DSIJ Mindshare

Technically, the stock has registered a breakout from 2 months consolidation range of Rs. 287 on higher side and Rs. 252 on lower side. Stock surged 9 per cent with volumes around 3 million shares in the first half of the session only and is currently trading at Rs. 285 level. Closing around day’s high will confirm the breakout. 

Interestingly, the stock has bounced back 15 per cent from the February lows and currently, it is trading at Rs 366. The stock is on the verge of a technical breakout

On Monday, Nifty opened on a flat note and hit the day’s high of 17,530 level but severe profit booking pulled Nifty below 17,300 level. Despite this volatile session, one small cap stock from Hotels and Restaurants industry has rallied more than 16 per cent, backed by massive volumes during the initial hours of the day. 

This week, the stock rallied around 10 per cent with massive volumes to touch its breakout level of trend reversal price pattern on weekly charts.

In February, the country recorded its highest ever maximum temperature with an average of close to 30 degrees Celsius, the highest since 1901 when weather records began.