its 52-week high of Rs 302.4, with price action supported by volume spike and price volume breakout during the day.

Cohance Lifesciences Ltd is currently trading at Rs 488.65, compared to its previous close of Rs 432.1, showing an increase of 13.09 per cent. The stock witnessed traded volume of about 4.09 crore shares. It has delivered returns of 83.22 per cent from its 52-week low. The session reflects a price volume breakout along with a volume spike, indicating strong activity in the counter.

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

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