The analyst shared data showing price action and volume patterns post-breakout in HAL, BEL, GRM Overseas, and Tech Mahindra.
Four Indian stocks posted sharp gains ranging from 24% to 39% following breakout formations supported by retests and volume surges.
SEBI-registered analyst Rohit Mehta shared details on their performance on Stocktwits.
Hindustan Aeronautics
He highlighted that Hindustan Aeronautics broke out at ₹4,050 and reached a high of ₹5,165, delivering a 27% gain to its all-time high.
The stock’s market price on Monday was ₹5,047, up 24% from the breakout point. He noted a successful retest and volume surge.
Bharat Electronics
For Bharat Electronics, Mehta cited a breakout at ₹305, with the share price at ₹419 on Monday, showing a 37% gain.
The move followed a clear breakout and retest, with a pickup in volume confirming strong buying.
GRM Overseas
GRM Overseas broke out at ₹255 and climbed to ₹356, registering a 39% gain.
Mehta highlighted a sharp move after a trendline breakout and quick retest, calling it a clean breakout from a long-term trendline.
Tech Mahindra
Tech Mahindra broke out above ₹1,300. Mehta said on Monday, it traded at ₹1,679, reflecting a 29% rise, with gains of 39% to its all-time high of ₹1,807.
He also pointed out a breakout from long-term resistance, adding that ₹1,230–₹1,207 zone held as a support.
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