Activity Near The Key Moving Averages, 23rd July, 2021| MarketSmith India

Author: MarketSmith India

Posted Date: July 23 2021

Surya Roshni Ltd

An outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 82. In the last twelve months, the stock has rallied over 326.2% as compared to 43.8% for the Nifty500. The EPS Rank of 90 is exceptional indicating strong outperformance in earnings growth.

The stock has an Accumulation/Distribution Rating of A+. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today Surya Roshni Ltd has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.2% up on a 53.9% greater volume than the 50-day average. Rising stocks often rebound from their 21-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

Kirloskar Ferrous

Kirloskar Ferrous has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 84. In the last twelve months, the stock has rallied over 268.8% as compared to 43.8% for the Nifty500. The EPS Rank of 99 is exceptional indicating strong outperformance in earnings growth.

The stock has strong institutional support. The Accumulation/Distribution Rating of A- represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, Kirloskar Ferrous stock fell -1.6%, undercutting its 21-day moving average. It closed -0.2% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Steel Authority of India

 Steel Authority of India  has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 84. In the last twelve months, the stock has rallied over 267.2% as compared to 43.8% for the Nifty500. The EPS Rank of 92 is exceptional indicating strong outperformance in earnings growth.

The stock has strong institutional support. The Accumulation/Distribution Rating of A represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today Steel Authority of India has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 0.2% up on a 26.7% greater volume than the 50-day average. Rising stocks often rebound from their 50-day lines as big investors use it as a reference point to add shares to their positions, creating a price support. You may want to keep an eye on the stock for further supporting actions.

Astral Ltd

Astral Ltd has rallied nearly 194.8% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 70 which is a respectable rating, but needs improvement. The EPS Rank of 97 is exceptional indicating strong outperformance in earnings growth.

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Astral Ltd stock fell -1.8%, undercutting its 21-day moving average. It closed -0.6% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Dwarikesh Sugar

Dwarikesh Sugar has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 87. In the last twelve months, the stock has rallied over 211.9% as compared to 43.8% for the Nifty500. The EPS Rank of 48 is poor and needs improvement.

The stock has an Accumulation/Distribution Rating of A+. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Dwarikesh Sugar stock fell -0.5%, undercutting its 21-day moving average. It closed -0.2% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

M M Forgings Ltd.

M M Forgings Ltd. has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 80. In the last twelve months, the stock has rallied over 277.4% as compared to 43.8% for the Nifty500. The EPS Rank of 76 is fair, but needs improvement.

The stock has strong institutional support. The Accumulation/Distribution Rating of A+ represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, M M Forgings Ltd. stock fell -2.9%, undercutting its 21-day moving average. It closed -2.1% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Nmdc Ltd.

Nmdc Ltd. has rallied nearly 106.7% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 57 which is a respectable rating, but needs improvement. The EPS Rank of 96 is exceptional indicating strong outperformance in earnings growth.

The stock has strong institutional support. The Accumulation/Distribution Rating of B- represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, Nmdc Ltd. stock sliced through the 21-day moving average line. The stock closed -1% up on a 117.2% greater volume than the 50-day average. A rallying stock that collapses below 21-day support in heavy volume is often sending a sell signal, at least for the short term. You may want to watch the stock carefully for further weakness.

Poly Medicure

Poly Medicure has rallied nearly 160.8% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 62 which is a respectable rating, but needs improvement. The EPS Rank of 93 is exceptional indicating strong outperformance in earnings growth.

The stock has an Accumulation/Distribution Rating of B+. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Poly Medicure stock closed 2.1% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 1% above the 50-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

Linde India

Linde India has rallied nearly 157.4% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 59 which is a respectable rating, but needs improvement. The EPS Rank of 92 is exceptional indicating strong outperformance in earnings growth.

The stock has strong institutional support. The Accumulation/Distribution Rating of A represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, Linde India stock fell -1.1%, undercutting its 21-day moving average. It closed -1.1% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Galaxy Surfactants

Galaxy Surfactants has rallied nearly 90.4% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 51 which is a respectable rating, but needs improvement. The EPS Rank of 94 is exceptional indicating strong outperformance in earnings growth.

The stock has strong institutional support. The Accumulation/Distribution Rating of A- represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, Galaxy Surfactant. stock fell -1.2%, undercutting its 21-day moving average. It closed -1% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Ineos Styrolution

Ineos Styrolution has rallied nearly 104.2% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 61 which is a respectable rating, but needs improvement. The EPS Rank of 79 is fair, but needs improvement.

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Ineos Styrolution stock fell -1.1%, undercutting its 50-day moving average. It closed -0.2% below the 50-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Dcw Ltd.

Dcw Ltd. has rallied nearly 247.1% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 77 which is a respectable rating, but needs improvement. The EPS Rank of 64 is fair, but needs improvement.

The stock has an Accumulation/Distribution Rating of A+. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Dcw Ltd. stock fell -1.9%, undercutting its 50-day moving average. It closed -0.7% below the 50-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Uflex Ltd.

Uflex Ltd. has rallied nearly 94% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 55 which is a respectable rating, but needs improvement. The EPS Rank of 93 is exceptional indicating strong outperformance in earnings growth.

The stock has strong institutional support. The Accumulation/Distribution Rating of B represents heavy institutional buying over the past 13 weeks. Although the number of institutions holding the stock dropped in the last quarter, the number of shares held by the institutions increased at the same time.

Today, Uflex Ltd. stock fell -1.4%, undercutting its 21-day moving average. It closed -1% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Clariant Chemicals (India)

 Clariant Chemicals (India) has rallied nearly 54.9% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 56 which is a respectable rating, but needs improvement. The EPS Rank of 72 is fair, but needs improvement.

The stock has strong institutional support. The Accumulation/Distribution Rating of B+ represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, Clariant Chemicals (India) stock fell -0.7%, undercutting its 21-day moving average. It closed -0.9% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Ifgl Refractories

Ifgl Refractories has rallied nearly 235.5% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 74 which is a respectable rating, but needs improvement. The EPS Rank of 69 is fair, but needs improvement.

The stock has strong institutional support. The Accumulation/Distribution Rating of B+ represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.

Today, Ifgl Refractories stock fell -2%, undercutting its 21-day moving average. It closed -0.5% below the 21-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

Nava Bharat Ventures

Nava Bharat Ventures has rallied nearly 132.5% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 71 which is a respectable rating, but needs improvement. The EPS Rank of 84 is exceptional indicating outperformance in earnings growth.

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Nava Bharat Ventures stock closed 0.5% up, reclaiming its 21-day moving average. It closed 0% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

Vedanta

Vedanta has rallied nearly 134.5% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 64 which is a respectable rating, but needs improvement. The EPS Rank of 57 is poor and needs improvement.

Today, Vedanta stock closed 1.8% up, reclaiming its 21-day moving average. It closed 0.4% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

Finolex Cables

Finolex Cables has rallied nearly 89% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 55 which is a respectable rating, but needs improvement. The EPS Rank of 85 is exceptional indicating outperformance in earnings growth.

Today, Finolex Cables stock closed 1.9% up, reclaiming its 21-day moving average. It closed 0.5% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

Kajaria Ceramics

Kajaria Ceramics has rallied nearly 141.8% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 51 which is a respectable rating, but needs improvement. The EPS Rank of 87 is exceptional indicating outperformance in earnings growth.

The stock has an Accumulation/Distribution Rating of B. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Kajaria Ceramics stock closed 1.5% up, reclaiming its 21-day moving average. It closed 0.2% above the 21-day moving average. However, the volume for the day remained below its 50-day average. You would like to see the stock stage a quick supporting rally or at least taking support near this area. At this point, you may want to keep an eye on the stock for further supporting actions.

Sundaram Finance

Sundaram Finance has rallied nearly 110.8% as compared to 43.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 54 which is a respectable rating, but needs improvement. The EPS Rank of 89 is exceptional indicating outperformance in earnings growth.

The stock has an Accumulation/Distribution Rating of A-. This represents heavy institutional buying over the past 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

Today, Sundaram Finance stock fell -2.6%, undercutting its 50-day moving average. It closed -0.1% below the 50-day moving average. However, the volume for the day remained below its 50-day average. A close below the line on a lighter volume is okay, but staying there is not. You would like to see the stock stage a quick reversal or at least taking support near this area. At this point, you may want to watch the stock carefully for further weakness.

 
Name Pct Chg (%) Vol Pct Chg(%) RS Rank ESP Rank
21SMABreak
Kirloskar Ferrous -1.6 -5.4 84 99
Astral Ltd -1.8 -40.7 70 97
Dalmia Bharat Sugar 0 -69.9 92 80
Dwarikesh Sugar -0.5 -51.1 87 48
M M Forgings Ltd. -2.9 -43.7 80 76
Nmdc Ltd. -1 117.2 57 96
Linde India -1.1 -73.8 59 92
Galaxy Surfactants. -1.2 -58.9 51 94
Uflex Ltd. -1.4 -13.7 55 93
Clariant Chemicals -0.7 -68.7 56 72
Ifgl Refractories -2 -66.9 74 69
21SMASupport
Surya Roshni Ltd 3.2 53.9 82 90
Nava Bharat Ventures 0.5 -55.3 71 84
Vedanta 1.8 -57.7 64 57
Finolex Cables 1.9 -44.5 55 85
Kajaria Ceramics 1.5 -49 51 87
50SMABreak
Ineos Styrolution -1.1 -74.5 61 79
Dcw Ltd. -1.9 -72.8 77 64
Sundaram Finance -2.6 -33.9 54 89
50SMASupport
Steel Authority 0.2 26.7 84 92
Poly Medicure Lt 2.1 -6.9 62 93
 
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