Top 3 breakout stocks trading below Rs 100

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

Here’s an in-depth look.

GMR Airports Infrastructure Ltd

GMR Airports Infrastructure’s stock has given a volume price breakout in addition to a 52-week high breakout. The stock is currently trading at Rs 80.55, and trading activity has increased today. The stock price has broken through a significant milestone, supported by a super strong relative strength index trading at 72, which could herald the start of a new positive trend. The next level of resistance is at Rs 81.40, above which an all-time high is a potential target for the current breakout. This stock made 104% of the maximum earnings for its investors over a year.

GMR Airports Infrastructure Ltd. engages in the infrastructure development.

Power & Instrumentation (Gujarat) Ltd

Power & Instrumentation’s stock price saw a price volume breakout and a bullish candle on Friday. The relative strength index on this chart is currently at 77, following a dip below the level of 65. This is a positive indication that the stock is on the rise. Based on the volume build-up and candlestick 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 a rounding bottom chart pattern. The stock price has increased by 4.91% as a result of this breakout.

Power & Instrumentation (Gujarat) Ltd. engages in the provision of EPC solutions for electrical requirement and manufactured electronic boards, electrical panels and control panels.

Easy Trip Planners

Easy Trip Planners’ stock has seen a price-volume breakout. The stock price is bouncing from its support near a 52-week low. The stock price is displaying a strong up move by crossing above the 20-day EMA, and the Relative Strength Index is rising and displaying similar patterns, indicating that the stock price may enter the positive zone after breaking out of the new higher highs to trade above the 52-week high. This is a fundamentally strong stock trading below Rs 100 with a ROE of 46%.

Easy Trip Planners Ltd. is an online travel company.

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.