The Significance of Volume Breakouts
In technical analysis, price action is meaningless without volume. High volume stocks are the ones attracting heavy institutional capital. When a stock breaks out of a consolidation pattern on massively increased trading volume, it is one of the most reliable indicators of a sustained upcoming trend.
Using the Relative Volume Screener
Our screener doesn't just look at absolute volume (which would just show highly liquid stocks like Yes Bank every day). Instead, it calculates Relative Volume—comparing today's volume against the stock's own 20-day average. This highlights anomalies and sudden spurts of interest in mid and small-cap stocks before the broader market catches on.