Breakout Stocks: How GMM Pfaudler, Kalyan Jewellers, and Indian Overseas Bank are looking on charts for Monday

On the daily timeframe, GMM PFAUDLER was trading in a downward-sloping parallel channel. After gaining almost 10%, prices have given a breakout of the channel. We have shown the ADX indicator, which gives an indication if the stock is trending or in a trading range. The ADX of this stock is 39.43, indicating that the stock continues to trade with good momentum.