Marketsmith India Daily Updates: Activity Near The Key Moving Averages

June 11 2021

Usha Martin Ltd.

Usha Martin Ltd. 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 241.2% as compared to 58.9% for the Nifty500. The EPS Rank of 86 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 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, Usha Martin Ltd. stock closed 1.9% up, reclaiming its 21-day moving average. It closed 0.35% 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.

 

Grindwell Norton

Grindwell Norton has rallied nearly 131.4% as compared to 58.9% 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Grindwell Norton stock fell -0.4%, 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.

 

Filatex India

Filatex India 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 241.7% as compared to 58.9% for the Nifty500. The EPS Rank of 97 is exceptional indicating strong outperformance in earnings growth.

 

Today Filatex India has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 11.2% up on a 160.2% 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.

 

Confidence Petroleum

Confidence Petroleum 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 210.1% as compared to 58.9% for the Nifty500. The EPS Rank of 97 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 Confidence Petroleum has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 6.2% up on a 67% 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.

 

Nmdc

Nmdc has rallied nearly 105.2% 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 85 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 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 Nmdc Ltd. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.6% up on a 5.9% 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.

 

Vedanta

Vedanta has rallied nearly 162.9% as compared to 58.9% 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 60 is fair, but needs improvement.

 

Today, Vedanta stock closed 1.6% 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 St & Pwr

Jindal St & Pwr has rallied nearly 186.2% as compared to 58.9% 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.

 

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 has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.9% up on a 18.3% 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.

 

Ester Industries 

Ester India has rallied nearly 275.7% 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 stock fell -0.8%, 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.

 

Chambal Fert.&Chems.

 Chambal Fert &Chems has rallied nearly 109.7% as compared to 58.9% 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 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 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 Chambal Fertilisers  has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 1.2% up on a 138.2% 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.

 

Sagar Cements

Sagar Cements has rallied nearly 148.2% 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 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 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, Sagar Cements stock fell -1.8%, 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.

 

Lakshmi Mach.Wks

 Lakshmi Mach.Wks has rallied nearly 149.1% as compared to 58.9% 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 86 is exceptional indicating outperformance in earnings growth.

 

The stock has 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, Lakshmi Machines stock sliced through the 21-day moving average line. The stock closed -0.4% up on a 31.5% 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.

 

Ramco Systems

Ramco Systems 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 350.2% as compared to 58.9% for the Nifty500. The EPS Rank of 92 is exceptional indicating strong outperformance in earnings growth.

 

Today, Ramco Systems Lt stock closed 2.4% 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.

 

Indian Energy Exchange

Indian Energy Exchange has rallied nearly 111.6% 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 92 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 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 0.7% up, reclaiming its 21-day moving average. It closed 0.6% 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.

 

Marksans Pharma

Marksans Pharma has rallied nearly 127.6% as compared to 58.9% 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 96 is exceptional indicating strong outperformance in earnings growth.

 

Today Marksans Pharma has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 20% up on a 333.7% 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.

 

Bharat Rasayan

Bharat Rasayan has rallied nearly 81.2% as compared to 58.9% 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 90 is exceptional indicating strong outperformance in earnings growth.

 

Today, Bharat Rasayan stock fell -0.1%, undercutting its 21-day moving average. It closed 0% 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.

 

S H Kelkar & Company

S H Kelkar & Company has rallied nearly 119.3% 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 79 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, S H Kelkar & Company stock fell -1.3%, 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.

 

Hindustan Copper

Hindustan Copper has been a roaring outperformer as compared to the broader market. It has a top-notch Relative Strength Rating of 96. In the last twelve months, the stock has soared over 440.9% as compared to 58.9% for the Nifty500. The EPS Rank of 38 is poor and 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 Hindustan Copper has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.8% up on a 87.8% 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.

 

Tata Steel

Tata Steel has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 88. In the last twelve months, the stock has rallied over 250.9% as compared to 58.9% for the Nifty500. The EPS Rank of 38 is poor and needs improvement.

 

Today, Tata Steel stock closed 3.9% up, reclaiming its 21-day moving average. It closed 3.4% 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.

 

Mangalore Chemical & Frtz

Mangalore Chemical & Frtz has rallied nearly 137.3% 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 50 is poor and needs improvement.

 

Today, Mangalore Chem. stock fell -1.9%, 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.

 

Icici Bank

Icici Bank has rallied nearly 86.1% 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 80 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, Icici Bank 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.

 
Symbol Name Pct Chg (%) Vol Pct Chg (%)
USA.IN Usha Martin Ltd. 1.9 -33.9
GDN.IN Grindwell Norton -0.4 -70.3
FTX.IN Filatex India 11.2 160.2
CDL.IN Confidence Petroleum 6.2 67
NMR.IN Nmdc Ltd. 2.6 5.9
VED.IN Vedanta 1.6 -40
JSP.IN Jindal St & Pwr 3.9 18.3
ETI.IN Ester India -0.8 -66.3
CHB.IN Chambal Fertilis 1.2 138.2
SGM.IN Sagar Cements -1.8 -63.3
LAS.IN Lakshmi Machines -0.4 31.5
RMC.IN Ramco Systems Lt 2.4 -33.8
@IN.IN Indian Energy Exchan 0.7 -34.2
TAS.IN Marksans Pharma 20 333.7
BRY.IN Bharat Rasayan -0.1 -86.9
KEH.IN S H Kelkar & Company -1.3 -77.5
HIC.IN Hind. Copper 5.8 87.8
TIS.IN Tata Steel 3.9 -27.6
HTB.IN Hester Biosciences L -1 -80.8
MLE.IN Mangalore Chem. -1.9 -55.8
 

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