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

Top 3 price-volume breakout stocks

On June 10, Indian benchmark indices wrapped up the trading session on a mixed note. The Nifty 50 closed marginally higher by just 1.05 points at 25,104.25, while the Sensex ended slightly in the red, down 53.49 points at 82,391.72, breaking its four-day winning streak.

Despite a positive start, markets failed to sustain early gains and moved within a narrow band of 144 points throughout the session. The highlight of the day was the strong performance by IT stocks, which helped the Nifty IT index climb 1.67 per cent.

Top 3 price-volume breakout stocks:

Reliance Power Ltd: Reliance Power Ltd witnessed a strong move on the trading day, hitting a high of Rs 72.23 and closing slightly lower at Rs 71.89. The stock recorded a gain of 11.25 per cent over the previous close of Rs 64.62. It is currently trading at Rs 71.89, just below its 52-week high of Rs 72.23. The stock has delivered multibagger returns of 184.71 per cent from its 52-week low. A total of approximately 49.62 crore shares were traded, indicating a notable surge in volume. The price and volume breakout suggests a continuation of market interest in the stock. With a market capitalisation of Rs 29,333.12 crore, the stock has emerged among the most actively traded counters for the session.

Rattanindia Enterprises Ltd: Rattanindia Enterprises Ltd recorded a sharp upward move during the session, touching a high and closing at Rs 59.88. The stock gained 20.00 per cent from its previous close of Rs 49.90. It is currently trading at Rs 59.88, while the 52-week high stands at Rs 92.10. The stock has delivered returns of 60.02 per cent from its 52-week low. Trading volume stood at approximately 6.75 crore shares, reflecting increased market activity. The rise in price along with the surge in volumes points to a price volume breakout. The company's market capitalisation is currently at Rs 8,155.72 crore.

Ujjivan Small Finance Bank Ltd: Ujjivan Small Finance Bank Ltd reached a high of Rs 51.87 and is currently trading at Rs 51.56, which represents a 6.16 per cent increase from the previous close of Rs 48.57. The stock is trading close to its 52-week high of Rs 51.87 and has given returns of 66.97 per cent from its 52-week low. On the day, the trading volume was approximately 5.85 crore shares, indicating active participation. The movement was accompanied by a volume spike, supporting the observed price action. With a market capitalisation of Rs 9,933.03 crore, the stock saw a notable breakout supported by both price and volume.

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

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