Activity Near The Key Moving Averages On 12 July 2021| Marketsmith India

Author: Mayuresh JoshiPawan JaiswalRahi Masoom Raza

Posted Date: July 12 2021

Bhansali Engg.Po

Stock  has rallied nearly 270.1% as compared to 47.7% 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 99 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, Bhansali Engg.Po stock sliced through the 21-day moving average line. The stock closed -5% up on a 78.1% 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.

Mastek

Mastek Li 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 471% as compared to 47.7% for the Nifty500. The EPS Rank of 98 is exceptional indicating strong outperformance in earnings growth.

Today, Mastek Li stock closed 3.7% up, reclaiming its 21-day moving average. It closed 2.2% 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.

Jsw Steel

Jsw Steel has rallied nearly 252.6% as compared to 47.7% 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 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 has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 1.6% up on a 7.1% 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.

Fineotex Chemical

Fineotex Chemical Lt has rallied nearly 187.7% as compared to 47.7% 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 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 Fineotex Chemical Lt has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 1.1% up on a 25.1% 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.

Polycab India

Polycab India has rallied nearly 132.3% as compared to 47.7% 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 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.

Today, Polycab India stock fell -0.7%, 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.

Sms Pharmaceuticals

Sms Pharmaceuticals has rallied nearly 146.1% as compared to 47.7% 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 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, Sms Pharmaceuticals stock fell -1.9%, undercutting its 21-day moving average. It closed -1.5% 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.

Mindtree Ltd.

Mindtree Ltd. has rallied nearly 151.6% as compared to 47.7% 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 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, Mindtree Ltd. stock fell -1.5%, 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.

Sunflag Iron & steel

 Sunflag Iron & steel has rallied nearly 103.2% as compared to 47.7% 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 88 is exceptional indicating outperformance in earnings growth.

Today, Sunflag Iron stock sliced through the 21-day moving average line. The stock closed -1.4% up on a 1.9% 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.

Adani Enterprises 

Adani Enterprises has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 97. In the last twelve months, the stock has soared over 796.3% as compared to 47.7% for the Nifty500. The EPS Rank of 67 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, Adani Enterprises Ltd stock fell -0.7%, 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.

Jamna Auto Inds.

Jamna Auto Inds. has rallied nearly 164.9% as compared to 47.7% 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 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 closed 1.7% up, reclaiming its 21-day moving average. It closed 1.2% 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.

Gallantt Ispat Ltd.

Gallantt Ispat Ltd. has rallied nearly 83.2% as compared to 47.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 53 which is a respectable rating, but needs improvement. The EPS Rank of 94 is exceptional indicating strong outperformance in earnings growth.

Today, Gallantt Ispat Ltd. stock closed 3.8% 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..

Basf India 

Basf India Lt has rallied nearly 117.3% as compared to 47.7% 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 86 is exceptional indicating outperformance in earnings growth.

Today, Basf India Ltd stock closed 1.2% up, reclaiming its 21-day moving average. It closed 0.7% 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.

Adf Foods Ltd.

Adf Foods Ltd. has rallied nearly 217.1% as compared to 47.7% 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 93 is exceptional indicating strong outperformance in earnings growth.

Today, Adf Foods Ltd. stock closed 0.9% 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.

Jsw Holdings

Jsw Holdings has rallied nearly 142.8% as compared to 47.7% 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 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 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, Jsw Holdings stock closed 3.5% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 2.4% 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.

Sanghi Industries

Sanghi Industries has rallied nearly 120.9% as compared to 47.7% 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 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 has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 6.9% up on a 225.7% 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.

Prakash Indus.

Prakash Indus. has rallied nearly 128.9% as compared to 47.7% 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 70 is fair, but needs improvement.

Today Prakash Indus. has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 1.6% up on a 6.9% 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.

Prism Johnson

Prism Johnson has rallied nearly 160.9% as compared to 47.7% 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 86 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 Prism Johnson has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.1% up on a 207.3% 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.

Capri Global Capital

Capri Global Capital has rallied nearly 213.6% as compared to 47.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 76 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 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, Capri Global Capital stock fell -1.8%, 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.

Cyient Ltd.

Cyient Ltd. has rallied nearly 240.4% as compared to 47.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 76 which is a respectable rating, but needs improvement. The EPS Rank of 71 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, Cyient Ltd. stock sliced through the 21-day moving average line. The stock closed -0.1% up on a 103.4% 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.

 
Daily Flag Name Pct Chg (%) Val Chg in (%) Rs Rank ESP Rank
21SMABreak
Bhansali Engg.Po -5 78.1 72 99
Polycab India -0.7 -59.6 72 95
Sms Pharmaceuticals -1.9 -51.5 64 91
Mindtree Ltd. -1.5 -47 61 92
Sunflag Iron -1.4 1.9 54 88
Apollo Pipes -1.9 -13.7 74 92
Capri Global Capital -1.8 -71.4 76 80
Cyient Ltd. -0.1 103.4 76 71
21SMASupport
Jsw Steel 1.6 7.1 77 96
Mastek Li 3.7 -42.8 90 98
Fineotex Chemical Lt 1.1 25.1 77 81
Jamna Auto Inds. 1.7 -63.9 64 76
Gallantt Ispat Ltd. 3.8 -26.1 53 94
Basf India Lt 1.2 -78.1 61 86
Adf Foods Ltd. 0.9 -5.5 61 93
Sanghi Industrie 6.9 225.7 62 84
50SMABreak Adani Enterprises Ltd -0.7 -76.4 97 67
50SMASupport
Jsw Holdings 3.5 -82.7 64 87
Prakash Indus. 1.6 6.9 56 70
Prism Johnson 4.1 207.3 63 86

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