Stocks that hit 52-week high despite market volatility

The following 4 stocks hit 52-week high despite a correction in the markets followed by volatility amid bull-bear fights. Bulls are striving for a comeback, while Bears aren't letting the markets fall with small lower tops and lower bottoms.

Divis Laboratories: This pharma major breached its prior two resistances or rather the peaks at Rs. 1,327 and 1,331 per share during intraday trade, but could not sustain and retreated to close gaining 2.5 per cent. The stock is trading in a kind of Flag pattern after rallying from 1080 to 1314. The 14-period RSI positive crossover at 60 and rising volumes suggest momentum and the pattern breakout is around 1,345 levels.

ICICIGI: This general insurance company has been surging since August 27 despite volatility in the markets. The stock had given a downward sloping trendline breakout at 733 levels on July 18. After taking a breather of 2 days on September 11 and 12, the stock surged yet again on Friday to close at record high levels.

Intellect Design Arena: The software company breached its 52-week high after August 29 post range bound correction. Earlier, the stock gave an upward sloping channel pattern breakout at 242 levels. Now the stock has hit a new 52-week high with rising volumes and oscillators positive crossover.

Sonata Software: This IT company surged as much as 6 per cent after 4 days of consolidation at the downward sloping trendline breakout levels. And on Friday, the stock broke out of the trendline which is also an Inverse Head & Shoulders neckline breakout with volume spurt and RSI hitting 70 levels. We may see some more upside in the coming days