Trending stock below Rs 20: A2Z Infra Engineering Ltd
In just one month, the stock has delivered about 65 per cent returns to its shareholders.
The stock of A2ZINFRA is extremely bullish and has gained over 40 per cent since its prior swing low in just seven trading sessions.
Last week, the stock had given a breakout from its 14-week long cup pattern and currently, trades above it. Moreover, the stock has hit a fresh 52-week high today and gained nearly 2 per cent. Along with this, it has registered strong volumes lately, which happens to be greater than the 10-day and 30-day average volume. Thus, the price structure is quite bullish.
The 14-period daily RSI (84.52) indicates an extremely strong strength in the stock. The +DMI is well above the -DMI while the ADX is above the 40-mark, indicating a strong uptrend. The OBV is on a rise while other momentum oscillators point their pointers towards the bullishness of the stock.
In just one month, the stock has delivered about 65 per cent returns to its shareholders. Considering the bullish price structure, strong technical parameters, and recent performance, the stock is expected to do well in the short to medium term. With its strong momentum, it presents a good opportunity for swing trading and traders can expect decent returns from this stock in the coming days.