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

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

Rohit Kale
/ Categories: Trending, Mindshare

 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:  

TITAN 
VOLTAS
IPCALAB

Previous Article Five stocks witnessing short covering
Next Article Stocks below Rs 100: Only buyers seen in these scrips on March 30
Rate this article:
5.0

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR