Price Volume Breakout Stocks: Gokaldas Exports Limited Company shares rose more than 7% on Wednesday. Investors should keep an eye on this stock for upcoming trades.
Gokaldas Exports Limited is engaged in the business of designing, manufacturing and selling garments for men, women and children. It serves many leading international fashion brands and retailers.
Shares of the company rose more than 7% on Thursday on a sharp increase in total trading volume. Half way through the trading session – By noon the trading volume of the share in the session has surpassed the trading volume of the previous session. The share has seen the highest volume of transactions since late October 2022. With such strong volatility, the stock has set a new high in the last 4 months.
The company stock recorded a remarkable journey of fresh 4 months. Considering this it is trading above all its important moving averages i.e. 20, 50, 100 and 200-DMA. This stock has seen three moving averages. Such as the 20, 50 and 100-DMA and breakouts following convergence historically are reliable.
The 14-period daily RSI is at a recent high and rising levels are a positive sign for this stock. The daily MACD is pointing north, staying above its nine-period moving average. Thus verifying the positive bias in this stock. Therefore, it is suggested that investors should keep an eye on this stock for upcoming transactions.
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