Know which stock hit a fresh 52-week high today!

On the technical chart, the stock is extremely bullish as it soared over 6 per cent and made a new 52-week high of Rs 193.75 on the first day of 2022.  

The stock had formed a base at Rs 125-Rs 130 levels and shot up by nearly 50 per cent in just one month. It is inching higher along with recording a huge volume in the process. On the daily timeframe, the RSI is in a super-bullish territory and the ADX indicates a strong uptrend of the stock. The MACD histogram is rising, which suggests that strong momentum is likely to continue. The Elder Impulse System and Pring’s KST suggest extreme bullishness of the stock.  

Last month, the stock delivered a massive 42 per cent return and thus, outperformed its peers by a large margin. With technical parameters showing extreme bullishness and the price action showing no signs of halting, the stock is set to soar higher in the near future.  

D-Link (India) Ltd is engaged in the marketing and distribution of networking products. It deals with the design, manufacture & marketing of networking, broadband, digital, voice, and data communications solutions. The company is firmly committed to delivering high quality, efficiency as well as reliability to networking products, solutions & services. This small-cap company with a market cap of Rs 671 crore is one of the most promising companies in its sector.