Stock below Rs 50: This small-cap registers a solid breakout; don’t miss out on the action!

The MACD histogram is suggesting a pickup in upside momentum.

The Bulls on D-Street are refusing to take a breather as they confidently march upward on this vibrant Monday. Both the Nifty and Sensex indexes added a sprightly 0.40 percent to their records, showcasing their unwavering determination. But the enthusiasm wasn't confined to the usual suspects - the broader markets joined in the jubilation, with Nifty Midcap and Small-Cap indices making their mark with gains of 0.47 and 0.28 percent, respectively.

In this exhilarating dance of numbers, two standout performers took the stage: Nifty Pharma and Nifty IT, leading the parade with their impressive strides.

However, amidst the celebratory procession of giants, a charming underdog, Dhani Services Ltd., caught the eyes of many. This hidden gem, with a share price under Rs 50 and a market cap of around Rs 2,759 crore, belongs to the realm of small-cap wonders. On this memorable Monday, Dhani Services sprung to life with an astonishing leap of over 12 per cent, accompanied by a crescendo of trading volume that hadn't been witnessed in the past nine trading sessions.

The opening act of the day showcased a delightful twist: Dhani Services Ltd. began the day at Rs 43.05, an opening note that resonated throughout the session. Like a confident dancer, this stock exhibited the characteristics of a bullish Marubozu candle, a pattern that signifies a powerful surge of optimism. With no lower shadow to be seen, the candle's message was crystal clear - bullish sentiments were soaring. The stage was set for a breathtaking performance, as the price continued its upward choreography, painting a long body of success without any downward interruptions. 

Behind the scenes, the leading indicators revealed their support for this star performer. The leading indicator, 14-period daily RSI is in a super bullish zone and is in rising trajectory. The daily MACD stays bullish as it is trading above its zero line and signal line. The MACD histogram is suggesting a pickup in upside momentum. The stock is clearly on an uptrend and trend strength is extremely high. The Average Directional Index (ADX), which shows trend strength, is as high as 42.8 on a daily chart and with the +DMI (positive directional movement indicator) above the -DMI (negative directional movement indicator) and the ADX itself.

A final piece of advice for the curious spectators of this financial spectacle: add this captivating stock to your watchlist, as it continues to script its remarkable tale of triumph on the grand stage of the market.

Disclaimer: The following information is for informational purposes only and should not be considered as a recommendation to invest in any particular stock or security.