Marketsmith India Daily Updates: Activity Near The Key Moving Averages

Posted Date: June 10 2021

Jsw Steel

 

Jsw Steel 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 269.3% as compared to 57.8% 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 closed 1.14% 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.

 

Jindal Stainless

 

Jindal Stainless has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of76. In the last twelve months, the stock has rallied over 248% as compared to 57.8% for the Nifty500. The EPS Rank of 71 is exceptional indicating strong outperformance in earnings growth.

 

Today Jindal Stainless has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 8.67% up on a 291.43% 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.

 

Poly Medicure

 

Poly Medicure  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 236% as compared to 57.8% for the Nifty500. The EPS Rank of 94 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, Poly Medicure Lt 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.

 

Grindwell Norton

 

Grindwell Norton has rallied nearly 129.8% as compared to 57.8% 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 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, Grindwell Norton stock closed 1.34% 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.

 

Steel Authority

 

Steel Authority 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 310% as compared to 57.8% for the Nifty500. The EPS Rank of 67 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 Authority stock closed 3.3% up, reclaiming its 21-day moving average. It closed 3.2% 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.

 

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 97. In the last twelve months, the stock has soared over 752.7% as compared to 57.8% 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 closed 2.2% up, reclaiming its 21-day moving average. It closed 1.9% 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.

 

Kalyani Steel

 

Kalyani Steel has rallied nearly 101.8% as compared to 57.8% 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 90 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, Kalyani Steel stock closed 3.30% 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.

 

Dalmia Bharat 

 

Dalmia Bharat  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 211.2% as compared to 57.8% 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 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Dalmia Bharat L stock closed 2.4% 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.

 

Jindal Stainless

 

Jindal Stainless has rallied nearly 181.4% as compared to 57.8% 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 a strong institutional support. The Accumulation/Distribution Rating of B 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 Jindal Stainless has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 8.7% up on a 291.4% 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.

 

Sunflag Iron

 

Sunflag Iron has rallied nearly 118.3% as compared to 57.8% 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 89 is exceptional indicating outperformance in earnings growth.

 

Today, Sunflag Iron stock closed 1.7% 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.

 

Tin Plate Co. Of India

 

 Tin Plate Co. Of India has rallied nearly 89.7% as compared to 57.8% 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 82 is exceptional indicating outperformance in earnings growth.

 

Today, Tin Plate Co. Of India  stock closed 1.4% 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.

 

Nava Bharat Ventures

 

Nava Bharat Ventures has rallied nearly 144% as compared to 57.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 70 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 has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 9.5% up on a 173.6% 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.

 

Vinati Organics

 

Vinati Organics has rallied nearly 73.1% as compared to 57.8% 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 76 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, Vinati Organics stock fell -1.9%, 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.

 

Chambal Fert.&Chems

 

Chambal Fert.&Chems has rallied nearly 108.2% as compared to 57.8% 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 96 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 number of institutions holding the stock dropped in the last quarter, the number of shares held by the institutions increased at the same time.

 

Tata Metaliks

 

Tata Metaliks has rallied nearly 110% as compared to 57.8% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 75 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 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 closed 3.6% up, reclaiming its 21-day moving average. It closed 1.5% 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.

 

Varun Beverages Ltd.

 

Varun Beverages Ltd. has rallied nearly 82.1% as compared to 57.8% 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 93 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, Varun Beverages Ltd. stock sliced through the 50-day moving average line. The stock closed 3% up on a 595% 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.

 

Indian Energy Exchange

 

Indian Energy Exchange has rallied nearly 109.4% as compared to 57.8% 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 92 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, Indian Energy Exchange stock closed 1% up, reclaiming its 50-day moving average after a brief pullback in the recent trading sessions. It closed 0% 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.

 

Nocil Ltd.

 

Nocil Ltd. has rallied nearly 125.7% as compared to 57.8% 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 61 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 Nocil Ltd. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.1% up on a 45.8% 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.

 

Dolat Investment

 

Dolat Investment has rallied nearly 54.9% as compared to 57.8% 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 98 is exceptional indicating strong outperformance in earnings growth.

 

Today, Dolat Investment stock closed 0.9% 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.

 

Welspun India

 

Welspun India has rallied nearly 176.4% as compared to 57.8% 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 73 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 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, Welspun India stock closed 3.2% up, reclaiming its 21-day moving average. It closed 1.3% 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.

 
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