Activity Near The Key Moving Averages On 07July2021| Marketsmith India

July 07 2021
Steel Authority of india
 
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 233.6% as compared to 48.6% for the Nifty500. 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, Steel Authority stock closed 4.1% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 0.8% 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.
 
Jsw Steel
 
Jsw Steel has rallied nearly 248.2% as compared to 48.6% 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 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, Jsw Steel stock closed 2.6% 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.
 
Dwarikesh Sugar
 
Dwarikesh Sugar has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 90. In the last twelve months, the stock has soared over 203.5% as compared to 48.6% for the Nifty500. The EPS Rank of 49 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 -2%, 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.
 
Filatex India
 
Filatex India has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 88. In the last twelve months, the stock has rallied over 296.2% as compared to 48.6% for the Nifty500. The EPS Rank of 97 is exceptional indicating strong outperformance in earnings growth.
 
Today, Filatex India stock closed 4.5% 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.
 
Elecon Engineering
 
Elecon Engineering 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 394.2% as compared to 48.6% for the Nifty500. The EPS Rank of 77 is fair, but needs improvement.
 
Today, Elecon Engineering stock fell -0.4%, undercutting its 21-day moving average. It closed -0.7% 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.
 
Minda Industries
 
Minda Industries has rallied nearly 112.6% as compared to 48.6% 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 81 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, Minda Industries stock fell -1.8%, undercutting its 21-day moving average. It closed -0.7% 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.
 
Sunflag Iron & Steel
 
Sunflag Iron & Steel has rallied nearly 96.8% as compared to 48.6% 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 88 is exceptional indicating outperformance in earnings growth.
 
Today, Sunflag Iron stock closed 3.1% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 1.5% 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.
 
Mayur Uniquoters
 
Mayur Uniquoters has rallied nearly 127.4% as compared to 48.6% 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 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 Mayur Uniquoters has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.9% up on a 235.6% 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.
 
Elgi Equipments
 
Elgi Equipments has rallied nearly 163.7% as compared to 48.6% 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 84 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 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, Elgi Equipments stock closed 1.3% 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 Steel & Pwr
 
Jindal Steel & Pwr has rallied nearly 131.2% as compared to 48.6% 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 79 is fair, but needs improvement.
 
Institutional sponsorship looks good for the stock, 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 Steel & Pwr stock closed 2.4% 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.
 
Aarti Industries
 
Aarti Industries has rallied nearly 81.2% as compared to 48.6% 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 88 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 Aarti Ind. Ltd has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 1.7% up on a 0.9% 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.
 
Jamna Auto Inds.
 
Jamna Auto Inds. has rallied nearly 167.6% as compared to 48.6% 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 76 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, Jamna Auto Inds. stock fell -1.5%, 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.
 
Upl
 
Upl has rallied nearly 84% as compared to 48.6% 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 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, Upl stock closed 1.7% up, reclaiming its 21-day moving average. It closed 0.3% 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.
 
Sequent Scientific
 
Sequent Scientific has rallied nearly 202.8% as compared to 48.6% 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 91 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, Sequent Scientific stock fell -1.4%, 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.
 
Sanghi Industries
 
Sanghi Industries has rallied nearly 124% as compared to 48.6% 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 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, Sanghi Industries stock closed 0.5% up, reclaiming its 21-day moving average. It closed 0.6% 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.
 
Ester India
 
Ester India has rallied nearly 132.9% as compared to 48.6% 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 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 Ester India has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.8% up on a 85% 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.
 
Automotive Axles
 
Automotive Axles has rallied nearly 135.2% as compared to 48.6% 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 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, Automotive Axles stock fell -1.1%, 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.
 
Shriram City Union Fin
 
Shriram City Union Fin has rallied nearly 140.9% as compared to 48.6% 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 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 Shriram City Union Fin has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.5% up on a 30.4% 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.
 
Solara Active Pharma
 
Solara Active Pharma has rallied nearly 160.2% as compared to 48.6% 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 49 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, Solara Active Pharma stock fell -1.4%, 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.
 
Abb India
 
Abb India has rallied nearly 91.7% as compared to 48.6% 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 72 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, Abb 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.
 
Name Pct Chg (%) Vol Pct Chg (%)
Steel Authority of India 4.1 -12.5
Jsw Steel 2.6 -31.8
Dwarikesh Sugar -2 -67.3
Filatex India 4.5 -14.8
Elecon Engg. -0.4 -47
Minda Industries -1.8 -52.5
Sunflag Iron 3.1 -18.2
Mayur Uniquoters 4.9 235.6
Elgi Equipments 1.3 -24
Jindal St & Pwr 2.4 -13.4
Aarti Ind. Ltd 1.7 0.9
Jamna Auto Inds. -1.5 -70.3
Upl 1.7 -38.9
Sequent Scientific -1.4 -22.7
Sanghi Industrie 0.5 -61.1
Ester India 2.8 85
Automotive Axles -1.1 -88.3
Shriram City Uni 2.5 30.4
Solara Active Pharma -1.4 -69.6

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