Indian equity markets rose by 0.32 per cent on Friday, the Nifty 50 and BSE Sensex closed at 21,441 and 71,336 respectively. Mid-Caps gained 0.72 per cent, while Small-Caps zoomed 0.48 per cent. The 14 stocks were advancing against every 10 declining stocks on Tuesday.

Top 3 price-volume breakout stocks

The Nifty Pharmaceutical index has surged by an impressive 30 per cent on a year-to-date basis in 2023, significantly outperforming the Nifty 50 index. Against the backdrop of India experiencing a single-day spike of 628 new COVID-19 cases

From a technical standpoint, the stock has broken free from a 12-week-long cup pattern, and the volumes have been steadily on the rise, serving as a resounding testament to the strength in the direction of the prevailing trend. For swing and breakout traders

The breakout, spanning the last 21 trading sessions, was not just a mere blip on the radar; it was accompanied by robust volumes, surpassing four times the three-day average of 7 lakh shares per day. This surge in volume signifies a broader market participation, underscoring the strength of the prevailing trend.

Indian equity markets rose by 0.51 per cent on Thursday, the Nifty 50 and BSE Sensex closed at 21,255 and 70,865 respectively. Mid-Caps gained 1.16 per cent, while Small-Caps zoomed 1.69 per cent. The 47 stocks were advancing against every 20 declining stocks on Thursday.

It is one of the leading players in custom-manufactured chemicals and one of the oldest manufacturers of Chloromethanes in India. The stock is trading higher by nearly 6 per cent. 

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.

With this strong move, the stock witnessed a breakout of a 14-month-long rectangle pattern on the weekly chart. The rectangle pattern, characterized by two horizontal trend lines drawn across a series of price peaks and valleys, forms a rectangle shape on a stock chart.

Price volume breakout is a potential trading opportunity that occurs in trending markets, up or down. In sideways markets, these opportunities are minimized.