Top 3 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.

Kohinoor Foods Ltd 

The stock of Asian Kohinoor Foods Ltd saw a significant increase in price and volume, indicating heightened investor interest. This surge has pushed the stock towards its recent high, bouncing from a support level at (Rs 35). The Relative Strength Index (RSI) currently stands at 69.39, suggesting the stock has risen sharply. However, with a 5.26% increase from the previous close, the stock might encounter resistance near its 52-week high of (Rs 61.45), the stock price has seen selling pressure today, indicating possibility of sell-off in next session can’t be denied.

Sat Industries Ltd

Sat industries Ltd experienced a notable price and volume jump, signifying increased trading activity. The stock seems to have found support around (Rs 84.40), bouncing from this level. With the RSI at 3137, the stock appears to be oversold. Despite a 0.79% increase from the previous close, it might approach its 52-week high of (Rs 145.40), while the chart is showing that it is trading in a long range of Rs 85 to Rs 140.

Tracxn Technologies Ltd

Tracxn Technologies Ltd took support at previous breakout level, yet it displayed a piercing line candlestick pattern, suggesting potential bullish momentum. The stock witnessed a price volume activity accompanied by a volume more than average, indicating strong buying interest. The RSI is at 36.49 reflecting a neutral sentiment. The stock respected its support level and the chance are high that it may bounce from the current level. Waiting to appear a volume spike may be the good choice for the trader to ride the next coming bull run 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.