Top 3 breakout stocks trading below Rs 100 Today, 13 December 2023

These 3 stocks have shown substantial gains in Wednesday’s trading sessions, indicating strong bullish activity.

Here’s an in-depth look.

HOV Services Ltd

HOV Services’ stock has given a volume price breakout on the weekly chart by taking 50-day EMA support 4 weeks ago. The stock is currently trading at Rs 78 and has seen a spurt in volume in today’s sessions. The stock price has witnessed a 52-week breakout, supported by a strong relative strength index trading at a level of 83. Recently, the stock price bounced from the 50-day EMA with an inverted head and shoulder chart pattern breakout. This stock has generated 62.64% of maximum returns for its investors over the 6-month time period.

HOV Services Ltd is engaged in the provision of computer solutions including software development and support services.

Cambridge Technology Enterprises Ltd

Cambridge Technology Enterprises’ stock price has given a price volume breakout by breaking its 52-week high on Wednesday. The relative strength index of this chart is trading at the 75 level. This is a promising sign that the stock is breaking its prior highs. According to its volume spurt and candle formation, traders are showing interest in this particular stock. The stock has seen a surge in volume by more than 13 times today. A few sessions ago, the stock price bounced from its 50-day EMA, suggesting the sustenance of the uptrend. Cambridge Technology’s stock has surged 18% in a day by locking in the upper circuit.

Cambridge Technology Enterprises Ltd is a global business and technology services company, which innovates enterprise solutions.

Hindustan Construction Co. Ltd

Hindustan Construction’s stock has given a price-volume breakout along with a 52-week breakout. The stock price has bounced from the 50-day EMA and broke out of the prior high. The stock has witnessed a surge in volume, more than the daily average. The stock price is showing a strong up move with normal buying, and the Relative Strength Index is rising and trading at the level of 63, which has entered a strong bullish zone to trade. The stock has given 52.42% returns in a year.

Hindustan Construction Co. Ltd. is a holding company, which engages in the provision of engineering and construction 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.