Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

GMR Airports Infrastructure Ltd 

The stock of GMR Airports Infrastructure saw a significant increase in price and volume, indicating heightened trading activity. The bounce back showed stock price started to rise again with higher volume on up days. The Relative Strength Index (RSI) currently stands at 58.86, suggesting the stock has strength in price. However, with a 1.48% increase from the previous close, the stock might encounter resistance near the current level, the stock price has crossed the 50-day EMA today, indicating bullishness the possibility of a consolidation in the next sessions can’t be ignored.

Coffee Day Enterprises Ltd

Coffee Day Enterprises experienced a notable price and volume jump, signifying increased trading activity. The stock seems to have found support around Rs 49.25, bouncing from this level. With the RSI at 68.41, the stock appears to be bullish, trading at the perfect level to start a new uptrend. Despite a 2.70% increase from the previous close, it might take a quick thrust to approach its 52-week high as it can act as a resistance for the stock price, while the chart indicates that the price is trading above the 50-day EMA shows the stock is still in bullish sentiments.

SEPC Ltd

Lastly, SEPC Ltd took support at a level of Rs 21.05, it displayed a consolidation and a jump, suggesting potential bullish momentum. The stock witnessed price volume activity accompanied by volume more than average, indicating strong buying interest. The RSI is at 61.32 reflecting a neutral sentiment. The stock respected its support, and the chances are high that it may cross the 52-week high. Waiting for a volume spike may be a good choice for traders 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.