Dont miss action in these trending stocks on Monday

The US markets have closed in green and are seen making new highs in the coming week. The Indian markets may react positively to the global market cues. Few trending stocks on the verge of breakout may attract buyers in coming week.

Following stocks will be in limelight next week:

CDSL : The shares of CDSL are trading with a price volume breakout after a positive results was announced on October 29. A bullish engulfing pattern was formed in CDSL shares on November 3 indicating bullishness in the counter. The shares of CDSL are trading above the important short-term moving averages of 20D SMA. The CDSL shares were seen bouncing from the 20D SMA thus forming a short-term support. The stock may face resistance near 1570-1575 levels.

VRL Logistics: The shares of VRL Logistics were seen trading with a 52-week breakout. The price volume breakout after the positive set of earnings augurs well for the stock price in the near term. The RSI is trending up, the stock of VRL Logistics bounced from its near 20D SMA levels on November 3, indicating bullish price action. Logistics company shares are seen outperforming lately and hence VRL Logistics will be in focus on Monday. 

Khadim: The shares of Khadim India jumped higher by ~10 per cent on Muhurat Trading session. All the technical indicators are pointing towards bullish view in Khadim even as the price volume breakout in Khadim India shares may attract more buyer ahead of the earnings. Khadim India share price is up by more than 47 per cent in one month alone. Khadim India shares will be in focus on Monday. The results will be declared on Monday, November 8.