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

Indian benchmark indices ended higher on Tuesday, June 9, with Banking stocks leading the rally after the Reserve Bank of India (RBI) unveiled measures aimed at improving foreign currency liquidity and reducing funding costs. Sentiment was further supported by easing geopolitical tensions after Iran and Israel announced a halt to hostilities following an appeal from U.S. President Donald Trump, although Tehran warned it could resume attacks if Israel continued strikes against Hezbollah in Lebanon.

The Nifty 50 opened 136 points higher but failed to sustain its early gains as selling pressure dragged the index to an Intraday low of 23,104.45. Buying interest emerged in the second half of the session, resulting in a sharp V-shaped recovery. The benchmark climbed to an intraday high of 23,279.40 before settling at 23,242.10, up 119.10 points or 0.52 per cent.

The Sensex also finished higher, gaining 394.50 points or 0.54 per cent to close at 73,918.76. The Bank Nifty outperformed the broader market, ending more than 2 per cent higher, while India VIX, the market's fear gauge, declined 8.5 per cent, indicating improved investor confidence.

Top 3 price-volume breakout stocks:

Ola Electric Mobility Ltd: The stock is currently trading at Rs 47, up 5.78 per cent from its previous close of Rs 44.43. It touched an intraday high of Rs 49.05 with trading volume of 49.48 crore shares. The stock witnessed a price-volume breakout along with a volume spike. It has delivered 111.24 per cent returns from its 52-week low, reflecting multibagger returns, while its 52-week high stands at Rs 71.25. The company's market capitalisation is Rs 19,806.23 crore.

Pine Labs Ltd: The stock is currently trading at Rs 152.38, gaining 6.75 per cent compared to its previous close of Rs 142.75. It hit a high of Rs 154.64 during the session, supported by trading volume of 7.20 crore shares. The stock recorded a price-volume breakout along with a volume spike. It has generated 13.10 per cent returns from its 52-week low, while its 52-week high is Rs 284. The company's market capitalisation stands at Rs 17,502.47 crore.

Morepen Laboratories Ltd: The stock is currently trading at Rs 48.76, up 13.74 per cent from its previous close of Rs 42.87. It touched an intraday high of Rs 49.50 with trading volume of 5.01 crore shares. The stock witnessed a price-volume breakout and a volume spike during the session. It has delivered 47.53 per cent returns from its 52-week low, while its 52-week high is Rs 70.50. The company's market capitalisation is Rs 2,663.42 crore.

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

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