Marketsmith India Daily Updates: Activity Near The Key Moving Averages

Posted Date: June 14 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 85. In the last twelve months, the stock has rallied over 247.6% as compared to 59.5% 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 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, Usha Martin Ltd. 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.
 
Adani Ports & Special Economic Zone
Adani Ports & Special Economic Zone has rallied nearly 143.2% as compared to 59.5% 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 93 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, Adani Ports & Special Economic Zone stock sliced through the 50-day moving average line. The stock closed -9.3% up on a 304.2% 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.
 
Ramkrishna Forgings
Ramkrishna Forgings 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 255% as compared to 59.5% for the Nifty500. The EPS Rank of 75 is fair, but needs improvement.
 
Today, Ramkrishna Forgings stock fell -1.6%, 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.
 
Hil
Hil 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 349.9% as compared to 59.5% 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 sliced through the 21-day moving average line. The stock closed -1.8% up on a 3.4% 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.
 
Confidence Petroleum
Confidence Petroleum 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 229.6% as compared to 59.5% 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 13 weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.
 
Today, Confidence Petroleum stock fell -2.4%, 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.
 
Fairchem Organics
Fairchem Organics 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  % as compared to 59.5% for the Nifty500. The EPS Rank of 68 is fair, but needs improvement.
 
Today Fairchem Organics has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 137.4% up on a 4900% 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.
 
Birla Corporation Ltd
Birla Corporation Ltd has rallied nearly 137.8% as compared to 59.5% 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 94 is exceptional indicating strong outperformance in earnings growth.
 
Today, Birla Corporation Lt stock fell -1%, 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.
 
Vedanta
Vedanta has rallied nearly 167.4% as compared to 59.5% 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 59 is poor and needs improvement.
 
Today, Vedanta stock fell -0.9%, 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.
 
Elgi Equipments
Elgi Equipments has rallied nearly 199% as compared to 59.5% 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 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 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, Elgi Equipments stock fell -2.5%, undercutting its 50-day moving average. It closed -0.8% 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.
 
Shalby
Shalby has rallied nearly 140.5% as compared to 59.5% 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 68 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, Shalby stock fell -2.6%, undercutting its 21-day moving average. It closed -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.
 
Chambal Fertilisers
Chambal Fertilisers has rallied nearly 112.2% as compared to 59.5% 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 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, Chambal Fertilisers stock fell -1.3%, 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.
 
Nocil Ltd.
Nocil Ltd. has rallied nearly 131.5% as compared to 59.5% 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 61 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, Nocil Ltd. stock fell -2.1%, 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.
 
Ramco Systems Ltd
Ramco Systems Ltd has rallied nearly 361.2% as compared to 59.5% 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 92 is exceptional indicating strong outperformance in earnings growth.
 
Today, Ramco Systems Ltd stock fell -1.2%, 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.
 
Jk Cement
Jk Cement has rallied nearly 139.4% as compared to 59.5% 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 98 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, Jk Cement stock sliced through the 50-day moving average line. The stock closed -1.1% up on a 55.5% 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.
 
Iifl Securities
Iifl Securities has rallied nearly 115.6% as compared to 59.5% 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 79 is fair, but needs improvement.
 
Today, Iifl Securities stock fell -0.9%, 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.
 
Prism Johnson
Prism Johnson has rallied nearly 212.6% as compared to 59.5% 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 75 is fair, but needs improvement.
 
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, Prism Johnson stock sliced through the 50-day moving average line. The stock closed -2.7% up on a 13.9% 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.
 
Sequent Scientific
Sequent Scientific has rallied nearly 219.1% as compared to 59.5% 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 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, Sequent Scientific stock fell -1.4%, undercutting its 50-day moving average. It closed -0.9% 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.
 
Bharat Rasayan
Bharat Rasayan has rallied nearly 81.4% as compared to 59.5% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 54 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 -0.5%, 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.
 
Blue Dart Express
Blue Dart Express has rallied nearly 189.5% as compared to 59.5% 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 70 is fair, but needs improvement.
 
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, Blue Dart Express stock fell -2.2%, undercutting its 21-day moving average. It closed -2.2% 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.
 
Nilkamal Ltd.
Nilkamal Ltd. has rallied nearly 112.7% as compared to 59.5% 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 76 is fair, but needs improvement.
 
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, Nilkamal Ltd. stock fell -1.4%, 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.
 
Symbol CoName Price Chg (%) Vol Chg (%)
USA.IN Usha Martin Ltd. -1.6 -52.7
AAR.IN Adani Ports & Speci -9.3 304.2
RMO.IN Ramkrishna Forgings -1.6 -81.7
HYD.IN Hil -1.8 3.4
CDL.IN Confidence Petroleum -2.4 -31.5
FA1.IN Fairchem Organics 137.4 4900
BIJ.IN Birla Corporation -1 -55.6
VED.IN Vedanta -0.9 -66
ELG.IN Elgi Equipments -2.5 -67.5
SBY.IN Shalby -2.6 -65.6
CHB.IN Chambal Fertilis -1.3 -23.7
NOG.IN Nocil Ltd. -2.1 -23.8
RMC.IN Ramco Systems Lt -1.2 -56.4
JKC.IN Jk Cement -1.1 55.5
ITI.IN Iifl Securities -0.9 -80
PTM.IN Prism Johnson -2.7 13.9
SQS.IN Sequent Scientific -1.4 -36.9
BRY.IN Bharat Rasayan -0.5 -79.9
BDE.IN Blue Dart Expres -2.2 -23.4
NKL.IN Nilkamal Ltd. -1.4 -49.6

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