Top 3 breakout stocks trading below Rs 100

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

Here’s an in-depth look.

IL&FS Investment Managers Ltd

IL&FS Investment Managers’ stock has given a volume price breakout on the weekly chart by taking 50-day EMA support 6 weeks ago. The stock is currently trading at Rs 13.25 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 81. Recently, the stock price has had a multi-year high breakout with a symmetrical chart pattern breakout. This stock has generated 65.63% of maximum returns for its investors over the 6-month time period.

IL&FS Investment Managers Ltd. engages in the provision of asset management and other related services.

Tera Software Ltd

Tera Software’s stock price has given a price volume breakout by breaking its 2-year high on Friday. The relative strength index of this chart is trading at the 81 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. Stock has seen a surge in volume that was significant today. A few sessions ago, the stock price showed a breakout of the symmetrical chart pattern, suggesting support for the emerging uptrend. Tera Software’s stock has surged 14% in a day and generated returns of 58.26% in a year.

Tera Software Ltd. engages in the provision of information technology and e-governance solutions.

Archies Ltd

Archies’ stock has given a price-volume breakout along with a multi-year high breakout, trading at its day-high price without selling pressure. The stock price has bounced from lower trendline of symmetric triangle before. The stock has witnessed a surge in volume, more than the average volume. The stock price is showing a strong upmove with normal buying, and the Relative Strength Index is rising and trading at the level of 79, which has entered a strong bullish zone to trade. The stock has given 27.73% returns in a month.

Archies Ltd. engages in publishing and marketing of greeting cards and stationery products.

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.