MarketsmithIndia Daily Updates: Activity Near The Key Moving Averages

Posted Date: June 30 2021

Astral Ltd

 

Stock has rallied nearly 161.7% as compared to 49.7% 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 98 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 Astral Ltd has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 3.3% up on a 79.7% 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.

 

Nmdc Ltd.

 

Nmdc Ltd. has rallied nearly 119.9% as compared to 49.7% 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 97 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 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, Nmdc Ltd. stock closed 1.5% 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.

 

Deepak Nitrite

 

Deepak Nitrite has rallied nearly 267.5% as compared to 49.7% 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 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 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 Deepak Nitrite has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 2.9% up on a 56.9% 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.

 

Ineos Styrolution

 

Ineos Styrolution has rallied nearly 90.5% as compared to 49.7% 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 80 is exceptional indicating outperformance in earnings growth.

 

Today, Ineos Styrolution stock fell -1%, 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.

 

Morepen Labs

 

Morepen Labs has been an outperforming stock as compared to the broader market. It has a strong Relative Strength Rating of 87. In the last twelve months, the stock has rallied over 165.6% as compared to 49.7% for the Nifty500. The EPS Rank of 98 is exceptional indicating strong outperformance in earnings growth.

 

Today, Morepen Labs.Lt 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.

 

Thirumalai Chem.

 

Thirumalai Chem. has rallied nearly 159.1% as compared to 49.7% 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 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 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 Thirumalai Chem. has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.7% up on a 62.3% 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.

 

Central Depository Services

 

Central Depository 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 247.3% as compared to 49.7% for the Nifty500. The EPS Rank of 93 is exceptional indicating strong outperformance in earnings growth.

 

Today, Central Depository stock fell -0.9%, 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.

 

Sunflag Iron

 

Sunflag Iron has rallied nearly 111.4% as compared to 49.7% 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 88 is exceptional indicating outperformance in earnings growth.

 

Today, Sunflag Iron stock closed 1.9% up, reclaiming its 21-day moving average. It closed 1.6% 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.

 

Sudarshan Chemicals

 

Sudarshan Chemicals has rallied nearly 74.3% as compared to 49.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 51 which is a respectable rating, but needs improvement. The EPS Rank of 91 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, Sudarshan Chem. stock closed 1.3% up, reclaiming its 21-day moving average. It closed 0.05% 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.

 

Sterlite Technologie

 

Sterlite Technologie has rallied nearly 103.9% as compared to 49.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 65 which is a respectable rating, but needs improvement. The EPS Rank of 87 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, Sterlite Technologie stock closed 1.6% up, reclaiming its 21-day moving average. It closed 0.2% 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.

 

Birla Corporation

 

Birla Corporation has rallied nearly 101.1% as compared to 49.7% 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 94 is exceptional indicating strong outperformance in earnings growth.

 

Today, Birla Corporation Lt stock fell -1.4%, undercutting its 21-day moving average. It closed -1.1% 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.

 

Siyaram Silk

 

Siyaram Silk has rallied nearly 133.5% as compared to 49.7% 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 74 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, Siyaram Silk stock fell -2.6%, undercutting its 21-day moving average. It closed -2.3% 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.

 

Aarti Surfactants

 

Aarti Surfactants 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 49.7% for the Nifty500. The EPS Rank of 85 is exceptional indicating outperformance in earnings growth.

 

Today Aarti Surfactants has reclaimed the 50-day moving average after a brief pullback in the recent trading sessions. The stock closed 5.8% up on a 13.8% 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.

 

Vedanta

 

Vedanta has rallied nearly 150.4% as compared to 49.7% 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 59 is poor and needs improvement.

 

Today, Vedanta stock fell -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.

 

Eid Parry

 

Eid Parry has rallied nearly 68.7% as compared to 49.7% 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 74 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, Eid Parry stock sliced through the 21-day moving average line. The stock closed -4.1% up on a 16.6% 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.

 

Basf India Ltd

 

Basf India Ltd has rallied nearly 104% as compared to 49.7% 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 58 is poor and 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, Basf India Ltd stock closed 2.9% 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.

 

Balkrishna Ind.

 

Balkrishna Ind. has rallied nearly 70.7% as compared to 49.7% 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 91 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 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, Balkrishna Ind. stock closed 0.2% 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.

 

Jamna Auto Inds.

 

Jamna Auto Inds. has rallied nearly 148% as compared to 49.7% 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 76 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, Jamna Auto Inds. stock closed 2.9% 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.

 

Orient Cement Ltd.

 

Orient Cement Ltd. has rallied nearly 93.6% as compared to 49.7% for the Nifty500, in the last twelve months. It has a Relative Strength Rating of 69 which is a respectable rating, but needs improvement. The EPS Rank of 68 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, Orient Cement Ltd. stock closed 0.3% 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.

 

Jindal Poly Films

 

Jindal Poly Films has rallied nearly 121.9% as compared to 49.7% 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 58 is poor and 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 Jindal Poly Films has reclaimed the 21-day moving average after a brief pullback in the recent trading sessions. The stock closed 6.2% up on a 262.7% 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.


Name Pct Chg (%) Vol Pct Chg (%)
Astral Ltd 3.3 79.7
Nmdc Ltd. 1.5 -7.6
Deepak Nitrite 2.9 56.9
Ineos Styrolution -1 -83.1
Morepen Labs.Lt -1.8 -85
Thirumalai Chem. 5.7 62.3
Central Depository -0.9 -69
Sudarshan Chem. 1.3 -73.1
Sunflag Iron 1.9 -38.8
Sterlite Technologie 1.6 -44.8
Birla Corporation Lt -1.4 -75.7
Siyaram Silk -2.6 -77.4
Aarti Surfactants 5.8 13.8
Vedanta -1 -69.8
Eid Parry -4.1 16.6
Basf India Ltd 2.9 -65.1
Balkrishna Ind. 0.2 -81
Jamna Auto Inds. 2.9 -50.8
Orient Cement Ltd. 0.3 -79.2
Jindal Poly Films 6.2 262.7
 

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