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

Indian equity benchmarks ended lower for the third consecutive session on Friday, December 26, as year-end trading volumes remained thin and investors stayed cautious ahead of the Q3 earnings season. With no immediate triggers, the market showed signs of short-term fatigue after recent record highs.

At the close, the Nifty 50 slipped 99.8 points, or 0.38 per cent, to settle at 26,042.30, while the Sensex declined 367.25 points, or 0.43 per cent, to 85,041.45. Both indices had touched record highs in November after a 14-month rally, but have remained subdued in December, losing around 1 per cent each. On a weekly basis, the Nifty 50 ended 0.31 per cent lower.

Top 3 price-volume breakout stocks:

IRFC (Indian Railway Finance Corp Ltd): IRFC saw a strong move in the session with price and volume breakout. The stock is currently trading at Rs 133.6, compared with the previous close of Rs 121.49, registering a gain of 9.97 per cent. The traded volume stood at about 16.40 crore shares, indicating a clear volume spike alongside the price move. The stock touched an Intraday high of Rs 134.59 and remains below its 52-week high of Rs 158. Returns from the 52-week low stand at 23.66 per cent, showing steady recovery with active participation.

RVNL (Rail Vikas Nigam Ltd): RVNL recorded a sharp up-move supported by high volumes and a price volume breakout. The stock is currently trading at Rs 387.25, up from the previous close of Rs 345.7, marking a rise of 12.02 per cent. Trading volume was around 10.30 crore shares, reflecting strong market activity. The stock moved close to its intraday high of Rs 392.8, while the 52-week high remains at Rs 501.8. Returns from the 52-week low are at 28.57 per cent, highlighting continued upward momentum with volume support.

HINDCOPPER (Hindustan Copper Ltd): Hindustan Copper Ltd witnessed a strong price move with heavy volumes and a clear price volume breakout. The stock is currently trading at Rs 476.25, against a previous close of Rs 436.55, translating into a gain of 9.09 per cent. The traded volume was approximately 9.64 crore shares, pointing to a notable volume spike. The stock touched its 52-week high of Rs 480.85 during the session. Returns from the 52-week low stand at 159.08 per cent, which qualifies as multibagger returns, indicating a large move over the past year supported by sustained volume activity.

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

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