Top 3 stocks trading below Rs 100

These three equities gained significantly with price and volume activity during Thursday’s trading sessions, indicating potential bullish action.

Here’s an in-depth look.

Dhani Service Ltd 

Today, Dhani Services Ltd saw a significant price increase, closing at Rs 51.9, up 8.13% from the previous day’s close of Rs 48. The trading volume was notably high at 49,651,803 shares. The stock experienced a price volume breakout, indicating strong buying interest. Moreover, it bounced back from its 50-day Exponential Moving Average (EMA), signaling bullish momentum. The Relative Strength Index (RSI) stands at 71.27, suggesting the stock is overbought but still potentially bullish. Dhani Services also broke its 52-week high, indicating a strong upward trend.

NMDC Steel Ltd

NMDC Steel Ltd closed at Rs 63.9, a 2.65% increase from its previous close of Rs 62.25. The trading volume was high at 49,044,139 shares. The stock witnessed a price volume breakout, suggesting increased buying activity. It is positioned well for an uptrend, supported by its RSI of 58.83, indicating bullish momentum. The stock is trading above its 50-day EMA, further reinforcing the bullish sentiment. However, caution is warranted as the RSI indicates the stock is nearing overbought levels. Today’s strong momentum above the 50-day EMA indicates potential for further upside movement.

TPL Plastech Ltd 

TPL Plastech Ltd closed at Rs 85, up 12.29% from its previous close of Rs 75.7. The trading volume was 3,186,815 shares. The stock exhibited a price volume breakout and bounced from its 200-day EMA and trendline, suggesting strong bullish sentiment. It is currently trading at its 52-week high, indicating significant upward momentum. The RSI is at 69.58, suggesting the stock is overbought but still potentially bullish.

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.