Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Infibeam Avenues Ltd

Infibeam Avenues Ltd stock price experienced a significant jump in both price and volume today. This suggests increased buying pressure and potentially a trend reversal. The stock is currently trading near its support level, but it has bounced off that level and formed a bullish engulfing candlestick pattern, which is a bullish signal. Additionally, the RSI indicator is at 55.18, indicating neither overbought nor oversold territory. Overall, the technical picture for stock is turning positive in the short-term.

South Indian Bank Ltd

stock price increased today, closing at Rs 27.35, up 4.19% from its previous close of Rs 26.25. Similar to Infibeam, South Indian bank’s stock price jumped alongside a surge in trading volume. This suggests increased buying activity for the stock. The fact that the price bounced off a support level adds a cautiously optimistic tone. However, the RSI remains relatively neutral. While today’s price movement is positive, South Indian bank needs to break above its recent resistance levels for a clearer confirmation of an uptrend.

Yes Bank Ltd

Yes bank’s stock price closed at Rs 23.40 today, up 11.69% from its previous close of Rs 20.95. The price action today was notable for a few reasons. First, the stock bounced off its 200-day EMA, which is often seen as a significant support level. Second, the stock formed a bullish engulfing candlestick pattern, adding to the bullish sentiment. Finally, the trading volume has been increasing on average, suggesting growing interest in the stock. The RSI remains in neutral territory, but the overall technical picture for Yes bank is turning positive in the short-term.

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.