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

Indian benchmark equity indices extended their losses for the third consecutive session on Wednesday as investors remained cautious amid escalating tensions in the Middle East due to the ongoing U.S.-Iran situation. Weak global cues and geopolitical uncertainty kept sentiment under pressure, dragging the frontline indices to multi-month lows.

The Nifty 50 ended 1.6 per cent, or 385.2 points, lower at 24,480.5, marking a decline to over a six-month low. The Sensex settled 1.40 per cent, or 1,122.66 points, down at 79,116.19, hitting a 10-month low.

Top 3 price-volume breakout stocks:

Sagility Ltd witnessed a price–volume breakout in Tuesday’s session. The stock touched a high of Rs 42.82 and is currently trading at Rs 41.12, compared to its previous close of Rs 38.84, registering a gain of 5.87 per cent. The trading volume stood at around 19.54 crore shares, indicating strong participation during the move. The company has delivered 9.65 per cent returns from its 52-week low, while its 52-week high stands at Rs 57.89. The rise in price along with a volume spike suggests increased market activity at current levels.

Jindal Drilling and Industries Ltd also recorded a price–volume breakout during the session. The stock hit a high of Rs 609 and is currently trading at Rs 597 against its previous close of Rs 522.15, up 14.33 per cent. It saw trading volume of around 2.78 crore shares, reflecting heightened activity. The stock has given 35.65 per cent returns from its 52-week low, while its 52-week high is Rs 982.45. The combination of higher volume and price movement indicates fresh participation in the counter.

SPML Infra Ltd moved higher with a price–volume breakout. The stock touched a high of Rs 190 and is currently trading at Rs 180 compared to its previous close of Rs 165.77, gaining 8.58 per cent. The trading volume stood at around 2.38 crore shares, pointing to a volume spike during the session. The stock has delivered 32.06 per cent returns from its 52-week low, while the 52-week high is Rs 323.4. The price movement supported by higher volumes reflects active trading interest.

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

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