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.

TransIndia Real Estate Ltd

Shares of TransIndia Real Estate experienced a notable volume price breakout, coupled with an asymmetrical triangle breakout. Currently priced at Rs 54.05, the stock has witnessed a substantial surge in trading activity today. The breakthrough is particularly significant, supported by a robust relative strength index (RSI) trading at 70, signalling the initiation of a new bullish trend. Given that the stock is trading at the all-time high, the next level of resistance remains uncertain. Notably, this stock has yielded a remarkable 50% return for investors since listed.

TransIndia Real Estate Ltd is engaged in the development of industrial and logistics parks, and commercial space.

Lasa Supergenerics Ltd

Lasa Supergenerics has recently experienced a notable volume price breakout alongside a breakout from the ascending triangle chart pattern. Currently, priced at Rs 35.75, the stock has witnessed heightened trading activity in recent days. This breakthrough is underscored by a robust relative strength index (RSI) trading at an overbought level of 70, indicating the potential initiation of a positive trend. Over the last 6 months, the stock has delivered a noteworthy return of 56.69%, further highlighting its positive trajectory.

Lasa Supergenerics Ltd manufactures veterinary preparations.

Trident Ltd

Trident’s stock exhibited a notable price volume breakout accompanied by a substantial bullish candlestick pattern on Friday, along with a bounce back from a 200-day EMA. The current relative strength index (RSI) stands at 76, indicative of an ongoing uptrend in recent trading sessions. This signals positive momentum and suggests an upward trajectory for the stock.

The surge in volume and the specific candlestick formation point to heightened trader interest. The stock price has given a symmetric triangle breakout. Consequently, the stock has experienced a 6% increase in price in a day.

Trident Ltd is engaged in the manufacture, marketing, and distribution of yarn, terry towels, paper, and chemicals.

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.