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

Indian equity benchmarks ended sharply lower on Monday, May 11, amid rising geopolitical tensions, surging crude oil prices, weakness in the Indian rupee, and concerns over foreign exchange reserves after Prime Minister Narendra Modi urged citizens to conserve fuel, reduce imports, and limit gold purchases.

The benchmark indices witnessed broad-based selling pressure throughout the session. The Sensex declined 1,312.91 points, or 1.70 per cent, to close at 76,015.28, while the Nifty 50 dropped 360.30 points, or 1.49 per cent, to settle at 23,815.85.

The Nifty 50 opened nearly 200 points lower and extended losses during the day to hit an Intraday low of 23,799.10 before closing slightly above the 23,800 mark. The Bank Nifty also ended under pressure, falling over 1.57 per cent to settle just above the 54,400 level. Meanwhile, volatility spiked sharply, with the India VIX index surging around 10 per cent to move above 18.5.

Top 3 price-volume breakout stocks:

HFCL Ltd touched its 52-week high of Rs 151.8 after witnessing traded volume of 11.27 crore shares. The stock was currently trading at Rs 149.41 against its previous close of Rs 141.15, up 5.85 per cent. The company has delivered multibagger returns of 149.77 per cent from its 52-week low. The move was supported by price volume breakout and volume spike during the session.

Rain Industries Ltd recorded traded volume of 8.76 crore shares and was currently trading at Rs 163.95 compared to its previous close of Rs 143.82, gaining 14.00 per cent. The stock touched an intraday high of Rs 169 and remained close to its 52-week high of Rs 176. The company has given returns of 64.11 per cent from its 52-week low. The session reflected price volume breakout and volume spike in the counter.

Lloyds Engineering Works Ltd saw traded volume of 2.64 crore shares and was currently trading at Rs 66.23 against its previous close of Rs 62.87, rising 5.34 per cent. The stock touched an intraday high of Rs 67.5 during the day. The company has delivered returns of 77.09 per cent from its 52-week low. The stock witnessed price volume breakout along with volume spike activity.

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

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