Top 3 breakout stocks trading below Rs 100

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

Here’s an in-depth look. 

Gokul Refoils & Solvent Ltd

Gokul Refoils & Solvent’s stock has given a volume price breakout in addition to a 12-year high breakout. The stock is currently trading at Rs 61.05, and trading activity has increased over the last 3 days. The stock price has broken through a significant milestone, supported by a super strong relative strength index trading at 80, which could trigger the start of a new positive trend. The next level of resistance is at Rs. 86, which is a potential target for the current breakout. This stock made 56.56% of returns for its investors over a year. 

Gokul Refoils & Solvent Ltd. engages in the provision of agro based commodities. 

National Fertilizers Ltd   

National Fertilisers’ stock has given a volume price breakout in addition to a 52-week high breakout. The stock is currently trading at Rs 99.80, and activity has increased today. The stock price has broken through a significant milestone, supported by a super strong relative strength index trading at 80, which could herald the start of a new positive trend. The next level of resistance is at Rs 120, which suggests that it might be a potential target for the current breakout. This stock has given a 31.47% return in a one-year time period. 

National Fertilizers Ltd. engages in the manufacture and sale of fertilizer products.  

SecureKloud Technologies’ stock price saw a price volume breakout and a large bullish candle on Monday. The relative strength index on this chart is currently at 79, following a dip in the previous trading sessions. This is a positive indication that the stock is on the rise. Based on the volume surge and candle pattern, traders are showing interest in this stock. The stock price has been stabilising in recent days, and this price volume breakout has burst past the upper barrier, completing an ascending triangle chart pattern. The stock price has increased by 7% as a result of this breakout. 

SecureKloud Technologies Ltd. engages in the provision of information technology services. 

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.