The S&P BSE Sensex rose nearly 700 points while the Nifty50 rose more than 200 points.
Sectorally, buying was seen in capital goods, public sector, and realty stocks.
Stocks that were in focus include names like UNO Minda which rose more than 13% to hit a fresh high, KNR Constructions closed with gains of more than 11% and Amara Raja Batteries that gained nearly 5% to hit a fresh record high.
We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view. Here’s what Priyanka Limaye (CA, CMT) had to say:
UNO Minda: CMP 974.20
This stock has been steadily moving higher in the last one year. In the last 2-3 weeks, the stock has picked up momentum.
The Relative Strength Index (RSI) is in a super bullish zone. MACD is in a buy signal, and the volumes have also been good in the last couple of days.
On the upside, the 1,020-1,065 zone will be a crucial technical hurdle. Clearing this hurdle will take this stock towards 1,265 levels.
KNR Constructions: CMP 378.65
This stock has given a weekly channel breakout in the past few days.
Indicators like RSI, MACD are in buy modes, and the volumes are also looking good.
The stock has a minor technical hurdle around 430, and once it clears this hurdle, the stock will go higher towards 470-505.
Amara Raja Batteries: CMP 1,277.50
This stock has recently given a breakout from weekly rounding bottom pattern. The pattern target would be around 1,600, and the technical indicators are slightly in an overbought zone.
Any dip towards 1,120-1,020 can be utilised to add/buy for the given target.
(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)