Breakout stocks of the day: JSW Infrastructure and AVT Natural Products

JSW Infrastructure and AVT Natural Products are identified as potential bullish stocks based on technical analysis. Both stocks have displayed promising technical patterns, including price volume support and a potential to breakout. Currently trading at Rs 238.55 and Rs 1790.35, respectively, their price structures align with positive signals from technical indicators like RSI and ADX, suggesting continued upward momentum

JSW Infrastructure Ltd 

Daily chart of JSW Infrastructure Ltd

JSW Infrastructure is currently displaying strong bullish momentum on the daily chart; the stock price trading near all-time high with base structure. If the stock manages to close above 52-week high by support of the good volume, the stock price may start the strong momentum move for several trading sessions. Today’s volume highlighting active buyer participation with Average daily volume today.

Tuesday’s trading session began at Rs 234 and reached a peak of Rs 244. After opening the stock has successfully surged towards the day high on the chart, indicating a potential continuation sign of the long-term uptrend.

The current stock price is under strong buying pressure, driven by increased volume during a particular trading session, indicating that investors are interested in up moves. In coming time, the stock price may show the momentum with strong long candles, it may set stock up for a stronger positive trend shift, and the accumulated volume suggests further growth in the near future. The bounce from prior base, emphasising the stock’s effort to establish new highs.

On the RSI chart, the relative strength index is trading in the bullish zone with gaining strength, and ADX trading at 17 indicates low directional strength, favouring normal movements in either side. In the event of a retracement, it is essential to monitor key support level particularly at 50-day EMA. The minor upper resistance is at 52-week high, and if the stock closes above 52-week high again in next session, then the stock may consistently trade above current levels.

JSW Infrastructure Ltd engages in the provision of development, operation, and maintenance of construction and port services.

AVT Natural Products Ltd 

Weekly chart of AVT Natural Products Ltd

AVT Natural Product’s current stock performance is characterised by a promising technical setup, trading at Rs 110.35 and has the potential to continue its strong uptrend, accompanied by a significant increase in trading this week. Currently, the stock price strongly up after breakout of rectangle pattern.

Starting at Rs 108 on Monday, the stock reached an intraday high of Rs 113. The current upsurge of 2 days was notable as the volume also picked up

The stock has given the breakout and trading at its 52-week high and above prior high, indicating buying activity, at the same level volume is picking up this week with price movement. After reaching its all-time high the stock may witness a strong uptrend in coming trading sessions, following sustained levels near Rs 120 and 130. The current market action is supported by a surge in volume on up days and dry volume on down day for the stock.

The relative strength index (RSI) recently traded in a bullish range at 69.61 suggesting the potential for a significant upward movement in the stock price is still there, particularly as it continues to trade above this level. The ADX (Daily), currently at 18, indicates normal directional strength. The level at Rs 125 serves as a crucial indicator for corrective movements after, and the overall market structure favours traders if the stock consistently trades above major moving averages.

AVT Natural Products Ltd. is a holding company, which engages in the manufacture and trade of solvent extracted products.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.