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Activity Near The Key Moving Averages, 30th Sept 2021 | MarketSmith India

Author: MarketSmith India

September 30 2021 | Reading Time: 10 Minutes
Linde India
 
Linde India 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 232.6% as compared to 55.5% 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, Linde India stock fell -2.5%, undercutting its 21-day moving average. It closed -0.4% 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.
Hikal Ltd. 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 223.5% as compared to 55.5% for the Nifty500. The EPS Rank of 95 is exceptional indicating strong outperformance in earnings growth.
Today, Hikal Ltd. stock fell -2.3%, undercutting its 50-day moving average. It closed -2.3% 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.
Deepak Nitrite 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 189.7% as compared to 55.5% for the Nifty500. The EPS Rank of 96 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 stock closed 1.7% 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.
Balaji Amines 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 470.9% as compared to 55.5% for the Nifty500. The EPS Rank of 96 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, Balaji Amines stock fell -1.9%, undercutting its 21-day moving average. It closed -0% 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.
Persistent Systems 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 171.7% as compared to 55.5% for the Nifty500. The EPS Rank of 87 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 Persistent Systems has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.1% up on a 31% 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.
Radico Khaitan Ltd. has rallied nearly 119.2% as compared to 55.5% 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 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, Radico Khaitan Ltd. stock fell -0.7%, 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.

Jsw Steel has rallied nearly 141% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 66 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, Jsw Steel stock fell -1.7%, undercutting its 21-day moving average. It closed -1.4% 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.
Greenlam Industries has rallied nearly 88.7% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 65 which is a respectable rating, but needs improvement. The EPS Rank of 88 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, Greenlam Industries stock sliced through the 21-day moving average line. The stock closed -0.8% up on a 283.2% 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.
Tci Express has rallied nearly 82.4% as compared to 55.5% 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 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, Tci Express stock closed 4.2% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 4.1% 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.
Polycab India 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 185.1% as compared to 55.5% for the Nifty500. The EPS Rank of 82 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 Polycab India has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.3% up on a 0.7% 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.
Vardhman Textiles has rallied nearly 120.5% as compared to 55.5% 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 67 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, Vardhman Textiles stock closed 3.6% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 0.6% 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.
Gufic Biosciences Ltd has rallied nearly 118.9% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 65 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, Gufic Biosciences Ltd stock closed 0.5% 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.
Clariant Chemicals has rallied nearly 69.1% as compared to 55.5% 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 87 is exceptional indicating 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, Clariant Chemicals stock fell -0.8%, 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.
Morepen Labs. has rallied nearly 137.2% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 67 which is a respectable rating, but needs improvement. The EPS Rank of 95 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.
Pnc Infratech has rallied nearly 124.6% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 72 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 Pnc Infratech has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 10.9% up on a 34.1% 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.
Orient Cement Ltd. has rallied nearly 164.7% as compared to 55.5% 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 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 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 fell -1.3%, undercutting its 21-day moving average. It closed -0.4% 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.
Adani Enterprises Ltd 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 382.1% as compared to 55.5% for the Nifty500. The EPS Rank of 90 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, Adani Enterprises Ltd stock fell -1.5%, undercutting its 50-day moving average. It closed -0.5% 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.
Galaxy Surfacta. has rallied nearly 69.1% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 52 which is a respectable rating, but needs improvement. The EPS Rank of 90 is exceptional indicating strong outperformance in earnings growth.
Institutional sponsorship looks good for the stock, 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 Surfacta. stock closed 3.5% 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.
Dollar Industries has rallied nearly 153.7% as compared to 55.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 72 which is a respectable rating, but needs improvement. The EPS Rank of 57 is poor and 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, Dollar Industries stock closed 3.5% up, reclaiming its 21-day moving average. It closed 1.1% 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.

Sunflag Iron has rallied nearly 93.1% as compared to 55.5% 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 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, Sunflag Iron stock closed 0.1% 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.
DailyFlag Name Price % Chg Vol % Chg RS Line EPS Rank
21SMABreak
 Linde India -2.5 -78 87 99
Balaji Amines -1.9 -75.4 95 96
Jsw Steel -1.7 -29.5 66 93
Greenlam Industries -0.8 283.2 65 88
Clariant Chemicals -0.8 -60.1 54 87
Morepen Labs. 0.1 -51.3 67 95
Orient Cement Ltd. -1.3 -40.6 75 70
21SMASupport
 Deepak Nitrite 1.7 -49.4 82 96
Persistent Systems 5.1 31 80 87
Polycab India 2.3 0.7 80 82
Pnc Infratech 10.9 34.1 72 92
Galaxy Surfacta. 3.5 -4 52 90
Dollar Industries 3.5 -31.6 72 57
Sunflag Iron 0.1 -78.7 51 87
50SMABreak
 Hikal Ltd. -2.3 -77.5 93 95
Radico Khaitan Ltd. -0.7 -24.6 71 95
Adani Enterprises Ltd -1.5 -46.9 89 90
50SMASupport
 Tci Express 4.2 -21.9 59 99
Vardhman Textiles 3.6 -48.9 69 67
Gufic Biosciences Ltd 0.5 -84 65 96

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