Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Sakuma Exports Ltd

The stock of Sakuma Exports saw a significant increase in price and volume, indicating heightened investor interest. This surge has pushed the stock towards its recent levels after overall market drawdown bouncing from a support level at (Rs 21.05). The Relative Strength Index (RSI) currently stands at 56.31, suggesting the stock might move up from current levels. However, with a 14.83% increase from the previous close, the stock might encounter resistance near its 52-week high, yet it remains above its prior low of Rs 21.05.

International Conveyors Ltd

International Conveyors experienced a notable price and volume jump, signifying increased trading activity. The stock seems to have found support around (Rs 68 and Rs 72), bouncing from this level. With the RSI at 42, the stock appears to be fairly balanced. Despite a 6.01% increase from the previous close, it’s approaching again its 52-week high, while the price may form few higher low during this forming uptrend. Stock price has gained for 3 days consecutively.

Network18 Media & Investments Ltd

Network18 Media & Investments faced support at the Rs 81.75, yet it displayed a strong reversal by locking in the upper circuit of 5%, suggesting potential bullish momentum. The stock witnessed a price volume breakout accompanied by a volume increase, indicating strong buying interest. The RSI is at 40.39, reflecting a neutral sentiment. The stock price has dropped significantly in last one month and formed 2nd lower low. If stock price fails to cross the prior lower high of Rs 120 it may again tank to the current levels again. Investors and traders must be cautious while trading in this particular stock.

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.