Marketsmith India Daily Updates: Activity Near The Key Moving Averages

Posted Date: June 15 2021

Deepak Nitrite

Deepak Nitrite has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 84. In the last twelve months, the stock has rallied over 255.2% as compared to 55.7% 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 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, Deepak Nitrite stock closed 0.4% up, reclaiming its 21-day moving average. It closed 0.06% 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.

 

Kpr Mill Ltd.

Kpr Mill Ltd. has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 84. In the last twelve months, the stock has rallied over 203.2% as compared to 55.7% for the Nifty500. 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 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, Kpr Mill Ltd. stock fell -0.8%, 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.

 

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 160.2% as compared to 55.7% 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. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 9.2% up on a 215.1% 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.

 

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 96. In the last twelve months, the stock has soared over 558.4% as compared to 55.7% 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 & Fitting stock fell -1.3%, 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.

 

Confidence Petroleum India

Confidence Petroleum India 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 203.4% as compared to 55.7% 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 stock fell -0.6%, 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.

 

Nmdc Ltd.

Nmdc Ltd. has rallied nearly 125.3% as compared to 55.7% 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 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. stock sliced through the 21-day moving average line. The stock closed -2.8% up on a 10.4% 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.

 

Dalmia Bharat 

Dalmia Bharat  has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 81. In the last twelve months, the stock has rallied over 200% as compared to 55.7% 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  has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.1% up on a 49.9% 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.

 

Hindalco Industrials

Hindalco Industrials has rallied nearly 161.4% as compared to 55.7% 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 93 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 few weeks. The number of institutional sponsors and shares held by the sponsors, both increased in the most recent quarters.

 

Today, Hindalco Indus. stock fell -1%, 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.

 

Elgi Equipments

Elgi Equipments has rallied nearly 189.3% as compared to 55.7% 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 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 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 has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.1% up on a 15.4% 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.

 

Guj. Amb.Exports

Guj. Amb.Exports has rallied nearly 149.7% as compared to 55.7% 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 95 is exceptional indicating strong outperformance in earnings growth.

 

Today, Guj. Amb.Exports stock closed 3.3% up, reclaiming its 21-day moving average. It closed 0% 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.

 

Ccl Products India

Ccl Products India has rallied nearly 43.1% as compared to 55.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 52 which is a respectable rating, but needs improvement. The EPS Rank of 73 is fair, but needs improvement.

 

Today, Ccl Products India stock fell -1.8%, 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.

 

Chambal Fertilis & Chems

Chambal Fertilis & Chems has rallied nearly 92.6% as compared to 55.7% 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 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 Fertilis stock closed 2% up, reclaiming its 21-day moving average. It closed 0.8% 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.

 

Shalby

Shalby has rallied nearly 133.6% as compared to 55.7% 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 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 closed 2.7% up, reclaiming its 21-day moving average. It closed 0.15% 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.

 

Iifl Securities

Iifl Securities has rallied nearly 83.1% as compared to 55.7% 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 closed 3.7% 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.

 

Dollar Industries

Dollar Industries has rallied nearly 127.9% as compared to 55.7% 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.

 

Today, Dollar Industries stock fell -0.3%, undercutting its 21-day moving average. It closed -0.15% 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.

 

Sagar Cements

Sagar Cements has rallied nearly 150.5% as compared to 55.7% 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 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 has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 20% up on a 788.6% 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.

 

Sequent Scientific

Sequent Scientific has rallied nearly 207.7% as compared to 55.7% 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 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 has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.7% up on a 21.8% 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.

 

Greenlam Industries

Greenlam Industries has rallied nearly 71.8% as compared to 55.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 59 which is a respectable rating, but needs improvement. The EPS Rank of 86 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, Greenlam Industries stock sliced through the 21-day moving average line. The stock closed -2.4%  on a 280.1% 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.

 

Oriental Aromatics

Oriental Aromatics 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 353.8% as compared to 55.7% for the Nifty500. The EPS Rank of 91 is exceptional indicating strong outperformance in earnings growth.

 

Today, Oriental Aromatics stock fell -0.15%, undercutting its 50-day moving average. It closed -0.2% 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.

 

Bharat Electronics

Bharat Electronics has rallied nearly 89.6% as compared to 55.7% 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 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, Bharat Electronics stock fell -0.6%, 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.

 
 
Symbol Name Pct Chg (%) Vol Pct Chg (%)
DEP.IN Deepak Nitrite 0.4 -12.7
KLL.IN Kpr Mill Ltd. -0.8 -29.3
USA.IN Usha Martin Ltd. 9.2 215.1
PPP.IN Prince Pipes & Fitti -1.3 -58.7
CDL.IN Confidence Petroleum -0.6 -44
NMR.IN Nmdc Ltd. -2.8 10.4
OC.IN Dalmia Bharat L 3.1 49.9
HDI.IN Hindalco Indus. -1 -59.4
ELG.IN Elgi Equipments 2.1 15.4
GAE.IN Guj. Amb.Exports 3.3 -32
CC.IN Ccl Products India -1.8 -44.2
CHB.IN Chambal Fertilis 2 -42.2
SBY.IN Shalby 2.7 -60.6
ITI.IN Iifl Securities 3.7 -41.1
DIR.IN Dollar Industries -0.3 -45.6
SGM.IN Sagar Cements 20 788.6
SQS.IN Sequent Scientific 3.7 21.8
RUX.IN Greenlam Industries -2.4 280.1
CAM.IN Oriental Aromatics -0.1 -44.8
BHE.IN Bharat Electroni -0.6 -52.4

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