Top 3 stocks trading below Rs 100

During Tuesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action.

Here’s an in-depth look.

NHPC Ltd

NHPC Ltd showed robust trading today with a significant volume of 110,494,005 shares, marking a price volume breakout and volume spike. The stock reached a high of Rs 96.7 before settling at Rs 95.95, which is notably higher than the previous close of Rs 93.4. This represents a 2.73% increase. The stock’s performance today indicates strong buying interest, as evidenced by trading near resistance and a recent bounce from the 50-day EMA. With an RSI of 63.39, NHPC Ltd is showing momentum, which might continue if it sustains above these levels. Investors will be watching for potential resistance near the 52-week high of Rs 105.25.

JM Financial Ltd

JM Financial Ltd experienced an impressive surge in trading volume, with 32,845,116 shares changing hands and a price volume breakout. The stock advanced to a high of Rs 90.35 and is currently trading at Rs 88.7, significantly up by 8.83% from the previous close of Rs 81.5. Today’s movement has pushed the stock above both its 50-day and 200-day EMAs, suggesting a potential long-term upward trend. The RSI at 61.85 also indicates strong momentum. This strong performance, coupled with the stock filling a previous price gap, positions JM Financial well for continued positive movement.

Vascon Engineers Ltd

VASCON Engineers Ltd did well today, closing at Rs 75.85, up 3.98% from Rs 72.95 yesterday. The stock saw heavy trading with 8,951,003 shares changing hands. This signals strong buying interest. VASCON crossed 200-day EMA and bounced from it. Now the stock is trading above all important moving averages and its RSI is at 61.85, showing bullish momentum. The stock has gone up 147.23% in a year, making it a multibagger. VASCON is now worth Rs 1,679.80 crore market cap. The breakout above moving averages hints the rally could continue. The stock has give a price volume breakout but facing some selling pressure today.

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.