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Vodafone Idea, YES Bank: 10 stocks showing a volume breakout on the charts

Based on market-wide analysis, here are some stocks that are showing a volume breakout on the charts on Monday

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980
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Stocks active on volume

Avdhut Bagkar Mumbai
Volume plays a crucial role in identifying the interest of market participants in a stock. Higher the volume, more the interest in a particular counter. Volume also reflects stocks where maximum trading activity is happeing in a session. This information assists in identifying momentum stocks and then traders / investors can capitalise on the opportunity.

On the charts, when a breakout or breakdown is confirmed by strong volumes, the trend is considered as more reliable as compared to a movement in stock price where strong volumes are missing. One can also assess the possibility of follow-up buying based on

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First Published: Aug 24 2020 | 1:36 PM IST

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