Image Source: Bangkok Post
While the broader market cooled off, three stocks—MCX, Navin Fluorine, and Aditya Birla Capital—stood out by hitting fresh 52week highs, drawing strong interest from traders and technical analysts.
MCX (Multi Commodity Exchange):
The stock surged past ₹8,000, gaining over 1% and building on a 102% return over the past year. Analysts see potential upside toward ₹8,651 and ₹9,516, with support at ₹6,809. Sustained volume above the 50day average signals continued momentum.
Navin Fluorine:
The stock closed nearly 4% higher and is testing resistance in the ₹4,725–₹4,902 zone. A breakout above ₹4,895 could open the door to targets of ₹8,160 and ₹9,200. It has gained 29% in the past year and 31% in the last six months, with strong volume support.
Aditya Birla Capital:
Despite closing 2% lower, the stock registered a breakout with a bullish candle. Immediate targets are ₹309 and ₹342, with a stop loss at ₹233. It has returned 32% in the last six months, backed by strong buying momentum and volume spikes.
Traders are watching for confirmation of these breakouts. Analysts suggest using tight stoploss levels and focusing on volume trends to manage risk effectively.
Source: Economic Times, Chartink, Screener India
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