MarketsmiIndia Daily Updates: Activity Near The Key Moving Averages

Posted Date: June 18 2021

Jsw Steel

 

Jsw Steel 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 258.4% as compared to 54.5% 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Jsw Steel stock fell -3.3%, undercutting its 50-day moving average. It closed -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.

 

Steel Authority of India

 

Steel Authority of India 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 325.5% as compared to 54.5% for the Nifty500. The EPS Rank of 93 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 fell -3.7%, undercutting its 21-day moving average. It closed -1.6% 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.

 

Kpr Mill Ltd.

 

Kpr Mill Ltd. 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 203.4% as compared to 54.5% 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, Kpr Mill Ltd. stock fell -0.5%, 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.

 

Tata Elxsi Ltd.

 

Tata Elxsi Ltd. 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 326.8% as compared to 54.5% for the Nifty500. 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 few 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, Tata Elxsi Ltd. stock fell -2.5%, undercutting its 21-day moving average. It closed -0.6% 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.

 

Jindal Stainless (Hisar)

 

Jindal Stainless (Hisar) has rallied nearly 181.4% as compared to 54.5% 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.

 

Today, Jindal Stainless ((Hisar) stock fell -2.3%, 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.

 

Supreme Industries

 

Supreme Industries has rallied nearly 97% as compared to 54.5% 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 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, Supreme Supreme Industries stock sliced through the 21-day moving average line. The stock closed -4.5% up on a 102.6% 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.

 

Thirumalai Chemicals

 

 Thirumalai Chemicals has rallied nearly 193.1% as compared to 54.5% 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 strong institutional support. The Accumulation/Distribution Rating of A+ represents heavy institutional buying over the past few 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, Thirumalai Chem. stock fell -2.3%, undercutting its 21-day moving average. It closed -1.3% 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.

 

Century Plyboards

 

Century Plyboards 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 244.1% as compared to 54.5% for the Nifty500. The EPS Rank of 84 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, Century Plyboards stock closed 0.8% 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.

 

Visaka Industries

 

 Visaka Industries has rallied nearly 161.9% as compared to 54.5% 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 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, Visaka Indus. stock fell -1.7%, 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.

 

Kalyani Steel

 

Kalyani Steel has rallied nearly 91.9% as compared to 54.5% 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 90 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of A. This represents heavy institutional buying over the past few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Kalyani Steel stock fell -1.2%, undercutting its 50-day moving average. It closed -0.3% 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.

 

Intellect Design Arena

 

 Intellect Design Arena 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 529.8% as compared to 54.5% for the Nifty500. 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, Intellect Design stock fell -3.2%, undercutting its 21-day moving average. It closed -2.4% 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.

 

Jindal Saw

 

Jindal Saw has rallied nearly 78.6% as compared to 54.5% 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.

 

Today, Jindal Saw stock fell -2.7%, undercutting its 21-day moving average. It closed -2.9% 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 91.1% as compared to 54.5% 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 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, Upl stock sliced through the 21-day moving average line. The stock closed -2.9% up on a 4.5% 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.

 

Tinplate Co.Of India

 

Tinplate Co.Of India has rallied nearly 63.6% as compared to 54.5% 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 81 is exceptional indicating outperformance in earnings growth.

 

Today, Tin Plate Co. stock fell -0.6%, 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.

 

Balrampur Chini Mls

 

 Balrampur Chini Mls 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 156.6% as compared to 54.5% for the Nifty500. The EPS Rank of 56 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, Balrampur Chini stock fell -3.9%, undercutting its 21-day moving average. It closed -0.1% 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.

 

Tata Metaliks

 

Tata Metaliks has rallied nearly 126% as compared to 54.5% 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 72 is fair, but needs improvement.

 

The stock has strong institutional support. The Accumulation/Distribution Rating of A+ represents heavy institutional buying over the past few 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, Tata Metaliks stock fell -2.7%, 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.

 

Carborundum Universal

 

 Carborundum Universal has rallied nearly 121.2% as compared to 54.5% 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 81 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, Carborundum Universal stock closed 1.3% 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.

 

Jindal Stainless

 

Jindal Stainless has rallied nearly 151.4% as compared to 54.5% 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 70 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 Stainless stock sliced through the 21-day moving average line. The stock closed -2.2% up on a 34.6% 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.

 

Sundaram Fasteners 

 

Sundaram Fasteners has rallied nearly 117.7% as compared to 54.5% 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 84 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, Sundaram Fasten. stock sliced through the 21-day moving average line. The stock closed -2.3% up on a 125.3% 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.

 

 Vedanta

 

Vedanta has rallied nearly 148.2% as compared to 54.5% 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 59 is poor and needs improvement.

 

Today, Vedanta stock sliced through the 50-day moving average line. The stock closed -3.6% up on a 46.3% 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.

 
NamePct Chg (%)Vol Pct Chg (%)
 
Jsw Steel -3.3 -23.6
Steel Authority -3.7 -0.8
Kpr Mill Ltd. -0.5 -54.5
Tata Elxsi Ltd. -2.5 -35.2
Jindal Stainless (Hi -2.3 -33.8
Supreme Inds. -4.5 102.6
Thirumalai Chem. -2.3 -25
Century Plyboards 0.8 -36.5
Visaka Indus. -1.7 -65.5
Kalyani Steel -1.2 -49.1
Intellect Design -3.2 -23
Jindal Saw -2.7 -30.4
Upl -2.9 4.5
Tin Plate Co. -0.6 -52.2
Balrampur Chini -3.9 -41.5
Tata Metaliks -2.7 -71.1
Carborundum Uni. 1.3 -19.4
Jindal Stainless -2.2 34.6
Sundaram Fasten. -2.3 125.3
Vedanta -3.6 46.3

What do you think? Please email us any questions or comments.

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