Trending Stocks: These quality stocks should be on your watchlist!
The taper talk is over and the global markets have reacted positively to the comments made by the US fed chairman on Friday. Monday promises to be a green day for markets with SGX Nifty trading with gains of over 90 points.
Following quality stocks need to be on investors watchlist that have given a price volume breakout and much more:
Deepak Nitrate: The stock has gained more than 115 per cent in 2021 alone and was seen gaining in Friday trading session with a spurt in volume. The stock has fallen by 2 per cent from its 52-week highs. The stock has fallen with lower volumes this week however the volume has increased on Friday when the stock jumped higher by more than 2 per cent. The RSI is showing bullishness in Deepak Nitrate. Also, a bullish engulfing pattern was formed on Friday.
Jubilant Ingrevia: The stock has gained with volumes in the past two sessions while the stock has jumped by ~10 per cent from its lows this week. The stock has bounced from its 20D EMA and as per the concept of pattern breakouts the stock is looking strong. Investors can keep Jubilant Ingrevia on watchlist.
Navin Fluorine: A huge green candle was formed on Friday session. The stock managed to close above the 30D EMA indicating near term bullishness in the counter. The share price gained by more than 6 per cent on Friday with spurt in volume. The MACD indicator is positive as well.
SRF: The shares of SRF are trading at life highs and have given a price volume breakout. The MACD indicator is showing bullishness. SRF should be on investors watchlist.
Mindtree: The shares of Mindtree traded at record highs after breakout out with a spurt in volume, of a narrow range. Mindtree should be on investors watchlist.
Infoedge: The shares of Infoedge have given a 52-week zone breakout and has managed to close at all time highs on Friday. The stock is trading above the 20D EMA and has given a price volume breakout. According to RS Spread chart the stock is showing strength.