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Activity Near The Key Moving Averages, 24th August 2021 | MarketSmith India

August 24 2021 | Reading Time: 12 Minutes

Hikal Ltd.

 

Stock. has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 93. In the last twelve months, the stock has soared over 236.9% as compared to 41.8% for the Nifty500. The EPS Rank of 95 is exceptional indicating strong outperformance in earnings growth.

 

Today Hikal Ltd. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.4% up on a 17.6% 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.

 

Deepak Nitrite

 

Deepak Nitrite has rallied nearly 175% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 79 which is a respectable rating, but needs improvement. The EPS Rank of 97 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 Deepak Nitrite has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.1% up on a 58.3% 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.

 

Ramkrishna Forgings

 

Ramkrishna Forgings has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 85. In the last twelve months, the stock has rallied over 248.6% as compared to 41.8% for the Nifty500. The EPS Rank of 64 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, Ramkrishna Forgings stock closed 3.4% 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.

 

Panama Petrochem

 

Panama Petrochem has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 89. In the last twelve months, the stock has rallied over 333.2% as compared to 41.8% for the Nifty500. The EPS Rank of 96 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, Panama Petrochem stock closed 7.4% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 1.7% 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.

 

Hg Infra Engineering

 

Hg Infra Engineering has been 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 147.8% as compared to 41.8% 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, Hg Infra Engineering stock closed 5.3% up, reclaiming its 21-day moving average. It closed 2.3% 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.

 

R Systems Internat.

 

R Systems Internat. has rallied nearly 83% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 69 which is a respectable rating, but needs improvement. The EPS Rank of 91 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 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, R Systems Internat. 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.

 

Gravita India Ltd.

 

Gravita India Ltd. has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 91. In the last twelve months, the stock has soared over 244.3% as compared to 41.8% for the Nifty500. The EPS Rank of 91 is exceptional indicating strong outperformance in earnings growth.

 

Today Gravita India Ltd. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 12.7% up on a 35.8% 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.

 

Jindal Stainless

 

Jindal Stainless has rallied nearly 173% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 78 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 Jindal Stainless has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 15.9% up on a 139.7% 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.

 

Jk Paper Ltd.

 

Jk Paper Ltd. has rallied nearly 126% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 79 which is a respectable rating, but needs improvement. The EPS Rank of 95 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 Jk Paper Ltd. has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 8.7% up on a 1.1% 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.

 

Mastek Li

 

Mastek Li 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 242.5% as compared to 41.8% for the Nifty500. The EPS Rank of 97 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, Mastek Li stock closed 4.5% up, reclaiming its 21-day moving average. It closed 3.3% 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.

 

Thirumalai Chem.

 

Thirumalai Chem. has rallied nearly 128.4% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 73 which is a respectable rating, but needs improvement. The EPS Rank of 74 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 Thirumalai Chem. has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 11.9% up on a 8.9% 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.

 

Jindal Saw

 

Jindal Saw has rallied nearly 82.1% as compared to 41.8% 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 92 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, Jindal Saw stock closed 1.8% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 0.4% 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.

 

Laurus Labs

 

Laurus Labs has rallied nearly 174% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 79 which is a respectable rating, but needs improvement. The EPS Rank of 82 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 Laurus Labs has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 6.1% up on a 12.1% 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.

 

Jubilant Foodworks L

 

Jubilant Foodworks L has rallied nearly 74.9% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 58 which is a respectable rating, but needs improvement. The EPS Rank of 94 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, Jubilant Foodworks L stock sliced through the 21-day moving average line. The stock closed -2.3% up on a 12.6% 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.

 

Allcargo Logistics

 

Allcargo Logistics has rallied nearly 62.9% as compared to 41.8% 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 70 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 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 Allcargo Logistics has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 9.5% up on a 44.2% 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.

 

Elecon Engg.

 

Elecon Engg. has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 95. In the last twelve months, the stock has soared over 361.6% as compared to 41.8% for the Nifty500. The EPS Rank of 80 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, Elecon Engg. stock closed 6.8% up, reclaiming its 21-day moving average. It closed 5.9% 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.

 

Savita Oil Tech

 

Savita Oil Tech has rallied nearly 100.6% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 68 which is a respectable rating, but needs improvement. The EPS Rank of 99 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, Savita Oil Tech stock closed 6.1% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 2.8% 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.

 

Orient Cement Ltd.

 

Orient Cement Ltd. has rallied nearly 111.6% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 69 which is a respectable rating, but needs improvement. The EPS Rank of 71 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, Orient Cement Ltd. stock closed 1.8% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 0.3% 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.

 

Grindwell Norton

 

Grindwell Norton has rallied nearly 137.5% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 69 which is a respectable rating, but needs improvement. The EPS Rank of 95 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, Grindwell Norton stock closed 2.7% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 1.7% 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.

 

Polyplex Corpn.

 

Polyplex Corpn. has rallied nearly 99.7% as compared to 41.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 75 which is a respectable rating, but needs improvement. The EPS Rank of 88 is exceptional indicating 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, Polyplex Corpn. stock closed 3.3% up, reclaiming its 21-day moving average. It closed 1.5% 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.

 
Daily Flag Name Price % Chg Vol % Chg RS Line ESP Rank
21SMABreak Jubilant Foodworks L -2.3 12.6 58 94
21SMASupport
Elecon Engg. 6.8 -28.4 95 80
Hikal Ltd. 5.4 17.6 93 95
Gravita India Ltd. 12.7 35.8 91 91
Mastek Li 4.5 -56.4 87 97
Ramkrishna Forgings 3.4 -49.6 85 64
Hg Infra Engineering 5.3 -60.6 82 99
Deepak Nitrite 2.1 58.3 79 97
Polyplex Corpn. 3.3 -29.9 75 88
Allcargo Logistics 9.5 44.2 70 70
R Systems Internat. 1.9 -64 69 91
50SMASupport
Panama Petrochem 7.4 -15.5 89 96
Jk Paper Ltd. 8.7 1.1 79 95
Laurus Labs 6.1 12.1 79 82
Jindal Stainless 15.9 139.7 78 64
Thirumalai Chem. 11.9 8.9 73 74
Jindal Saw 1.8 -41.3 70 92
Orient Cement Ltd. 1.8 -53.5 69 71
Grindwell Norton 2.7 -5.2 69 95
Savita Oil Tech 6.1 -32.3 68 99

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