Activity Near The Key Moving Averages, 3rd August, 2021| MarketSmith India

Author: MarketSmith India

Posted Date: August 03 2021 | Reading Time: 15 Minutes

Tata Elxsi

 

Tata Elxsi 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 326.5% as compared to 43.6% for the Nifty500. The EPS Rank of 91 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, Tata Elxsi stock closed 2.3% up, reclaiming its 21-day moving average. It closed 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.

 

Jk Lakshmi Cement 

 

Jk Lakshmi Cement L has rallied nearly 136.9% as compared to 43.6% 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 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 Lakshmi Cement L stock fell -1%, 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.

 

Morepen Labs

 

Morepen Labs.Lt has rallied nearly 181.1% as compared to 43.6% 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 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, Morepen Labs.Lt stock fell -1.7%, undercutting its 50-day moving average. It closed -1.2% 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.

 

Prince Pipes & Fitting

 

Prince Pipes & Fitting 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 402.5% as compared to 43.6% 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 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 Prince Pipes & Fitti has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.9% up on a 83.8% 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.

 

Firstsource Solution

 

Firstsource Solution 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 266.6% as compared to 43.6% for the Nifty500. The EPS Rank of 70 is fair, but needs improvement.

 

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 Firstsource Solution has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.6% up on a 124.4% 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.

 

Dalmia Bharat 

 

Dalmia Bharat L has rallied nearly 182.9% as compared to 43.6% 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 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, Dalmia Bharat L stock sliced through the 21-day moving average line. The stock closed -1.1% up on a 71.9% 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.

 

Ineos Styrolution

 

Ineos Styrolution has rallied nearly 171.5% as compared to 43.6% 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 78 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 has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 1.7% up on a 0.8% 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.

 

Confidence Petroleum

 

Confidence Petroleum has rallied nearly 223.8% as compared to 43.6% 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 98 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, Confidence Petroleum stock fell -1.5%, 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.

 

Camlin Fine Sciences

 

Camlin Fine Sciences has rallied nearly 138.4% as compared to 43.6% 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 82 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, Camlin Fine Sciences stock fell -3.1%, undercutting its 50-day moving average. It closed -1.5% 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.

 

Elgi Equipments

 

Elgi Equipments has rallied nearly 164.8% as compared to 43.6% 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 84 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, Elgi Equipment stock sliced through the 50-day moving average line. The stock closed -7.2% up on a 314.2% greater volume than the 50-day average. A rallying stock that collapses below 50-day support in heavy volume is often sending a sell signal. Once below that line, big investors may use the 50-day line to mark a sell level, creating a level of resistance. You may want to watch the stock carefully for further weakness.

 

Bharat Electronic

 

Bharat Electronics has rallied nearly 85.3% as compared to 43.6% 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 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, Bharat Electronics stock fell -0.7%, undercutting its 21-day moving average. It closed -0.3% 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.

 

Finolex Cables

 

Finolex Cables has rallied nearly 95.5% as compared to 43.6% 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 84 is exceptional indicating outperformance in earnings growth.

 

Today, Finolex Cables stock fell -1%, undercutting its 21-day moving average. It closed -0.3% 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.

 

Prism Johnson

 

Prism Johnson has rallied nearly 202.9% as compared to 43.6% 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 76 is fair, but needs improvement.

 

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, Prism Johnson stock fell -1.5%, 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.

 

Ptc India

 

Ptc India has rallied nearly 90.2% as compared to 43.6% 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 83 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, Ptc India stock fell -1%, 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.

 

Avt Natural Prod

 

Avt Natural Prod has rallied nearly 75.8% as compared to 43.6% 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 84 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, Avt Natural Prod stock fell -0.6%, undercutting its 21-day moving average. It closed -0.8% 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.

 

Vaibhav Global

 

Vaibhav Global has rallied nearly 139.7% as compared to 43.6% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 60 which is a respectable rating, but needs improvement. 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, Vaibhav Global stock sliced through the 50-day moving average line. The stock closed -2.3% up on a 0.7% greater volume than the 50-day average. A rallying stock that collapses below 50-day support in heavy volume is often sending a sell signal. Once below that line, big investors may use the 50-day line to mark a sell level, creating a level of resistance. You may want to watch the stock carefully for further weakness.

 

Ncc

 

Ncc has rallied nearly 181.3% as compared to 43.6% 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 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, Ncc stock closed 1.7% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 1.1% 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.

 

Jindal Worldwide

 

Jindal Worldwide has rallied nearly 65.9% as compared to 43.6% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 50 which is a respectable rating, but needs improvement. 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 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, Jindal Worldwide stock fell -1.3%, undercutting its 21-day moving average. It closed -1.8% 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.

 

Ahluwalia Contra

 

Ahluwalia Contra has rallied nearly 78.4% as compared to 43.6% 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 60 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, Ahluwalia Contra stock fell -2.2%, 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.

 

Indian Bank

 

Indian Bank has rallied nearly 136.5% as compared to 43.6% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 63 which is a respectable rating, but needs improvement. The EPS Rank of 70 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, Indian Bank stock closed 1.6% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 0.1% 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.


Daily Flag Name Pct Chg (%) Vol Pct Chg (%) RS Line EPS Rank
21SMABreak
Jk Lakshmi Cement L -1 -44 74 95
Dalmia Bharat L -1.1 71.9 73 95
Confidence Petroleum -1.5 -46.3 68 98
Bharat Electroni -0.7 -62.4 56 88
Finolex Cables -1 -49.7 57 84
Prism Johnson -1.5 -20.5 61 76
Ptc India -1 -60.9 57 83
Avt Natural Prod -0.6 -52.7 61 84
Jindal Worldwide -1.3 -30 50 76
Ahluwalia Contra -2.2 -75.6 54 60
21SMASupport
Tata Elxsi 2.3 -8.2 80 91
Firstsource Solution 4.6 124.4 84 70
50SMABreak
Morepen Labs.Lt -1.7 -63 68 96
Camlin Fine Sciences -3.1 -41.5 62 82
Elgi Equipments -7.2 314.2 58 84
Vaibhav Global -2.3 0.7 60 96
50SMASupport
Prince Pipes & Fitting 2.9 83.8 89 99
Ineos Styrolution 1.7 0.8 68 78
Max Healthcare Institute 145.6 4900 71 60
Ncc 1.7 -9.9 66 82
Indian Bank 1.6 -40.1 63 70

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