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Top 10 Stocks Showing Strong Positive Breakouts as of 13th March 2025
The Indian stock market displayed a mixed performance on Tuesday, with the Sensex and Nifty closing on contrasting notes amid global economic uncertainties. The Sensex dipped by 12 points or 0.02%, settling at 74,102, while the Nifty rose by 37 points or 0.17%, ending at 22,497. This session mirrored a broader sell-off in Asian markets, driven by recession fears in the U.S. following a downturn on Wall Street. Selling pressure was evident across sectors, with the Nifty Bank index declining 362 points to 47,853, primarily due to IndusInd Bank’s accounting discrepancies in forex derivatives dragging it down.
Despite the cautious market mood, several stocks stood out with strong price-volume breakouts, catching the eye of traders and investors. A price-volume breakout occurs when a stock sees a significant price surge alongside a spike in trading volume, indicating robust buying interest. In this article, we’ll explore the top three price-volume breakout stocks, along with a broader list of notable performers poised to stay in focus tomorrow.
Market Overview: A Mixed Bag with Sectoral Shifts
Tuesday’s trading session saw broader indices reflecting varied outcomes. The Nifty Mid-Cap index climbed 0.67%, supported by gains in select stocks, even as losses in IT and IndusInd Bank tempered optimism. Meanwhile, the Nifty Small-Cap index fell by 0.8%, signaling a more bearish tone among smaller firms. Sectorally, Nifty Realty, Nifty Oil & Gas, and Nifty Infra emerged as top gainers, while Nifty IT, Nifty Private Banks, and Nifty Bank lagged as top losers. This uneven performance highlights the value of spotting breakout stocks that can shine amid uncertainty.
For investors seeking actionable insights, technical advisory services offering swing trading stock recommendations based on thorough research and analysis can provide a resource to boost profitability.
Top 3 Price-Volume Breakout Stocks
1. Indegene Ltd
Indegene Ltd delivered a strong showing, hitting a high of Rs 598.7 before closing at Rs 572.8. The stock recorded a traded volume of 67.40 lakh shares, reflecting a notable surge in activity. Priced at Rs 572.8, it soared by 13.28% from its previous close of Rs 505.65. From its 52-week low, Indegene has risen 21.85%, though it remains below its 52-week high of Rs 736.3.
With a market capitalization of Rs 13705.49 crore, Indegene’s price-volume breakout and volume spike make it a stock to watch. Its robust positive breakout suggests it could attract attention in the next trading session.
2. Chennai Petroleum Corporation Ltd
Chennai Petroleum Corporation Ltd (CPCL) showcased significant momentum, reaching a high of Rs 564 and closing at Rs 551. The stock saw a traded volume of 2.29 crore shares, underscoring heightened trading interest. Priced at Rs 551, CPCL posted a 7.40% gain from its previous close of Rs 513.05. It has delivered returns of 27.22% from its 52-week low, though it’s still far from its 52-week high of Rs 1275.
Boasting a market capitalization of Rs 8207.06 crore, CPCL’s recent price-volume breakout and volume spike indicate strong buying activity, positioning it as a potential focal point tomorrow.
3. One 97 Communications Ltd
One 97 Communications Ltd, the entity behind Paytm, rallied impressively, peaking at Rs 718.95 and closing at Rs 713.05. The stock recorded a traded volume of 1.39 crore shares, signaling solid investor interest. Priced at Rs 713.05, it marked a 7.19% increase from its previous close of Rs 665.25. With multibagger returns of 130.02% from its 52-week low, this stock has staged a remarkable comeback.
Its 52-week high stands at Rs 1062.95, and with a market capitalization of Rs 45478.51 crore, One 97 Communications Ltd’s price-volume breakout and volume spike suggest it could remain in the spotlight.
Additional Stocks with Strong Positive Breakouts
Beyond the top three, several other stocks exhibited notable price-volume breakouts, broadening the scope of opportunities for investors. Here’s a randomized list of standout performers:
- Tube Investments of India Ltd: Closed at Rs 2882.05 with a volume of 23.98 lakh shares.
- Macrotech Developers Ltd: Ended at Rs 1132.35 with 26.83 lakh shares traded.
- Arkade Developers Ltd: Settled at Rs 160.34 with 23.27 lakh shares traded.
- Tata Communications Limited: Priced at Rs 1492.35 with a traded volume of 43.16 lakh shares.
- Kolte-Patil Developers Limited: Closed at Rs 317.4 with 24.59 lakh shares traded.
- Graphite India Limited: Ended at Rs 426.8 with a volume of 25.23 lakh shares.
- Anant Raj Limited: Closed at Rs 512.8 with 33.97 lakh shares traded.
These stocks, with their sharp price movements and elevated volumes, reflect strong investor engagement and may see continued action in the next session.
Why Price-Volume Breakouts Matter
Price-volume breakouts are a critical technical signal for traders, often marking the onset of a sustained trend. When a stock breaks out of a consolidation phase with a notable price increase and a volume surge, it indicates aggressive buying, potentially pushing the stock higher. For swing traders and short-term investors, these breakouts offer chances to capture momentum for quick profits.
That said, caution is warranted. Global economic concerns, particularly U.S. recession fears, are keeping market sentiment on edge. Sectoral performance is also mixed, with realty and oil & gas gaining traction while IT and banking struggle. Investors must conduct thorough research and manage risks carefully before diving in.
Conclusion: Stocks to Watch Tomorrow
The stocks highlighted here—Indegene Ltd, Chennai Petroleum Corporation Ltd, and One 97 Communications Ltd, along with the additional breakout candidates—stood out due to their strong price-volume action on Tuesday. With the Sensex and Nifty closing mixed and global markets facing uncertainty, these breakout stocks provide a ray of opportunity for traders.
For swing trading enthusiasts, technical advisory services offering research and analysis to identify top stocks can provide valuable guidance for healthy returns, making them a resource worth exploring.
As always, investors should proceed with diligence, given the potential for rapid market shifts. The stocks listed here are likely to draw focus tomorrow, but their performance will hinge on broader market trends and sector developments. Stay informed, and happy trading!
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own research before investing.
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Register and Unlock NowDisclaimer: The stock price targets and analysis presented are based on publicly available information from top brokerage firms and may change over time. Always consult with your financial advisor before making any investment decisions. The opinions expressed in this article are for informational purposes only and do not constitute financial advice.
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