National Fittings Limited made headlines in the last trading session by hitting the upper circuit, closing with a sharp gain of 19.93%. The stock rose around ₹29.30 and is now trading at ₹176.30. This strong move marks a major shift in trend after nearly a year of sideways trading.
For almost 12 months, the stock was moving in a tight range without any clear direction. But this breakout, along with a strong price surge, could signal the beginning of a fresh uptrend. Traders are now watching the stock closely for more upside in the coming sessions.
Strong Momentum Building
In just the last one week, National Fittings has shown an impressive gain of 38.82%. Over the past three months, the stock has also delivered solid returns of 33.41%. These numbers reflect growing interest from both retail and technical traders.
The sudden and strong movement to the upside is attracting attention, especially as the stock had been quiet for a long time. The breakout is seen as a clear bullish signal by many analysts.
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Technical Indicators Flash Strong Buy
From a technical point of view, things are looking very positive. Both moving averages and key oscillators are sending strong buy signals. This includes short-term averages like the 9-day and 21-day EMAs, which the stock has now moved above with momentum.
Volume has also picked up sharply. High trading volume during a breakout often confirms that the move is backed by strong demand, not just short-term speculation.
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What Traders Are Saying
Technical experts suggest that this kind of breakout — after a long period of consolidation — can lead to extended rallies. The sharp price action, combined with increasing volume, points to strong buying interest.
Some traders believe that if the stock holds above the ₹170 level, more upside is likely in the coming days. They also advise monitoring the volume closely, as it can help confirm the strength of the trend.
Medium-Term Outlook Looks Bright
If momentum continues and broader market conditions remain supportive, National Fittings could see further gains in the medium term. The stock’s behavior after this breakout will be key. If it consolidates at higher levels and builds a new base, it may attract even more buying interest.
Investors are encouraged to stay cautious and watch for pullbacks or consolidation phases, which are normal after sharp moves. However, the overall setup remains strongly positive for now.
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