The S&P BSE Sensex fell more than 350 points while the Nifty50 closed above 22,100 levels.
Sectorally, buying was seen in utilities, power, capital goods and oil & gas stocks while selling was seen in metal, consumer durable, and IT stocks.
Stocks that were in focus include names like Kaynes Technology which was up 1%, Data Patterns India closed with gains of over 9% and PB Fintech was up more than 7% to hit fresh high on Monday.
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:
Analyst : Priyanka Limaye, CA , CMT
Data Patterns
Post the ease in space FDI norms by the government, this stock has been soaring high for the past week. It has successfully closed above the all-time high with large volumes.
The stock has given a breakout from a short-term rounding bottom pattern. This breakout is supported by quite a good volume in the past few sessions, eventually it should touch 2945 and 3215 levels with a stop loss of 2250.
PB Fintech
The stock has been continuously making higher highs and higher lows on the medium-term charts.
It is in the process of forming a rounding bottom pattern on the weekly time frame. The stock closes above 1075 on Monday, which shows a bullish signal.
Technically, once it starts sustaining above 1470, it has a potential to test 2000+ in the medium term.
Agencies
Kaynes Technology
The stock is in the process of forming an Ascending Triangle pattern and is yet to give a breakout.
If it closes and stays above 2,970, the stock has the potential to test 3,600-3,700 in the medium term. It also has been showing negative divergences on RSI ie. where the price has been rising but RSI has been declining.
If it fails to breakout above 2,970 it can test 2,550 level again
Agencies