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

On Thursday, February 25, India’s key equity benchmarks ended on a flat note, recovering from Intraday losses amid mixed sectoral cues. The Nifty 50 and the Sensex trimmed early gains but managed to stabilise by the close, with pharma stocks emerging as the top performers.

After a gap-up opening, the Nifty 50 reversed direction in midday trade and touched an intraday low of 25,400. However, the index recovered from the day’s low and ended in positive territory. At the closing bell, the Nifty 50 rose 14.05 points, or 0.06 per cent, to settle at 25,496.55. The Sensex declined 27.46 points, or 0.03 per cent, to close at 82,248.61. The Bank Nifty ended higher at 61,187. Reliance Industries supported the benchmark and helped it retain gains, while HDFC Bank dragged the index lower.

Top 3 price-volume breakout stocks:

Renaissance Global Ltd saw a sharp move in today’s session with the stock hitting a high of Rs 147.9 and currently trading at Rs 146.1, compared to its previous close of Rs 128.25. The stock gained 13.92 per cent during the day. Traded volume stood at around 8.36 crore shares, indicating strong participation. The stock is near its 52 Weeks High of Rs 147.9. It has delivered Returns of 43.87 per cent from its 52-week low. The price action along with high Volume suggests a price volume breakout and a volume spike during the session.

Tejas Networks Ltd touched an intraday high of Rs 381.35 and is currently trading at Rs 381.35, up from its previous close of Rs 317.8, registering a gain of 20.00 per cent. The traded Volume was around 7.39 crore shares, reflecting significant activity. The stock remains below its 52 Weeks High of Rs 914.4. It has posted Returns of 29.71 per cent from its 52-week low. The combination of price rise and higher Volume points to a price volume breakout with a noticeable volume spike.

Jammu and Kashmir Bank Ltd recorded a high of Rs 122.25 and is currently trading at Rs 121.1, compared to its previous close of Rs 112.31, marking a rise of 7.83 per cent. The traded Volume was about 3.39 crore shares. The stock is close to its 52 Weeks High of Rs 122.25. It has generated Returns of 38.72 per cent from its 52-week low. The movement in price supported by increased Volume indicates a price volume breakout and a volume spike in the session.

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

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