Top 4 breakout stocks trading below Rs 100

These 4 stocks have shown substantial gains in Monday’s trading sessions, indicating strong bullish activity.

Here’s an in-depth look.

DRC Systems India

DRC Systems India has given a volume price breakout on a daily timeframe. The stock is currently trading at Rs 55.80 and has seen a spurt in volume of 4.68 times. The stock price has witnessed a 52-week breakout and also given a range breakout in which the price was consolidating before. This stock has generated 292.96% of maximum returns for its investors over its lifetime till now.

DRC Systems India Ltd is engaged in software development, information technology consulting services and recruitment-related services.

Jain Irrigation Systems

Jain Irrigation Systems’ stock price has given a 52-week breakout with a positive sign of bullish activity. This breakout is further confirmed by a volume spike that was 2.23 times greater than the daily average volume. This is a promising sign that the stock is in high momentum and traders are showing interest in this particular stock. Before the last five trading sessions, the stock price formed a bullish engulfing candlestick pattern, which is a sign of a bullish trend, and the same happened after it. The stock is still in an uptrend. Jain Irrigation Systems has generated more than 113.13% returns in a one-year time period, and the stock has been closing in green for the last four consecutive trading sessions.

Jain Irrigation Systems Limited is engaged in providing solutions in agriculture, piping and infrastructure through the manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs.

AAA Technologies Ltd

AAA Technologies Ltd. stock has broken 52 weeks high over the daily timeframe and also witnessed a peanut breakout 3 days before. The stock has been witnessing huge volume spikes since the last three trading sessions. The stock price is showing a strong upmove with heavy buying. On Monday, the price touched its 52-week high by surging more than 5%. The stock has given 177.31% returns over its life period.

AAA Technologies Ltd provides Information security auditing and Consulting.

MITCON Consultancy & Engineering Svs Ltd

The MITCON Consultancy & Engineering stock price has been surging upwards since the last four trading sessions with high volumes. On Monday, the price broke its multi-year high with thrust full action and support of volume. The stock was in range before catching the momentum and also witnessed a 52-week high breakout on Thursday. The stock has generated 62.41% returns in a one-year period.

MITCON Consultancy & Engineering Services Ltd is in the business of consultancy and training services

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.