Navigating Breakout Stocks: UltraTech Cement, Dalmia Bharat, and Anupam Rasayan

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Three major stocks—UltraTech Cement, Dalmia Bharat, and Anupam Rasayan—have hit fresh 52-week highs, drawing investor attention amid market volatility. Analysts suggest strategic approaches for traders looking to capitalize on these movements.

UltraTech Cement has successfully broken past its all-time high, crossing the critical resistance zone of 12,130–12,150. This signals strong bullish momentum, with moving averages trending upward. Experts recommend holding positions above 11,515, with potential targets of 12,750 and 13,000 in the coming weeks.

Dalmia Bharat, despite reaching a new high of 1,976.45, closed slightly lower at 1,965.90. The stock has given a breakout from a falling wedge pattern but formed a small-bodied candle with a long upper wick, indicating selling pressure. Analysts advise caution, suggesting consolidation around breakout levels before fresh entries.

Anupam Rasayan surged to 868.10, closing at 856.30 with a strong bullish weekly candle and significant volume spike. The stock has completed a multi-month rounding bottom breakout, signaling a trend reversal. Experts recommend buying on dips, as the RSI remains in a strengthening bullish zone without being overbought.

Sources: Economic Times, ETMarkets, Moneycontrol, Business Standard