Top 3 breakout stocks trading below Rs 100

These 3 stocks have shown substantial gains in Friday’s trading sessions, indicating strong bullish activity.

Here’s an in-depth look.

Alok Industries Ltd

Alok Industries’ stock has given a volume price breakout on the day chart by taking 200-day EMA support in the last week of November. The stock is currently trading at Rs 22.75 and has seen a spurt in volume in today’s sessions. The stock price has witnessed a 52-week breakout, supported by a strong relative strength index trading at a level of 72. Recently, the stock price bounced near the 50-day EMA. This stock has generated 61.57% of maximum returns for its investors over the 6 months.

Alok Industries Ltd is engaged in the manufacture of textile, leather, and other apparel products.

Indiabulls Real Estate Ltd

Indiabulls Real Estates’ stock price has given a price volume breakout by breaking its 52-week high on Friday. The Relative Strength Index of this chart is trading at the 69 level, and the price just broke from a cup and handle chart pattern. This is a promising sign that the stock is breaking its prior highs, according to its volume spurt and candle formation the traders are showing interest in this particular stock. The stock has seen a surge in volume by more than 8.39 times today. A few sessions ago, the stock price bounced from its 200-day EMA, suggesting the sustenance of the uptrend. Indiabulls Real Estate has surged 9.32% in a day.

Indiabulls Real Estate Ltd engages in the provision of real estate development services.

Ujjivan Small Finance Bank Ltd

Ujjivan Small Finance Bank’s stock has given a price-volume breakout along with a symmetric triangle breakout. The stock price has bounced from the 50-day EMA for the second time, showing that it is respecting the technical levels. The stock has witnessed a spurt in volume, more than the daily average. The stock price is showing a strong up move with normal buying, with the Relative Strength Index is rising and trading at the level of 65, which is a about to enter in strong bullish zone to trade for a stock price. The stock has given 86.46% returns in a year.

Ujjivan Small Finance Bank Ltd provides banking services.

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.