Top Trending Stock: More than 6 percent return in a day, which stock will fill your pocket at the end of the week? –

Top Trending Stocks: Shares of Aegis Logistics (NSE code – AEGISCHEM) rose over 6% in Friday’s trading session despite volatile market conditions. Midcap companies provide logistics services in the oil and gas domain along with allied businesses. The stock touched a 52-week high of Rs 388.80 on the NSE.

Technically, the stock has broken above the average volume from its 35-day consolidation period. Volume was higher than the 30-day and 50-day moving average volumes, thus indicating strong buying interest. All short and long-term moving averages are in an uptrend and indicate bullishness across all timeframes. The 14-day RSI (62.52) shows strong strength for the stock. A rising OBV indicates strong trading activity of the stock. Relative strength (RS) is positive and indicates the stock’s outperformance against the broader market. Overall, the technical setup is bullish and the stock is expected to scale higher going forward.

Medium-term resistance lies at Rs 400, after which the stock may see a significant upside. Meanwhile, strong support lies at the Rs 355 level and can act as a good buy level. Over the past year, the stock has generated over 70% returns to its shareholders. Traders can keep a close eye on this stock for the upcoming trading session.

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