DSIJ Mindshare

The stock jumped more than 4 per cent on Wednesday and as a result, it has logged a fresh 52-week high.

As the stock is trading near its all-time high, it is above all the short and long-term moving averages. This setup is indicating a clear uptrend in the picture of the stock.

The strong move by the stock has led it to reclaim its 20-DMA. Meanwhile, the elder impulse system has turned bullish.   

One such sector was Nifty PSU Bank, which gained as much as 16.45 per cent and emerged as the top-performing sector of the month. Interestingly, all the stocks of this sector have managed to deliver positive returns in the month of January. However, one stock that commands special attention is 

The breakout has been witnessed along with a huge spike in the volumes as the stock has registered highest single-day volume since August 30, 2021. Interestingly, the 14-period daily RSI has honoured the RSI super bullish range Shift rule.