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.

GMR Airports Infrastructure Ltd 

GMR Airports Infrastructure’s stock price has experienced a notable volume price breakout, coupled with a bullish engulfing candlestick pattern. Currently priced at Rs 86.90, the stock has witnessed a substantial surge in trading activity today. The breakout is particularly significant, supported by a robust relative strength index (RSI) trading at 76, signalling the continuation of a new bullish trend. Given that the stock is trading at an all-time high, the next level of resistance remains uncertain. Notably, this stock has yielded a remarkable 96.17% return for investors in the last 6 months.

GMR Airports Infrastructure Ltd is engaged in infrastructure development.

Easy Trip Planners Ltd   

Easy Trip Planners has recently experienced a notable volume price breakout alongside a break of 200-day EMA. Currently priced at Rs 42.65, 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 73, indicating the potential initiation of a positive trend. Over the last 1 month, the stock has delivered a noteworthy return of 13%, further highlighting its positive trajectory.

Easy Trip Planners Ltd is an online travel company.

Shyam Century Ferrous Ltd

Shyam Century Ferrous’s stock exhibited a notable price volume breakout accompanied by a substantial bullish candlestick pattern on Monday, along with a consolidation breakout. The current relative strength index (RSI) stands at 86, indicative of an ongoing uptrend in recent trading sessions. This strong signal with 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 resistance breakout. Consequently, the stock has experienced a 20% increase in price in a day.

Shyam Century Ferrous Ltd is into manufacturing ferro alloys and generation of power.

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.