Marketsmith India Daily Updates: Activity Near The Key Moving Averages

Posted Date: June 09 2021

Jsw Steel

Jsw Steel 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 274.4% as compared to 58.9% 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 -1.3%, 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.

 

Intellect Design

Intellect Design 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 776.8% as compared to 58.9% 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Intellect Design stock fell -2.7%, 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.

 

Visaka Industries 

Visaka Industries 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 191.3% as compared to 58.9% 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today Visaka Indus has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.5% up on a 74.6% 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.

 

Dalmia Bharat

Dalmia Bharat  has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 83. In the last twelve months, the stock has rallied over 217.3% as compared to 58.9% 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Dalmia Bharat L stock fell -1.8%, 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.

 

Camlin Fine Sciences

Camlin Fine Sciences has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 83. In the last twelve months, the stock has rallied over 318.2% as compared to 58.9% for the Nifty500. 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today Camlin Fine Sciences has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.4% up on a 50.8% 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 198.7% as compared to 58.9% 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 85 is exceptional indicating outperformance in earnings growth.

 

The stock has a 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, Elgi Equipments stock sliced through the 21-day moving average line. The stock closed -1.1% up on a 21.5% 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.

 

Apollo Pipes

Apollo Pipes 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 208.2% as compared to 58.9% for the Nifty500. The EPS Rank of 93 is exceptional indicating strong outperformance in earnings growth.

 

The stock has a strong institutional support. The Accumulation/Distribution Rating of B+ 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, Apollo Pipes stock fell -2.1%, 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.

 

Ester Industries 

 Ester Industries has rallied nearly 258.4% as compared to 58.9% 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 89 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 Ester India has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 6.7% up on a 69.6% 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.

 

Nava Bharat Ventures

Nava Bharat Ventures has rallied nearly 148.9% as compared to 58.9% 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 93 is exceptional indicating strong outperformance in earnings growth.

 

Today, Nava Bharat Ventures 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.

 

Ramco Systems

Ramco Systems has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 91. In the last twelve months, the stock has soared over 355.6% as compared to 58.9% for the Nifty500. The EPS Rank of 91 is exceptional indicating strong outperformance in earnings growth.

 

Today, Ramco Systems Lt stock fell -1.9%, 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.

 

Indian Energy Exchange

Indian Energy Exchange has rallied nearly 116.1% as compared to 58.9% 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 92 is exceptional indicating strong outperformance in earnings growth.

 

The stock has a 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, Indian Energy Exchange stock sliced through the 50-day moving average line. The stock closed -3.2% up on a 16.4% 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.

 

Orient Cement Ltd. 

Orient Cement Ltd. has rallied nearly 134.3% as compared to 58.9% 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 70 is fair, but needs improvement.

 

The stock has a 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, Orient Cement Ltd. stock fell -4.7%, 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.

 

Advanced Enzyme Tech

Advanced Enzyme Tech has rallied nearly 146.1% as compared to 58.9% 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 83 is exceptional indicating outperformance in earnings growth.

 

The stock has an Accumulation/Distribution Rating of B+. 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, Advanced Enzyme Tech stock fell -2.1%, undercutting its 50-day moving average. It closed -0.6% 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.

 

Page Industries Ltd

Page Industries Ltd has rallied nearly 67% as compared to 58.9% 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 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, Page Industries Ltd. stock fell -2.5%, 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.

 

Valiant Organics

Valiant Organics has rallied nearly 137.2% as compared to 58.9% 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.

 

The stock has a strong institutional support. The Accumulation/Distribution Rating of B+ 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, Valiant Organics stock fell -2.9%, 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.

 

Bharat Rasayan

Bharat Rasayan has rallied nearly 82.9% as compared to 58.9% 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 90 is exceptional indicating strong outperformance in earnings growth.

 

Today, Bharat Rasayan stock fell -0.9%, undercutting its 21-day moving average. It closed -0.03% 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.

 

Steel Strips Wheels

Steel Strips Wheels has rallied nearly 116.3% as compared to 58.9% 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 75 is fair, but needs improvement.

 

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, Steel Strips Wheels stock fell -1.7%, 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.

 

Himatsingka Seide

Himatsingka Seide has rallied nearly 171% as compared to 58.9% 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 75 is fair, but needs improvement.

 

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, Himatsingka Seide stock sliced through the 21-day moving average line. The stock closed -3% up on a 87.9% 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.

 

Jindal Poly Films

Jindal Poly Films has rallied nearly 154.5% as compared to 58.9% 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 59 is poor and needs improvement.

 

The stock has an Accumulation/Distribution Rating of B. 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 Jindal Poly Films has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 7.9% up on a 560.7% 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.

Alembic 

Alembic  has rallied nearly 103.7% as compared to 58.9% 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 73 is fair, but needs improvement.

 

The stock has a 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, Alembic Ltd. stock fell -3.2%, undercutting its 21-day moving average. It closed -0.9% 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.

 
Symbol Name Pct Chg (%)  Vol Chg (%)
JVS.IN Jsw Steel -1.3 -64
OLF.IN Intellect Design -2.7 -6.2
VSI.IN Visaka Industries 5.5 74.6
OC.IN Dalmia Bharat L -1.8 -80.9
CMF.IN Camlin Fine Sciences 3.4 50.8
ELG.IN Elgi Equipments -1.1 21.5
AYL.IN Apollo Pipes -2.1 -50.3
ETI.IN Ester India 6.7 69.6
NBF.IN Nava Bharat Ventures -2 -54.8
RMC.IN Ramco Systems Lt -1.9 -44.2
@IN.IN Indian Energy Exchan -3.2 16.4
OYR.IN Orient Cement Ltd. -4.7 -53.9
AV1.IN Advanced Enzyme Tech -2.1 -17.2
PI1.IN Page Industries Ltd -2.5 -35.4
VO1.IN Valiant Organics -2.9 -8.6
BRY.IN Bharat Rasayan -0.9 -63.1
SW.IN Steel Strips Wheels -1.7 -58.2
HSE.IN Himatsingka Seid -3 87.9
JIN.IN Jindal Poly Films 7.9 560.7
LEM.IN Alembic Ltd. -3.2 -48.2

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Disclaimer: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. It is for educational purposes only.For more information, see our Legal disclosures here.
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