Top 4 breakout stocks trading below Rs. 100

These four equities gained significantly during Tuesday’s trading sessions, indicating strong bullish action.

Here’s an in-depth look.

3i Infotech Ltd

Shares of 3i Infotech have given a volume price breakout in addition to a 14-month high breakout. The stock is currently trading at Rs 56.65, and trading activity has increased over the last 3 days. The stock price has broken through a significant milestone, supported by a super strong relative strength index trading at 78, which triggered the new positive trend. The next level of resistance is at Rs. 73, which is a potential target for the current breakout. This stock made 67.70% of returns for its investors over 6 months.

3i Infotech Ltd is a holding company, which engages in the provision of information technology solutions.

HT Media Ltd

HT Media’s stock has given a volume price breakout in addition to a 52-week high breakout. The stock is currently trading at Rs 28.55, and activity has increased today. It has broken through a significant milestone, supported by a super strong relative strength index trading at 67, which could herald the start of a new positive trend. The next level of resistance is at Rs 36, which suggests that it might be a potential target for the current breakout. This stock has given a 30.34% return in one year.

HT Media Ltd is involved in the printing and publishing of newspapers and periodicals.

Sigachi Industries Ltd.

Shares of Sigachi Industries saw a price volume breakout and a large bullish candle on Tuesday. The relative strength index on this chart is currently at 73, following a downtrend in previous trading sessions. This is a positive indication that the stock is on the rise. Based on the volume surge and candle 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, breaking an upper trendline. The stock price has increased by 15% as a result of this breakout.

Sigachi Industries Ltd engages in the manufacture and sale of microcrystalline cellulose.

Magnum Ventures Ltd

Magnum Ventures’ stock has given a volume price breakout in addition to a symmetric triangle breakout. The stock is currently trading at Rs 54.35, and activity has increased today. It has broken through the upper trendline, supported by a strong relative strength index trading at 67, which could herald the start of a new positive trend. The stock may surge to hit its all-time high above the level of Rs 56. This stock has given a 138.65% of multibagger returns in one year.

Magnum Ventures Ltd manufactures writing and printing paper and duplex board.

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.