Stock scanner: Stocks close to their previous month's high

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term.

Most traders are often too late to react in stocks that have seen a good breakout. They enter late in the stock and miss sizeable profit in their perfectly worked trading system. Thus, despite a good upmove, the profits couldn’t reflect the rally of the stock. Hence, our stock scanner, which tracks the stocks trading near their previous month’s high, has proved useful to the traders.   

The stocks, which are trading around 1-2 per cent of their previous month’s high, are likely to trend stronger in the short to medium term. A stock that manages to take out its previous month’s high is not only considered bullish but also, attracts buying interest from the market participants. Keep a watch on these stocks as well as on their volumes for potential breakout and consider hopping in for decent profits!  

Here is a list of the stocks that are near to their previous month’s high:  

BEL

TECHMAHINDRA

DABUR