These 3 stocks have shown substantial gains in Thursday’s trading sessions, indicating strong bullish activity.
Here’s an in-depth look.
OmaxeI stock price is forming a bullish peanut chart pattern. The stock is currently trading at Rs 79.90 and has seen volume rise in a prior trend, but while forming the pattern, the volume has dried up. The stock price has witnessed a candlestick pattern called bullish engulfing on the bottom trendline, which shows the price is about to turn bullish and may break out the bullish peanut chart pattern. The stock price is near the 50-day EMA. This stock has generated 59.40% of returns for its investors over a 6-month period.
Omaxe Ltd is engaged in the development of real estate properties.
Ujjivan Small Finance Bank’s stock price has bounced from a 50-day EMA with slightly higher volume than average. The stock is in a long-term uptrend with a strong fundamental future. The relative strength is also in sync with the price, as it is not making any divergence and is trading at a level of 51. Soon, the stock may come back to momentum as the RSI moves above 60 and breaks its 52-week high. Ujjivan Small Finance Bank has generated more than 95.09% returns in a one-year time period.
Ujjivan Small Finance Bank Ltd provides banking services.
AGS Transact Technologies’ stock has broken its 52-week high over the daily timeframe and also formed a proper base after a sharp move. The stock has been witnessing huge momentum spikes since it received orders from the State Bank of India. The stock price is showing a strong up move with heavy buying where it has already witnessed a golden cross. The RSI is at 77, which is in the bullish zone, and may try to cross the level of 80 to be super bullish. On Thursday, the price touched its 52-week high by surging more than 5%. The stock has given 60.61% returns over a 6-month time period.
AGS Transact Technologies Ltd. engages in the supply, installation, and management of technology-based automation products.
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.
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