Breakout stocks? RVNL, JWL, KEC, 6 others trade above Supertrend indicator

RVNL, Jupiter Wagons, KEC International, JSW Infra, GE Vernova, HBL Engineering, KSB, Lloyd Metals and Sagility are seen trading above the Supertrend indicator in Monday's intra-day trade, show charts

The Supertrend indicator is a commonly used tool in technical analysis that helps in identifying a potential change in trend for a particular stock or index. The Supertrend is based on the Average True Range (ATR), moving averages and volatility.  In general, a breakout (close) above the Supertrend line indicator is considered as a change in trend from 'negative' to 'positive' for the underlying stock. On the other hand, as and when the stock closes below the Supertrend indicator it signals a change of trend from 'positive' to 'negative'.  A technical scan on Nifty 500 stocks show that the 9 namely - GE Vernova T&D India, HBL Engineering, JSW Infrastructure, Jupiter Wagons (JWL), KEC International, KSB, Lloyd Metals and Energy, Rail Vikas Nigam (RVNL) and Sagility were seen attempting a breakout as per the Supertrend indicator in Monday's trading session. A close above the key indicator today shall technically qualify as a breakout for the respective stock.  CATCH STOCK MARKET LIVE UPDATES TODAY   Here's a look at 9 stocks on technical charts (The purple coloured line is the Supertrend indicator): 

GE Vernova T&D India (GVT&D)

  Current Market Price: ₹3,149 

 

      

HBL Engineering

  Current Market Price: ₹867.65     

 

 

JSW Infrastructure

  Current Market Price: ₹279.10     

 

 

Jupiter Wagons (JWL)

  Current Market Price: ₹288.20 

 

     

KEC International

  Current Market Price: ₹749.05     

 

 

KSB

  Current Market Price: ₹803.15     

 

   

Lloyd Metals and Energy

  Current Market Price: ₹1,348 

       

Rail Vikas Nigam (RVNL)

  Current Market Price: ₹333.10     

 

Sagility

  Current Market Price: ₹52.93