Top 3 stocks trading below Rs 100

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

Here’s an in-depth look.

Asian Granito India Ltd

The stock of Asian Granito India Ltd saw a significant increase in price and volume, indicating heightened investor interest. This surge has pushed the stock towards its recent high, bouncing from a support level at (Rs 51). The Relative Strength Index (RSI) currently stands at 36.05, suggesting the stock is slightly oversold. However, with a 7.20% increase from the previous close, the stock might encounter resistance near its 52-week high of (Rs 86.1), yet it remains above its 52-week low of (Rs 34.05).

IDBI Bank Ltd

IDBI Bank Ltd experienced a notable price and volume jump, signifying increased trading activity. The stock seems to have found support around (Rs 76.75), bouncing from this level. With the RSI at 49, the stock appears to be fairly balanced. Despite a 5.34% increase from the previous close, it’s approaching its 52-week high of (Rs 98.7), while still above its low of (Rs 42.9).

Bank of Maharashtra Ltd

Bank of Maharashtra Ltd faces resistance at the upper trendline, yet it displayed a piercing line candlestick pattern, suggesting potential bullish momentum. The stock witnessed a price volume breakout accompanied by a volume spike, indicating strong buying interest. The RSI is at 50.63, reflecting a neutral sentiment. Despite hitting (Rs 60), its recent high, the stock remains above its 52-week low of (Rs 22.8

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.