Top 3 breakout stocks trading below Rs 100

These three equities’ volume gained significantly during Tuesday’s trading sessions, indicating strong bullish action.

Here’s an in-depth look.

Sigachi Industries 

Today, Sigachi Industries Ltd saw a notable Price Volume Jump, accompanied by a Volume Spike. The stock is currently trading near a significant support level, suggesting potential upward momentum. Furthermore, a Bullish Engulfing Candlestick Pattern has formed, indicating a possible reversal of the previous downtrend. Additionally, the stock is bouncing back from its 200-day Exponential Moving Average (EMA), a positive sign for investors. The Relative Strength Index (RSI) stands at 36.52, indicating the stock is neither oversold nor overbought, leaving room for further price appreciation.

Sigachi Industries Ltd’s High today reached Rs 64.9 and its Low was Rs 54, with the Close at Rs 61.95, marking a 3.51% increase from the previous close. The stock’s 52-week range spans from Rs 21.98 to Rs 95.9, with a market capitalization of Rs 1975.08 crore.

Indowind Energy Ltd

Indowind Energy Limited exhibited signs of strength today, bouncing back from a crucial support level and its 200-day EMA. However, the stock mostly locks in circuit, indicating limited trading opportunities. The RSI at 44.70 suggests the stock is in a neutral zone. Investors may want to exercise caution before initiating new positions. Suggested not to enter in such stocks for short trade.

Today, Indowind Energy Limited reached a High and Low of Rs 23.2 and Rs 22.6, respectively, with the Close at Rs 23.1, reflecting a 4.52% increase from the previous close. Its 52-week range spans from Rs 8.65 to Rs 33.2, with a market capitalization of Rs 247.94 crore.

HT Media Ltd

HT Media Ltd is currently trading near a support level formed by its 50-day EMA and is also taking support from a trendline, indicating a potential rebound. Moreover, the stock’s Average Volume is rising, suggesting increasing investor interest.

Today, HT Media Ltd reached a High of Rs 28.4 and a Low of Rs 26.05, with the Close at Rs 27.4, marking a 1.67% increase from the previous close. Its 52-week range extends from Rs 14.8 to Rs 36.9, with a market capitalization of Rs 633.62 crore.

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.