MarketsmiIndia Daily Updates: Activity Near The Key Moving Averages

June 29 2021

Astral Ltd

 

Astral Ltd has rallied nearly 164.3% as compared to 50.3% 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 98 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, Astral Ltd stock fell -0.8%, 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.

 

Deepak Nitrite

 

Deepak Nitrite 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 270.8% as compared to 50.3% for the Nifty500. The EPS Rank of 95 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, Deepak Nitrite stock fell -0.9%, 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.

 

Prince Pipes & Fitting

 

Prince Pipes & Fitting has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 94. In the last twelve months, the stock has soared over 516.4% as compared to 50.3% for the Nifty500. 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, Prince Pipes & Fitti stock closed 0.68% up, reclaiming its 21-day moving average. It closed 0.1% 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.

 

Hil

 

Hil 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 288.9% as compared to 50.3% 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, Hil stock fell -0.5%, 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.

 

Morepen Laboratories

 

Morepen Laboratories has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 86. In the last twelve months, the stock has rallied over 158.2% as compared to 50.3% for the Nifty500. The EPS Rank of 98 is exceptional indicating strong outperformance in earnings growth.

 

Today, Morepen Labs.Lt stock closed 2.7% up, reclaiming its 21-day moving average. It closed 1.7% 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.

 

Hg Infra Engineering

 

Hg Infra Engineering has rallied nearly 93.7% as compared to 50.3% 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 98 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 Hg Infra Engineering has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 4.7% up on a 27.1% 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.

 

Jindal St & Pwr

 

Jindal St & Pwr has rallied nearly 165.7% as compared to 50.3% 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 80 is exceptional indicating outperformance in earnings growth.

 

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 St & Pwr 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.

 

Hindalco Industries

 

Hindalco Industries has rallied nearly 161.1% as compared to 50.3% 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 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, Hindalco Indus. stock fell -2.1%, 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.

 

Sterlite Technologie

 

Sterlite Technologie has rallied nearly 107.3% as compared to 50.3% 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 87 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, Sterlite Technologie stock fell -1.6%, undercutting its 21-day moving average. It closed -1.2% 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.

 

Sudarshan Chemicals

 

Sudarshan Chemicals has rallied nearly 76.9% as compared to 50.3% 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 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, Sudarshan Chemicals stock fell -1.3%, 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.

 

Sunflag Iron & Steel

 

Sunflag Iron & Steel has rallied nearly 115.8% as compared to 50.3% 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.

 

Today, Sunflag Iron stock fell -2.3%, 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.

 

Sms Pharmaceuticals

 

Sms Pharmaceuticals has rallied nearly 172.5% as compared to 50.3% 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 91 is exceptional indicating strong outperformance in earnings growth.

 

Today, Sms Pharmaceuticals 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.

 

Galaxy Surfactants 

 

Galaxy Surfactants  has rallied nearly 89.2% as compared to 50.3% 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 94 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 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, Galaxy Surfactants  stock fell -0.7%, 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.

 

Birla Corporation

 

Birla Corporation Lt has rallied nearly 102.9% as compared to 50.3% 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 94 is exceptional indicating strong outperformance in earnings growth.

 

Today, Birla Corporation Lt stock fell -1.8%, 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.

 

Sonata Software

 

Sonata Software 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 198.7% as compared to 50.3% for the Nifty500. 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 Sonata Software has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 6.8% up on a 70.1% 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.

 

Ksb

 

Ksb has rallied nearly 96.7% as compared to 50.3% 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 90 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 Ksb has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 8.4% up on a 601.5% 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.

 

Geojit Financial

 

Geojit Financial has rallied nearly 98.5% as compared to 50.3% 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 83 is exceptional indicating outperformance in earnings growth.

 

Today, Geojit Financial stock closed 3% 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.

 

Vedanta

 

Vedanta has rallied nearly 151.5% as compared to 50.3% 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 59 is poor and needs improvement.

 

Today, Vedanta stock fell -0.6%, 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.

 

Basf India Ltd

 

Basf India Ltd has rallied nearly 106.5% as compared to 50.3% 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 58 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, Basf India Ltd stock fell -0.9%, 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.

 
Name                   PctChg (%)      Vol Chg (%)
 
Astral Ltd -0.8 -23.5
Deepak Nitrite -0.9 -51.2
Prince Pipes & Fitti 0.7 -9.3
Hil -0.5 -57.5
Morepen Labs.Lt 2.7 -51.3
Angel Broking 5.5 -23.3
Hg Infra Engineering 4.7 27.1
Jindal St & Pwr -2.2 -49.6
Hindalco Indus. -2.1 -50.8
Sterlite Technologie -1.6 -64.7
Sudarshan Chem. -1.3 -86.1
Sunflag Iron -2.3 -73.7
Sms Pharmaceuticals -1.1 -77.8
Galaxy Surfacta. -0.7 -52.8
Birla Corporation Lt -1.8 -77.9
Sonata Software 6.8 70.1
Ksb 8.4 601.5
Geojit Financial 3 -30.1
Vedanta -0.6 -52
Basf India Lt -0.9 -60.8

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