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. 

SBC Exports Ltd

SBC Exports has recently demonstrated a notable volume-price breakout, accompanied by the 52-week high breakout. Currently valued at Rs 37, the stock has experienced a significant surge in trading activity. The breakout is particularly noteworthy, supported by a robust relative strength index (RSI) trading at 75.68 on a daily basis, indicating the continuation of a new bullish trend. Trading at its all-time high, the next level of resistance for the stock remains uncertain. It is noteworthy that this stock has delivered multibagger returns of 134.92% to investors in the last one year. 

SBC Exports Ltd is engaged in the manufacture and trading of handmade carpets, cushion covers, cotton quilts and bedspreads. 

BGR Energy Systems Ltd 

BGR Energy Systems has recently witnessed a substantial price bounce back, coinciding with the pullback from strong support and 50-day EMA. Presently valued at Rs 97, the stock has experienced heightened trading activity today. The price action is supported by a neutral relative strength index (RSI) trading at an overbought level of 55.47, indicating the potential initiation of a positive trend. With a noteworthy return of 62.62% in the last year, the stock is exhibiting a positive trajectory.  

BGR Energy Systems Ltd is a holding company, which engages in the manufacture of capital equipment for power plants, petrochemical industries, refineries, and process industries.  

Orient Paper & Industries Ltd

Orient Paper & Industries’ stock has demonstrated a notable price-volume breakout, marked by a substantial bullish candlestick pattern today, along with a prior high’s resistance breakout on the daily timeframe. The current daily relative strength index (RSI) stands at 71.36, signalling a reversal in the ongoing downtrend. The surge in volume, coupled with the specific candlestick formation, indicates heightened trader interest. With an upper resistance breakout, the stock has experienced a 6% increase in price over the day. 

Orient Paper & Industries Ltd. engages in the manufacture and sale of paper and other 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.