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

On Monday, March 23, India’s benchmark indices, the Nifty 50 and the Sensex, ended sharply lower, declining by around 2.5 per cent. The sell-off reflected a broader risk-off sentiment across Asian markets, as escalating tensions in the Middle East kept crude oil prices elevated and intensified concerns over global growth and corporate earnings. On the day, a total of Rs 13,64,763.86 crore in market capitalisation was wiped out on the BSE.

The Nifty 50 opened with a gap-down of 290 points and extended its losses throughout the session. In the second half of the trade, the index slipped further to its Intraday low, finding some support near the 22,470 level. At the close, the Nifty 50 declined by 601.85 points, or 2.6 per cent, to settle at 22,512.65. The Sensex plunged by 1,836.57 points, or 2.46 per cent, ending at 72,696.39.

Top 3 price-volume breakout stocks:

Nocil Ltd witnessed a significant move today, with the stock currently trading at Rs 158.62, up from the previous close of Rs 143.96, marking a gain of 10.18 per cent. The stock has a trading volume of around 90.69 lakh shares. Its market capitalisation stands at Rs 2674.63 crore, and the returns from its 52-week low are 26.58 per cent. A price-volume breakout and volume spike were observed in today’s trading.

DCX Systems Ltd is currently trading at Rs 171.25, higher than its previous close of Rs 163.72, resulting in a 4.60 per cent increase. The stock saw a traded volume of approximately 86.91 lakh shares. The market cap is Rs 1957.07 crore, and returns from the 52-week low are 11.49 per cent. The session displayed a price volume breakout and volume spike.

Gujarat Alkalies And Chemicals Ltd moved to Rs 621.3 from Rs 538.25, recording a gain of 15.43 per cent. The stock traded around 62.74 lakh shares. Its market capitalisation is Rs 4523.45 crore, with returns from the 52-week low at 51.85 per cent. A price-volume breakout and volume spike were evident during 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.